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September 01, 2020 1:32pm
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H&M Joins Forces With DBS For A Sustainable Supply Chain

By: NewsUSA

(Matthew Du, NewsUSA Reporter) -  

Global fast fashion company H&M partnered with Southeast Asia's largest bank, DBS Bank Singapore, to innovate a sustainable fashion supply chain. The Swedish fast fashion giant is the second-largest retailer in the world and has enacted changes to achieve an ethical and sustainable brand. 

H&M aims to reduce greenhouse gas emissions across the supply chain by at least 90% and achieve net zero in 2040. They already have a sustainable clothing collection called H&M Conscious, which uses organic cotton and recycled synthetic threads. 

With DBS, H&M developed a green loan program to "decarbonize" the retailer's supply chain. H&M's suppliers can get DBS financing and sustainability consultation to minimize environmental impact.


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