Overall Net-Zero Target H&M Group commits to reach net-zero greenhouse emissions across the value chain by FY2040 from a FY2019 base year. Near-Term Targets H&M Group commits to reduce absolute scope 1 and 2 GHG emissions 56% by FY2030 from a FY2019 base year*. H&M Group also commits to increase annual sourcing of renewable electricity from 90.6% in FY2019 to 100% by FY2030. H&M Group finally commits to reduce absolute scope 3 GHG emissions 56% by FY2030 from a FY2019 base year. *The target boundary includes biogenic land-related emissions and removals from bioenergy feedstocks. Long-Term Targets H&M Group commits to reduce scope 1 and 2 GHG emissions 90% by FY2040 from a FY2019 base year*. H&M Group also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe. *The target boundary includes biogenic land-related emissions and removals from bioenergy feedstocks.