H&M Foundation
The H&M Foundation is a family foundation based in Sweden, established in 2013 by the Stefan Persson family, founders and main owners of H&M Group.
Through partnerships with experienced organisations around the globe, the H&M Foundation aims to accelerate the progress needed to reach the United Nations (UN) Sustainable Development Goals (SDGs) by 2030 by investing in people, communities and innovative ideas. The H&M Foundation works on a global scale, creating systemic change with transformative programmes and in local projects to directly address urgent needs.
The H&M Foundation provided USD 9.4 million for development in 2021 through its grantmaking activities. Compared to 2020, this amount represents a decrease of -44% in real terms.
In 2021, the H&M Foundation provided its development finance through bilateral channels, especially non-governmental organisations (NGOs) and civil society (USD 8.9 million).
In 2021, the H&M Foundation’s development finance was primarily focused on South Asia. USD 4.1 million (43.3% of gross bilateral development finance) was allocated to South Asia, with USD 5.2 million (55.7%) unspecified by region in 2021.
In 2021, the H&M Foundation’s most significant recipients included India (USD 2.7 million) and Bangladesh (USD 1.1 million). Moreover, 55.7% of its development finance was not allocated by country.
Least developed countries (LDCs) received USD 1.3 million (14.1%) of H&M Foundation’s development finance in 2021. The H&M Foundation allocated the highest share of its development finance (30.2%) to lower middle-income countries in 2021, noting that USD 5.2 million (55.7%) was unallocated by income group.
Sectors
In 2021, more than half of the H&M Foundation’s development finance was allocated to social infrastructure and services. Investments in this area accounted for 91.5% of the foundation’s development finance (USD 5.1 million).
Sustainable Development Goals
In 2021, the H&M Foundation provided the largest shares of its contributions to the goals on reduced inequalities (SDG 10), decent work and economic growth (SDG 8), gender equality (SDG 5) and sustainable consumption and production (SDG 12) of the United Nations 2030 Agenda.
Official website: http://www.hmfoundation.com/
The methodological notes provide further details on the definitions and statistical methodologies applied, including core and earmarked contributions to multilateral organisations, the Sustainable Development Goal focus of private development finance, channels of delivery, unspecified/unallocated allocations, the gender equality policy marker, and the environment markers.