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Hennes & Mauritz is a Swedish multinational clothing company founded in 1947 and headquartered in Stockholm. It employs over 100,000 people and has more than 4,600 stores in 77 markets, making it the second largest clothing retailer in the world. Its portfolio of brands includes H&M, COS, Weekday, Monki, ARKET and Afound. In 2022, its revenue was USD 22 billion.
Summary
H&M ranks 21st overall and 7th in the Apparel sector. Its performs relatively well on embedding respect and due diligence as well as human rights practices. The company has an opportunity to improve its disclosure on remedies and grievance mechanisms.
H&M is one of the four apparel companies that disclose how they review their own operations to mitigate the negative impacts of purchasing practices on suppliers. The company describes the resources it allocates for the day-to-day management of human rights in its supply chain, as well as its supplier training and capacity building initiatives to help suppliers meet their human rights obligations.
The company has an opportunity to improve on topics related to board level accountability, including disclosing how it assigns responsibility for human rights, whether it has board level incentives for human rights performance, and how it reviews its business model for human rights risks. It also has an opportunity to disclose the process for handling human rights grievances and how it evaluates the effectiveness of its grievance mechanism.
Ranking position
#21
/110
Total score
36.0
/100
Measurement theme
Score
Rank (0-110)
Measurement theme
Governance and policy commitments
Score
# 1
2.7
/10
Rank (0-110)
#42
Measurement theme
Embedding respect and human rights due diligence
Score
# 1
12.8
/25
Rank (0-110)
#15
Measurement theme
Remedies and grievance mechanisms
Score
# 1
5.5
/20
Rank (0-110)
#36
Measurement theme
Performance: Practices
Score
# 1
11.6
/25
Rank (0-110)
#11
Measurement theme
Performance: Responses
Score
# 1
3.4
/20
Rank (0-110)
#48
19483