H&M

H & M Hennes & Mauritz AB or H&M

Group (abbreviated H&M) is
a multinationall clothing company based
in Sweden that focuses on fast-fashion clothing for
men, women, teenagers, and children. As of 23
June 2022, H&M Group operates in 75
geographical markets with 4,801 stores under the
various company brands, with 107,375 full-time
equivalent positions.
H&M is the second largest international clothing
retailer, behind Inditex, the parent company
of Zara. H&M was founded by Erling Persson, and
its current CEO is Helena Helmersson.

Corporate Social Responsibility (CSR)

Policy
H&M Hennes & Mauritz Retail Private Limited (the
‘Company’) is one of the world’s leading fashion
and design company. As a responsible Company,
it has since its inception, participated in social
activities which help in improving the quality of life
of the communities in which it operates. Aligned
with its overall sustainability vision, activities will be
undertaken to address various needs in the
communities in which it operates.
In consultation with the CSR committee, the
Company has decided to focus its activities on the
following areas, where it is able to create
maximum value. These focus areas are:
• Water & Sanitation: India is among the world’s
most water stressed regions. Additionally, safe
drinking water is a concern in many parts of the
country. The Company would focus on raising
awareness on water conservation and providing
access to water, sanitation and hygiene
awareness.
• Education & Environment: Sustainability being
at the heart of everything we do, the company
would focus on projects and awareness around
environment education with special focus on
reuse, reduce and recycle. Company will also
focus on projects to promote quality education.
• Empowerment & Livelihood: Unemployment is
a major issue impacting our society. The Company
would focus on livelihood enhancement and
empowerment of the youth, women and girls.
The Company will continue to engage with
stakeholders including experts, NGOs and the
Government and would take up such other CSR
activities in line with Government’s intent and
which are important for society.
The above areas are mapped with the activities as
prescribed in Schedule VII to the Companies Act,
2013.
CSR expenditure will include all expenditure
incurred by the Company on CSR Programmes
undertaken in accordance with the CSR Plan.
Surplus arising out of the CSR projects or
programs or activities shall not form part of the
business profit of the Company.
Implementation of CSR Activities
The Company may also undertake other CSR
activities as may be appropriate from time to time.
The Company would implement the CSR
programmes through Company personnel and
partnerships with expert agencies, NGOs and
Government. In cases where the implementation is
through external implementing agencies, the
Company would monitor the implementation.
Governance
The Company follows a structured
governance procedure to monitor CSR
activities.
The CSR Policy is governed by the Board of
Directors. In terms of the Companies Act,
2013 the Board of Directors have constituted
the Corporate Governance and Social
Responsibility Committee (‘CSR Committee’)
to formulate and recommend to the Board of
Directors the CSR Policy indicating activities
to be undertaken as specified in Schedule VII
and the amount of expenditure for the CSR
activities. The CSR Committee monitors the
CSR Policy of the Company from time to time.
The CSR team monitors the status of the
projects and reports its findings to the CSR
Committee periodically. In addition, CSR
Committee members may visit one or more
projects, from time to time and report their
findings to the board.