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ENTREPRENuer Sustainaable High Rate
ENTREPRENuer Sustainaable High Rate
ASSIGNMENT 2
On Existing Business
Where In Application Of
Sustainable Business
Practices.
DESIGNATED FACULTY:
BY: AMISHA
ARCHANA
SAPNA
JEET
ACKNOWLEDGEMENT
We would like to express our special thanks of gratitude to our teacher Mr. Toni
Sharma who gave us the opportunity to do this project of Entrepreneurship &
sustainable business practices on brand H&M and helped us in every possible
way.
We would like to thanks NIFT Patna for providing us the opportunity to work in
such a respected organization because of this we do researches and learn so
many new things.
We have worked together to finish this assignment on time. This assignment
cannot be done without cooperation and effort of the group member (Amisha,
Archana, Sapna, Jeet).
PROFILE
. The mass market is truly the place where the fashion industry is able to generate millions in
profit on an annual basis. Apart from the luxury sector, the business of selling everyday
clothes to everyday people is just as challenging as trying to sell haute couture garments to
wealthy individuals. The average consumer might not be able to afford a garment from
Chanel or Prada, but he or she still wants to make sure that they can look stylish at a price
range they can conceivably afford. It’s a good thing that H&M is a brand consumer can trust
because they offer fabulous fashion without the exorbitant price tags.
H&M is a Swedish global retail brand with a finger constantly on the pulse of fashion’s
beating heart in order to source out trends and styles that even fashionable people with a
budget can buy. The collection range of the company covers all age groups and offers high-
quality apparel and accessories for women, men, teenagers, and children. Outside of their
main product lines, H&M also showcases items such as home furnishings and beauty
cosmetics to help diversify their product range to consumers. Their focus on providing
affordable yet stylish fast fashion has enabled them to acquire a huge international following
and establishing themselves as a key player in the fashion industry.
The company was founded in 1947 by Erling Persson with the very first shop established in
Västerås, Sweden. The original name of the business was called “Hennes” which is Swedish
for “hers”, as the store at the time exclusively sold womenswear. It wasn’t until 1968 when
Persson acquired the hunting apparel brand Mauritz Widforss that he changed the name of the
company to Hennes & Mauritz to reflect the brand’s inclusion of menswear into the product
range. Soon after the merger and the official rebranding into the shortened H&M, the
company’s expansion gradually began to expand outside of Sweden’s borders.hm 03The first
international H&M branches appeared in the neighboring Nordic countries of Norway and
Denmark, with shops popping up in the United Kingdom and Switzerland right after. The
company began to sell underwear and intimate apparel in 1973, as well as tapping ABBA
member Anni-Frid Lyngstad to be the brand’s very first celebrity endorser promoting their
cosmetics collection. As the company entered the 1980s, H&M set its sights on further global
expansion. In 1982, Erling Persson officially handed the reins of the company to his son,
Stefan Persson, who took over as the CEO of the brand. Capitalizing on their continuing
success, H&M expanded to more outlets across the European continent.
PHILANTHROPY
H&M’s continuing commitment to reducing waste and environmental preservation was
augmented by their garment collection program that started in 2013. Shoppers who donate or
give away their used clothing to any H&M outlet will be rewarded with discount vouchers.
The clothes are then processed and recycled to create new garments in order to attain the goal
of a zero-waste economy. The company has also partnered with nonprofit organizations such
as Canopy to ensure that their garment production practices do not actively harm endangered
forests around the world.
Apart from their sustainability efforts, the retailer also launched the H&M Foundation: a
nonprofit institution dedicated to implementing positive change and improving the living
standards of several developing nations worldwide. The organization aims to achieve four
key goals: providing education for children, empowering the lives of women and
championing the ideals of equality, giving impoverished areas access to clean water, and
educating individuals everywhere to be more eco-conscious. The nonprofit is privately
funded by the Persson family and has appointed Sudanese supermodel Alek Wek (pictured
above) as the first official ambassador for H&M Foundation in April 2014 for a three-year
tenure.
PRODUCT SUSTAINABILITY:
Treating wastewater to remove pollution is essential before reusing or releasing it. In the fast-
growing Bangladesh apparel and textile industry, they’re working with their suppliers to
make sure they have effective wastewater treatment plants. They provide their partners with
technical support so they can maximise their investments in treatment technology that meets
global standards. Essential for local communities and the environment.
PROTECTING WATER
TOGETHER
It’s by working with others to
improve the way water is
managed that they’ll help protect
water resources needed by
industry and communities. For
example, they are one of the key
business supporters of the 2030
Water Resources Group — a
partnership hosted by the World
Bank — to find the best ways to
sustain groundwater reserves in
the Greater Dhaka Area of
Bangladesh. By working together
with experts and the local community, they are protecting the essential water reserves and the
future of their business.
CIRCULARITY AND VALUE CHAIN
A circular business model maximises resources and minimises waste. In the
conventional linear business model — take, use, discard — resources are used to make
products which are then discarded after use. Less than one percent of materials used in
industry are recycled. In the circular model, resources stay in use for as long as possible
before being converted into new products and materials, resulting in a reduction in waste
and harmful impacts.
A business model like this can only be completely circular if it’s powered by renewable
energy. H&M are moving closer to their goal to use 100% renewable electricity throughout
their operations. Ultimately, the plan is to achieve a climate positive value chain — one that
creates a net positive impact on the climate by 2040. And their circular approach will be one
of the most important tools to achieve this goal.
Making fashion circular is good for business because it boosts efficiency and cuts waste.
A value chain is the full range of activities it takes to make, market, use, repair, reuse and
recycle a product – with value added at every link in the chain.
THEIR MATERIAL ETHICS:
H&M Group is committed to ensuring that sourcing the raw materials used in their products
is done in a sustainable way and that social and environmental impacts are taken into
consideration during the entire sourcing process.
Raw material production and sourcing must be in line with both local laws as well as
international standards and must not lead to degradation or destruction of ecosystems and
biodiversity. Securing their supply of raw materials from an ethical perspective is an
extremely important part of H&M Group’s business model. They are committed to ensure
that the natural raw materials used in their products are produced in a way that contributes to
sustainable development, respects human rights, preserves natural resources, and helps
maintain biodiversity. No vulnerable or endangered species must be used.
Some highlights from their Material Ethics policy:
Suppliers of natural raw material must comply with all applicable environmental,
health & safety, labour and social laws and regulations (including applicable land
tenure and use rights).
They do not allow any wood or other forest-derived materials, including man-made
cellulosic fibre, to originate from ancient and endangered forests, or forests operations
damaging high conservation values.
No endangered and/or vulnerable species* may be used in the production of our
products.
By 2020, all cotton sourced for H&M Group will come from more sustainable
sources**.
By the end of 2025, 100% of all wood used in our products, including man-made
cellulosic materials, will be sourced from well-managed and FSC™ -certified forests.
How they evaluate materials?
At H&M Group they use third-party lifecycle assessment (LCA) data to evaluate the
environmental impact of recycled and other sustainably sourced materials. This includes
individual LCAs as well as external material benchmarks based on LCA data, such as the
Material Sustainability Index (MSI) by Sustainable Apparel Coalition (SAC). They
encourage material manufacturers to contribute to the MSI by submitting their data and
having their material transparently benchmarked. This helps everyone make better informed
choices.
Recycled polyester
Polyester is an artificial fibre made from oil, which is used widely around the world,
especially common in sportswear. Recycled polyester is a more sustainable option made from
oil-based waste, such as PET drinks bottles — a way of preventing plastic waste from ending
up in landfills.
Recycled polyamide
Polyamide is another popular oil-based fibre, often used to make underwear and tights, but
also outerwear. We get our recycled polyamide from materials like old fishing nets and
carpets. We also utilise leftover waste from production, a way of saving natural resources and
reducing what ends up in landfills.
Lyocell
Lyocell is a fibre made from the cellulose from wood. This is a renewable
material made from natural resources requiring little or no irrigation or pesticides, making it a
more sustainable option than cotton. We mainly use TENCEL™ branded lyocell fibres which
are derived from sustainable wood sources. It is produced in an environmental responsible
closed loop production process, which transforms wood pulp into cellulosic fibres.
Recycled wool
Recycled wool is ideal for heavier, outdoor garments. It comes from the waste or cut-offs
created during production, or from clothes gathered via our garment collecting initiative. By
recycling wool, we save raw materials and reduce what ends up in landfills. We also use
recycled wool in knitted sweaters, hats, gloves and scarves.
Organic linen
Linen is a beautiful and durable material made from flax plants. Our organic linen derives
from plants grown without chemical pesticides or fertilisers — better for farmers’ health and
the environment. The fabric is of the same high quality as conventional linen but without any
genetically modified fibres.
Organic silk
Conventional silk comes from silkworms living in mulberry trees. Organic silk guarantees
that the trees are grown in an environmentally friendly way, using natural and sustainable
farming techniques. Organic silk has the same high quality as conventional silk.
FSC™ natural rubber
The Forest Stewardship Council™ (FSC) is a global, independent, non-profit
organisation that develops sustainable forestry certification standards. Our FSC™ natural
rubber comes from well-managed rubber trees. Natural rubber is a renewable and recyclable
material that requires little energy and few chemicals to produce.
Recycled glass
Glass is easy to recycle without any loss in quality. Beads made of recycled glass can be used
for embellishments for clothes, accessories and home decor. Recycling glass means we save
natural resources such as sand or limestone.
Recycled plastic
We get our recycled plastic from PET plastic drinks bottles, plastic bags, shampoo bottles and
other plastic containers. We then use this plastic to make, for example, some of our popular
accessories. Being able to repurpose plastic waste and incorporate it into new fashion pieces
is a great way of avoiding harm to our planet.
FSC™ certified wood
FSC™ certified wood comes from FSC™ certified forests that have been audited by a third-
party accredited certification body.
FSC™ recycled wood
Wood products carrying the FSC™ Recycled label have been verified by a third-party
certification body as being made from at least 70% post-consumer reclaimed materials, i.e.
wood and or wood fibres that have been reclaimed from a product after that product has been
used for its intended purpose.
FSC™ recycled paper
Paper products can contain any balance of pre-consumer and post-consumer reclaimed
material if all applicable parts of the product are verified as reclaimed. The FSC™ Recycled
label is not, however, a guarantee that the wood originally comes from an FSC™ certified
forest.
Recycled cashmere
Recycled cashmere comes from post-consumer and post-industrial waste or cut-
offs from production. By recycling cashmere, we save raw materials, use fewer chemicals,
water and land but also reduce what ends up in landfills.
Recycled down and feathers
Recycled down comes from feathers recovered from, for example, old blankets, pillows or
cushions. By recycling down we save raw materials, use fewer chemicals, water and land but
also reduce what ends up in landfills. Recycled down can be used in the same applications as
virgin down.
Organic jute
Jute is a fibre extracted from the bark of the white jute plant. It requires little water, no
chemical pesticides or fertilizers and contains no GMOs.
Recycled silver
Recycled and refined silver is obtained from all above-ground sources which could be
industrial scrap and old silver products such as candle holders, flatware, coins and scrap
jewellery. By recycling metals, all the negative impacts of mining are avoided and a lot of
energy is saved.
Cotton is a natural, renewable and biodegradable fibre, widely used in clothing, home textiles
and furniture. But it’s a climate intensive crop linked to high water and chemical use. This
affects soil quality, biodiversity and people working in cotton fields.
H&M Group relies on the definition of more sustainable cotton fibres recommended by the
global non-profit organization Textile Exchange.
H&M Group is the second biggest user of organic cotton in the world. Organic cotton is
grown without the use of synthetic pesticides and fertilisers, which leads to better soil
condition, lower greenhouse gas emissions, stronger biodiversity and better health for cotton
growers. Organic cotton also uses 62% less energy and 91% less water on average, compared
with conventional cotton.
Organic cotton is not genetically modified. The crop is third-party certified and the fibre is
kept separate in the supply chain.
H&M Group is the second biggest user of recycled cotton in the world, according to the
Textile Exchange 2018 Materials Benchmark. Recycled materials are a win-win; they stop
waste material from going to landfill and reduce the use of virgin raw materials (as well as
chemicals, energy and water used to make them).
They are working to make animal protection a priority in the fashion industry — from ethical
sourcing of animal origin fabrics, to achieve a global ban on animal testing for beauty
products.
In parallel to all the above, they also support the use of recycled animal fibres, as well as
innovative and more sustainable alternatives that offer the same qualities but that are from
non-animal origin.
Good relations are great for business, but we don’t assess our business partners just because
we want to keep an eye on them — it’s also a great (and successful!) way to constantly
improve, collaborate and push ourselves to become a better company. We see that when these
requirements are fulfilled, both fundamental and aspirational, it’s also beneficial for the
suppliers since the workers become more engaged in their work and tend to stay with the
company for longer.
H&M CONSCIOUS
The H&M Group launched its first Conscious Collection in spring 2011, which included
materials like organic cotton and recycled polyester, followed by a garment-collecting
initiative in 2013.
Looking good should do good too. That’s what H&M Conscious is all about –it’s our
promise to bring you more fashion choices that are good for people, the planet and your
wallet.
H&M’s sustainability work is integrated into our culture and values. They believe a long-
term approach is a must when it comes to dealing with complex sustainability issues, and
they work to ensure that sustainability is integrated into all aspects of everything they do. At
H&M, we’ve always believed that great design should –and can –be available to anyone.
From the beginning, our role has been to democratize fashion. Today, that means making it
sustainable: it’s the only way we’ll keep making great fashion and design available to many
people, for many years to come.
H&M CONSCIOUS vision is to lead the change towards a circular and renewable fashion
industry while being a fair and equal company. Using their size and scale, they are working to
catalyze systemic changes across their own operations, their entire value chain and the wider
industry. In this way, they can continue to engage their customers and provide great fashion
and design choices –today and into the future.
They consider the needs of present and future generations and are aware that their entire
business must be conducted in a way that is economically, socially and environmentally
sustainable. Their role, as a leader in the fashion industry, is to innovate, influence,
collaborate and lead the way towards a truly sustainable fashion future.
OBJECTIVES
Their objectives within their vision statement would be to overall make their business
sustainable in every form possible. By doing so their business will addressing necessities of
both present and future eras. Also, by offering their consumer more sustainable clothing will
result in making a positive effect to countless individuals in distribution of their product and
also the earth and people and surrounding them. This is not different from their corporate
mission statement.
CONCLUSION
H&M have started to introduce the idea of ethical and sustainable clothing, with this it could
encourage other companies to start doing the same. This will then start a new trend of
purchasing and making sustainable clothing that will not only help save our future and help
workers in 3rd world countries, but will also provide consumer with naturally made garments
that will last a long time. H&M still have a long way to go with their vision of making their
clothes completely sustainable by 2020, however it is a work in progress. The textile industry
generally has a long way to go as well but with H&M roadmap they might be able to
influence other companies to participate in their ethical and sustainable movement.
REFERENCE
https://www.google.com/url?
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%2Fen_in%2Fcustomer-service%2Fproduct-and-quality%2Fconscious-concept.html
%23%3A~%3Atext%3DAt%2520H%2526M%2520we%27re%2520committed%2Cthem
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%2520Conscious%2520products%252C%2520you%2Cthe%2520fashion%2520industry
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hXTe30KHYdsD3kQFjAMegQIHhAC&url=https%3A%2F%2Fwww2.hm.com%2Fen_gb
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