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==Basic Information=====HQ Contact information===Regeringsgatan 48 <br />106 38 Stockholm <br />Tel:++46-8-796 55 00 <br />http://www.hm.com <br />===Country of incorporation===Sweden===Ownership status===Public===Primary industry sector===Apparel; Cosmetics===Primary industry ranking===* #195 in Fortune Global 500 [http://www.hoovers.com/h&m/--ID__100801--/free-co-factsheet.xhtml]* #73 in 2007 BRANDZ Top 100 Most Powerful Brands [http://www.millwardbrown.com/Sites/optimor/Media/Pdfs/en/BrandZ/BrandZ-2007-RankingReport.pdf]===Number of employees worldwide===40,368 <ref> H&M Annual Report 2006 </ref> ===Chief executive officer===Rolf Eriksen===Financial information=======Ticker symbol====H&M B====Main exchanges====OM Stockholm Stock Exchange====Investor website====http://www.hm.com/us/investorrelations__investor.nhtml====List of largest shareholders====As of Dec. 2006: <ref> H&M Annual Report 2006 </ref> * Stefan Persson family (301,672,400; 69% of voting power; 36.5% of outstanding shares)* Lottie Tham (36,805,700; 2.2% of voting power; 4.4% of outstanding shares)* Alecta (26,850,000; 1.6% of voting power; 3.2% of outstanding shares)* JP Morgan Chase Bank (23,374,820; 1.4% of voting power; 2.8% of outstanding shares)====Total sales==== SEK 80,081,000,000 <ref> H&M Annual Report 2006 </ref> ====Net income====SEK 10,797,000,000 <ref> H&M Annual Report 2006 </ref> ==Detailed Information=====Company history=History==
===Business scope===
====Lines of business====
====Creditors====
===Geographic scope===
====Countries of operation====
==Corporate Accountability==
===Labor===
====Domestic====
History:===Sources===* 1997: H&M code of conduct adopted* 1998: auditing of code of conduct begins* 2004: "H&M has found open and constructive dialogue with trade unions a positive experience and we welcome such relations wherever we operate. To draw attention to and safeguard fundamental principles and rights at work globally we have made an agreement with [[UNI]] (Union Network International) about working on these matters together." [http://www.union-network.org/UNIsite/In_Depth/Multinationals<references/GFAs.html] [http://www.hm.com/us/abouthm/factsabouthm/ouremployees__ouremployees.nhtml]* 2005: adoption of Full Audit Programme, intended to gather more extensive information of code of conduct implementation* 2006: H&M joins [[Fair Labor Association]] for all production in China>
Campaigns against company:* 1999: Swedish [[Clean Clothes Campaign]] criticizes implementation of code of conduct in Romania [http://www.fairtradecenter.se/v/nyhet_9907.html]* 2001: Clean Clothes Campaign urges customers (including H&M) to insist of reinstatement of fired union organizers at [[PT Citra Abadi Sejati]] in Indonesia [http://www.cleanclothes.org/news/01-01-02.htm]* 2002: report in Norwegian press about flawed implementation of code of conduct in Bangladesh [http://forbrukerportalen.no/Artikler/ forbrukerrapporten/2002/1039786190.07 ]* 2004: [[National Labor Committee]] urges companies producing in Bangladesh to sign pledge to guarantee maternity leave [http://www.nlcnet.org/campaigns/maternity/companies.shtml]===External Resources===
Major reports:* [http://www.fairtradecenter.se/etikbarometern/ Fair Trade Center's Ethical Barometer (in Swedish)]* [http://www.renaklader.org/?newsId=111 Rena Kläder's 2006 Report on H&M (in Swedish)]* [http://en.maquilasolidarity.org/en/issues/ca/transparency/TRC/2006 Maquila Solidarity Network. 2006. Transparency Report Card]===Environment & product safety===* [http://www.hm.com/us/corporateresponsibility/environment/hmsenvironmentalobjectivesandpolicy__envworkarticle2.nhtml H&M's environmental objectives and policy]* "H&M started using organic cotton in 2004, incorporating it into a selection of garments. The aim was to help increase the demand for organically cultivated cotton, which still only accounts for a very small percentage of world cotton production. Since then H&M has used an increasing amount of organic cotton and the quantity used this year is estimated at approximately 1,100 tonnes, compared with 30 tonnes in 2006. The cotton used by H&M is certified by the Control Union. It has been cultivated without the use of harmful chemicals. H&M has also been a member of Organic Exchange, an organisation that promotes organic cotton cultivation, since 2003." [http://www.hm.com/us/corporateresponsibility/environment/fashionpressrelease.ahtml?pressreleaseid=392]* "As of June 2005, H&M holds a licence to use the Flower, the official eco-label of the European Union (www.eco-label.com). The Flower stands for restriction of hazardous substances and reduced water pollution throughout the production chain, from the raw cotton to the finished product. " [http://www.hm.com/us/corporateresponsibility__responsability.nhtml] ===Human rightsExternal Articles===
===Anti-trust, consumer protection, tax practices===
===Political & public influence===
===Social responsibility initiatives===
* 1999: H&M starts a training project in Bangladesh. At H&M training centres students are guaranteed work as sewing machinists at one of H&M's suppliers when they have finished their training. Each intake consists of 50 students in total, divided between two training centres in Dhaka. [http://www.hm.com/us/corporateresponsibility/wesupport/projectsandcooperation/investinginyoungpeopleinbangladesh__projectsarticle4.nhtml]
* 2004: H&M and [[UNICEF]] signed a three-year co-operation deal for an education project for girls in developing countries and a project to prevent the spread of HIV among young people in Cambodia. [http://www.hm.com/us/corporateresponsibility/wesupport/projectsandcooperation/hmandunicefworktogether__projectsarticle1.nhtml]
*"Clothes that do not comply with H&M's quality requirements are not passed on to the stores. Instead, we have signed an agreement with a reputable aid organization in each sales country. We work with [[UNHCR]], [[Oxfam]], [[Caritas]], the [[Red Cross]] and [[Terre des Hommes]], to name but a few... H&M's US sales operation donates thousands of garments from its corporate facilities through Gifts In Kind International, a nonprofit organization that distributes products to community services groups that are improving the lives of people in need." [http://www.hm.com/us/corporateresponsibility/wesupport/projectsandcooperation/hmdonatesclothestocharity__projectsarticle5.nhtml]
==Articles and Resources==
===Related SourceWatch articles===
[http://sourcewatch.org/index.php?title=Business_for_Social_Responsibility Business for Social Responsibility]
===Sources===
<references/>
===External resources===
===External articles===
SW: template
{{GlobalCorpWiki}}
{{Infobox Company
| company_name = H&M Hennes & Mauritz AB
| company_logo =
| company_type = public
| genre = Apparel Design & retail; Cosmetics
| foundation = 1947
| founder = Erling Persson
| dissolved =
| location = Stockholm, Sweden
| locations =
| area_served =
| key_people = Rolf Eriksen (CEO)
| industry = Apparel
| products =
| services =
| revenue = SEK 80,081,000,000 <ref> H&M Annual Report 2006 </ref>
| operating_income =
| company_slogan =
| net_income = SEK 10,797,000,000 <ref> H&M Annual Report 2006 </ref>
| assets =
| num_employees = 40,368 <ref> H&M Annual Report 2006 </ref>
| parent =
| equity =
| owner =
| divisions =
| subsid =
| homepage = http://www.hm.com
| footnotes =
}}
'''H&M''' designs cheap but chic clothing, mainly for men and women 18 to 45, children's apparel, and its own brands of cosmetics. It operates about 1,400 stores in nearly 30 countries with direct sales operations in selected areas. Germany is H&M's #1 market, accounting for more than 25% of sales. About 60% of its clothing is made in Asia, the rest is manufactured primarily in Europe. [http://www.hoovers.com/h&m/--ID__100801--/free-co-factsheet.xhtml]
H&M’s founder, Erling Persson, began as a businessman in Västerås, Sweden. During a trip to the USA in 1947, Erling became
interested in a new kind of clothing store that combined a high turnover of garments at low prices. Upon his return home, he
Stefan Persson, Erling Persson’s son, was CEO for H&M from 1982 to 1998, a period of particularly rapid expansion. Since 1998,
Stefan Persson has been executive chairman of the Board. Rolf Eriksen was appointed CEO in 2000.<ref> H&M Brochure "H&M Facts 2007" </ref>
===Historical Financial Information======Business Strategy==="Our business concept is to give the customer unbeatable value by offering fashion and quality at the best price. To be sure we can offer the latest fashions we have a design and buying department that creates our clothing collections. We ensure the best price by:having few middlemen; buying large volumes; having a broad, in-depth knowledge of design, fashion and textiles; buying the right products from the right market; being cost-conscious at every stage; having efficient distribution. Good product quality is ensured through continuous quality controls. In addition to product quality itself, quality also means producing the items with minimal impact on the environment and under good working conditions." [http://www.hm.com/us/abouthm/factsabouthm/ourbusinessconcept__ourphilo.nhtml] ===Primary industry ranking===* #195 in Fortune Global 500 [http://www.hoovers.com/h&m/--ID__100801--/free-co-factsheet.xhtml]* #73 in 2007 BRANDZ Top 100 Most Powerful Brands [http://www.millwardbrown.com/Sites/optimor/Media/Pdfs/en/BrandZ/BrandZ-2007-RankingReport.pdf]==Political and Public Influence==Paragraph information===Political Contributions===Historical financial results ===Lobbying=== ==Corporate Accountability==Books on companyParagraph===Labor===History:* 1997: H&M code of conduct adopted* 1998: auditing of code of conduct begins* 2004: "H&M has found open and constructive dialogue with trade unions a positive experience and we welcome such relations wherever we operate. To draw attention to and safeguard fundamental principles and rights at work globally we have made an agreement with [[UNI]] (Union Network International) about working on these matters together." [http://www.union-network.org/UNIsite/In_Depth/Multinationals/GFAs.html] [http://www.hm.com/us/abouthm/factsabouthm/ouremployees__ouremployees.nhtml]* 2005: adoption of Full Audit Programme, intended to gather more extensive information of code of conduct implementation* 2006: H&M joins [[Fair Labor Association]] for all production in China Campaigns against company:* 1999: Swedish [[Clean Clothes Campaign]] criticizes implementation of code of conduct in Romania [http://www.fairtradecenter.se/v/nyhet_9907.html]* 2001: Clean Clothes Campaign urges customers (including H&M) to insist of reinstatement of fired union organizers at [[PT Citra Abadi Sejati]] in Indonesia [http://www.cleanclothes.org/news/01-01-02.htm]* 2002: report in Norwegian press about flawed implementation of code of conduct in Bangladesh [http://forbrukerportalen.no/Artikler/ forbrukerrapporten/2002/1039786190.07 ]* 2004: [[National Labor Committee]] urges companies producing in Bangladesh to sign pledge to guarantee maternity leave [http://www.nlcnet.org/campaigns/maternity/companies.shtml] Major reports:* [http://www.fairtradecenter.se/etikbarometern/ Fair Trade Center's Ethical Barometer (in Swedish)]* [http://www.renaklader.org/?newsId=111 Rena Kläder's 2006 Report on H&M (in Swedish)]* [http://en.maquilasolidarity.org/en/issues/ca/transparency/TRC/2006 Maquila Solidarity Network. 2006. Transparency Report Card]
===Business strategyHuman Rights=== ===Environment ===* [http://www.hm.com/us/corporateresponsibility/environment/hmsenvironmentalobjectivesandpolicy__envworkarticle2.nhtml H&M's environmental objectives and policy]* "Our business concept is H&M started using organic cotton in 2004, incorporating it into a selection of garments. The aim was to give help increase the customer unbeatable value by offering fashion demand for organically cultivated cotton, which still only accounts for a very small percentage of world cotton production. Since then H&M has used an increasing amount of organic cotton and quality the quantity used this year is estimated at approximately 1,100 tonnes, compared with 30 tonnes in 2006. The cotton used by H&M is certified by the best priceControl Union. To be sure we can offer It has been cultivated without the latest fashions we have use of harmful chemicals. H&M has also been a design and buying department member of Organic Exchange, an organisation that creates our clothing collectionspromotes organic cotton cultivation, since 2003. We ensure the best price by" [http:having few middlemen; buying large volumes; having //www.hm.com/us/corporateresponsibility/environment/fashionpressrelease.ahtml?pressreleaseid=392]* "As of June 2005, H&M holds a broadlicence to use the Flower, inthe official eco-label of the European Union (www.eco-depth knowledge label.com). The Flower stands for restriction of design, fashion hazardous substances and textiles; buying reduced water pollution throughout the right products production chain, from the right market; being costraw cotton to the finished product. " [http://www.hm.com/us/corporateresponsibility__responsability.nhtml] ===Consumer Protection and Product Safety=== ===Anti-conscious Trust and Tax Practices=== ===Social Responsibility Initiatives===* 1999: H&M starts a training project in Bangladesh. At H&M training centres students are guaranteed work as sewing machinists at every stage; having efficient distributionone of H&M's suppliers when they have finished their training. Good product quality is ensured through continuous quality controlsEach intake consists of 50 students in total, divided between two training centres in Dhaka. [http://www.hm.com/us/corporateresponsibility/wesupport/projectsandcooperation/investinginyoungpeopleinbangladesh__projectsarticle4. In addition nhtml]* 2004: H&M and [[UNICEF]] signed a three-year co-operation deal for an education project for girls in developing countries and a project to product prevent the spread of HIV among young people in Cambodia. [http://www.hm.com/us/corporateresponsibility/wesupport/projectsandcooperation/hmandunicefworktogether__projectsarticle1.nhtml]*"Clothes that do not comply with H&M's quality itselfrequirements are not passed on to the stores. Instead, quality also means producing the items we have signed an agreement with a reputable aid organization in each sales country. We work with minimal impact on [[UNHCR]], [[Oxfam]], [[Caritas]], the environment [[Red Cross]] and under good working conditions[[Terre des Hommes]], to name but a few... H&M's US sales operation donates thousands of garments from its corporate facilities through Gifts In Kind International, a nonprofit organization that distributes products to community services groups that are improving the lives of people in need." [http://www.hm.com/us/abouthmcorporateresponsibility/wesupport/factsabouthmprojectsandcooperation/ourbusinessconcept__ourphilohmdonatesclothestocharity__projectsarticle5.nhtml]
====Units/subsidiaries==Business Scope==
Today H&M has stores and production offices in around 40 countries all over the world and we continue to grow globally. In 2006 we moved into the Middle East and in 2007 we will establish our first stores in for example China and in 2008 also in Japan. [http://www.hm.com/us/abouthm/factsabouthm/ouremployees__ouremployees.nhtml]
====Brands====
* [[Gap Inc.]]
* [[Zara]]
<table border="1"><tr><th>Customers</th><th>Suppliers</th><th>Creditors</th><th>Competitors</th></tr><tr><td>Customer 1</td><td>Supplier 1</td><td>Creditor 1</td><td>Competitor 1</td></tr><tr><td>Customer 2</td><td>Supplier 2</td><td>Creditor 2</td><td>Competitor 2</td></tr><tr><td>Customer 3</td><td>Supplier 3</td><td>Creditor 3</td><td>Competitor 3</td></tr><tr><td>Customer 4</td><td>Supplier 4</td><td>Creditor 4</td><td>Competitor 4</td></tr></table> ===Breakdown Financial Information (as of revenues=DATE)===Ticker Symbol: H&M B <br>Main Exchanges: OM Stockholm Stock Exchange <br>Investor Website: http://www.hm.com/us/investorrelations__investor.nhtml <br> ====Breakdown List of profitslargest shareholders========Breakdown As of Dec. 2006: <ref> H&M Annual Report 2006 </ref> * Stefan Persson family (301,672,400; 69% of voting power; 36.5% of outstanding shares)* Lottie Tham (36,805,700; 2.2% of voting power; 4.4% of outstanding shares)* Alecta (26,850,000; 1.6% of voting power; 3.2% of assets====outstanding shares)====Breakdown * JP Morgan Chase Bank (23,374,820; 1.4% of voting power; 2.8% of employees==outstanding shares) <table border="1"><tr><th>Shareholder</th><th>% Total Shares held</th></tr><tr><td>Shareholder 1</td><td>% Held 1</td></tr><tr><td>Shareholder 2</td><td>% Held 2</td></tr><tr><td>Shareholder 3</td><td>% Held 3</td></tr><tr><td>Shareholder 4</td><td>% Held 4</td></tr></table><b>Largest Shareholders</b> Geographic scope paragraph <table border="1"><tr><th>Country</th><th>Revenue</th><th>Profits</th><th>Assets</th><th>Employees</th></tr><tr><td>Country 1</td><td>Revenue 1</td><td>Profit 1</td><td>Assets 1</td><td>Employees 1</td></tr><tr><td>Country 2</td><td>Revenue 2</td><td>Profit 2</td><td>Assets 2</td><td>Employees 2</td></tr><tr><td>Country 3</td><td>Revenue 3</td><td>Profit 3</td><td>Assets 3</td><td>Employees 3</td></tr><tr><td>Country 4</td><td>Revenue 4</td><td>Profit 4</td><td>Assets 4</td><td>Employees 4</td></tr></table> ===Governance=======Executives====
====Board members & affiliations====
====Date & venue of next AGM====
May 8, 2008
==Contact Information==
Regeringsgatan 48 <br />
106 38 Stockholm <br />
Tel:++46-8-796 55 00 <br />
http://www.hm.com <br />
==Articles and Resources==
===Books on the Company===
====GlobalRelated SourceWatch Articles===[http://sourcewatch.org/index.php?title=Business_for_Social_Responsibility Business for Social Responsibility]
[[Category: Corporations]]
[[Category: Apparel]]
