DLA Piper advises H&M Group on global renewable partnerships to further the growth of renewables
DLA Piper has advised Swedish fashion retailer H&M Group on two significant partnerships with global solar energy companies.The first partnership with Lightsource bp This partnership with H&M Group will have a positive impact on the local environment through Lightsource bp’s approach to sustainable project development which involves working with environmental and planning experts to ensure its projects benefit local ecosystems and boost biodiversity.
The second partnership was with Matrix Renewables (a Madrid-based global renewable energy platform).
These long-term partnerships will enable the growth of the renewable sector and will accelerate the decarbonisation of the global fashion industry and the transition to renewable energy.
The DLA Piper team was led by Natasha Luther-Jones and assisted by partner Andreas Gunst, senior associate Jennifer Keogh and associate Emma Whitfield.
Commenting, Natasha said: “We are proud to support H&M Group on its sustainability journey to achieve a climate positive value chain by 2040 and source 100% renewable electricity in its operations no later than 2030. We look forward to continuing to support them across the globe.”