H&M is a multinational clothing-retail company that operates more than 4,400 stores in 71 global markets, including 575 stores in the United States. H&M is committed to sustainability, participating in both the EP100 (energy productivity) and RE100 (renewable energy) initiatives, setting targets to double its energy productivity and to power all of its global operations with renewable energy by 2030. In March 2019, H&M announced a science-based target. And by 2040, H&M Group aims to have a climate-positive value chain.
This resource highlights how collaboration between landlords and tenants can drive deeper savings in tenant spaces and allow access to funds through utilities that otherwise would not be possible. Through landlord-tenant collaboration, H&M improved their store energy efficiency by collaborating with landlords and utilities to apply incentive dollars to retrofit HVAC rooftop units (RTUs), and was able to take advantage of utility rebates for approximately 40% of its identified retrofit projects and save approximately $2,500 per store annually.