H&M

Sweden
Retailing

Corporate Bias Rating

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Risk Level:

Rating - Caution
Medium Risk

Summary:

H&M has not publicly terminated business relationships based on views or beliefs. The company provides a benefits package for employees which covers travel/lodging costs for an abortion. H&M funds multiple LGBTQ organizations and pledged $500,000 to BLM and related causes. The company signed letters opposing Florida's Stop Woke Act. H&M opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. The company denounced various states’ legislative efforts to protect election integrity and security. However, H&M protects its employees against viewpoint discrimination and does not discriminate against charitable organizations based on views or beliefs. For these reasons, H&M receives a Medium Risk rating.

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Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/4/23SocialPeople for the Ethical Treatment of Animalsreport on slaughter methods used in h&m supply chainNo Recommendation0.00%
5/4/23SocialDaniel Sommersteinrequest board to initiate plan for launching clothing with fairtrade labelNo Recommendation0.00%
5/4/23SocialFair Actionrequest company to negotiate with unions and suppliers to establish and manage (i) wage assurance account, (ii) severance claims account, and (iii) administration and enforcement accountNo Recommendation0.00%
5/4/23SocialFondazione Finanza Eticarequest company to disclose exposure to and risks of sourcing gm cotton, and set targets to decrease exposure to gm cotton and increase sourcing of organic cottonNo Recommendation0.00%
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