For this topic, I will be talking about H&M’s corporate social responsibility. H&M’s social corporate responsibility is based on their participation in social activities which helps improve the quality of life of the communities that are around. They have a sustainability vision which means that they put effort into fixing the needs of the communities in which they are located.
Water & Sanitation, Education & Environment, Empowerment and Livelihood are the activities the company mainly focuses on to make/create the most of their value. In India H&M focuses on water and sanitation because India is known as the most water stressed region. The way they help make this situation better is they raise awareness, they also provide access to clean water.
H&M values the education of their employees as well as the environment. They make sure to use everything in their power to create projects that focus on environmental issues/education and their next level focus is on refusing, reducing, and recycling. As well as promoting quality education.
Additionally, H&M is aware of unemployment being a major problem affecting our society, for that reason their focus is on livelihood enhancement as well as empowering the youth including women and girls. I find this to be very encouraging.
H&M does not profit off of these corporate social responsibility activities/programs. They state, “Surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of the Company.” In other words, H&M truly shows that they stand by what they care for and they won’t let money control their moves for their company.
All of H&M’s focuses are very good for their company because overtime it will make them grow/expand even more than how it is now. I believe H&M’s focus on Water & Sanitation, Education & Environment, Empowerment and Livelihood are amazing social corporate responsibility. I believe they should keep focusing on the environment because we are facing a climate crisis at the moment. Although H&M has some sustainable/conscious clothing/products, the majority of their clothing is still fast fashion and they have to change that part of their company. It will affect us majorly if they don’t find a solution.
Even though H&M promotes environmental issues, they need to come forward and be more truthful than how they think they are. This is the only way that they will be able to make an impactful change to our only home meaning our Earth.
And that will ultimately help improve their company as well as making an impact on other clothing companies. If H&M makes these moves and other companies see it, they will feel the need to change as well. H&M has to keep improving their corporate social responsibility.
H&M has an animal welfare and material ethics policy. They care about animals because they don’t condone animal testing nor the use of animal skin/fur. This is an important ethical choice from H&M because there are still big companies that condone animal testing. H&M making this a priority is impactful to the rest of the clothing companies.
H&M should keep expanding their ethical policy of animal welfare. In other words they should promote animal welfare. This will make them a better company compared to a company that doesn’t have an animal welfare policy.
Sources:
https://www2.hm.com/en_in/customer-service/corporate-social-responsibility/corporate-social-responsibility-csr-policy.html
https://about.hm.com/content/dam/hmgroup/groupsite/documents/masterlanguage/CSR/Policies/HM%20Group%20Animal%20Welfare%20and%20Material%20Ethics%20policy%20-%20April%202019.pdf
Is H&M Ethical and Sustainable?