H&M CEO: Reducing Consumption Isn’t the Answer

Primary tabs

H&M CEO: Reducing Consumption Isn’t the Answer

by Jan Lee
tweet me:
H&M (@hm) CEO: Reducing #Consumption Isn’t the Answer. Read more: http://bit.ly/1MalF0k via @triplepundit

Multimedia from this Release

Monday, February 9, 2015 - 10:00am

CONTENT: Article

The CEO of one of the world’s largest clothing retailers thinks that we will be heading the wrong way if we reduce consumption to ward off climate change.

Karl-Johan Persson, who runs the Swedish multinational Hennes & Mauritz (H&M), suggested in an interview with the Guardian that, “If we were to decrease 10 percent to 20 percent of everything we don’t need, the result on the social and economic side would be catastrophic…” Cutting back precipitously would increase worldwide unemployment and poverty, he argued. The challenge, said Persson, is “doing it in a way where you still can have economic growth and jobs creation, while finding the innovations that can limit the damage to the environment.”

The article in the Guardian was noted as containing content that was paid for by H&M. Still, it brings up some valid points about manufacturing challenges in today’s retail sector.

In a way, Persson’s statements aren’t that far away from prevailing attitudes of some of the more popular U.S. clothing manufactures. Levi-Strauss & Co., Patagonia and other clothes producers we’ve mentioned here have vigorously supported a “circular” economy in which products are used, recycled or reused — and hopefully most or all of their ingredients are kept out of the landfill. Levi-Strauss & Co.’s recycled denim and Patagonia’s Worn Wear initiative both exemplify this idea. So does H&M’s own recycling initiative, which issues vouchers in exchange for returned, pre-loved clothing.

Click here to continue reading on TriplePundit

Keywords: Ethical Production & Consumption | Business & Trade | CEO | Environment & Climate Change | H&M | Philanthropy | Technology | Volunteerism & Community Engagement | economic growth | reducing consumption

CONTENT: Article