H&M and EY white paper outlines business case for decarbonisation

Core Viewpoint - The fashion industry must collaborate to mitigate climate-related disruptions and fulfill existing commitments, with existing solutions available to address these challenges [1] Group 1: Purpose of the White Paper - The white paper serves as a resource for finance leaders, providing practical guidance and a framework to convert climate ambitions into actionable investment pathways [2] - The CFO of H&M Group emphasizes the high cost of inaction on climate change for both the planet and the industry [2] Group 2: CFOs' Role in Decarbonisation - CFOs have a fiduciary responsibility to ensure long-term business resilience rather than focusing solely on short-term profitability [3] - The white paper aims to inspire industry collaboration in decarbonisation efforts that enhance business resilience [3] Group 3: Barriers and Pathways to Decarbonisation - The paper identifies three interlinked barriers to decarbonisation, including unclear corporate value of financing scope 3 decarbonisation efforts, complex and fragmented supply chains, and a lack of relevant financing tools [4][7] - It proposes three potential pathways for overcoming these barriers, highlighting the pivotal role of CFOs in integrating climate risk and promoting cross-industry financing models [4] Group 4: Industry Collaboration and Action - The fashion industry has a unique opportunity for collaboration to address decarbonisation challenges, with increasing momentum for new financing models to accelerate the green transition [5] - Industry leaders recognize that supply-chain decarbonisation enhances resilience and builds long-term confidence, indicating that now is the time to act [6]