H&M has partnered with sustainable investment company Swedfund to open a new textile factory in Ethiopa, which is empowering the lives of women. The project will be funding 4,000 job opportunities, while H&M will be supporting the factory by buying products from there, and helping with their knowledge of sustainable textile production. The swedish retailer states it will be ensuring fair working conditions “in line with the strict standard requirements H&M’s suppliers always have to follow.” Swedfund is co-financing the project with DBL Group to establish the new factory.
“We have managed to form a unique partnership in Ethiopia with deep professional knowledge in every part of the process in order to fulfill the high sustainability requirements. It’s a great example of how to work to achieve efficient job creation, & in this project it is particularly focused on women.”