The H and M Group has gone ahead to launch a new project which is a social entrepreneurship project. Through this project, the Group is planning to engage with social entrepreneurs far and wide but specifically in developing countries. These entrepreneurs with whom they are going to work should have their primary goal of initiating, implementing and bringing a positive impact on their local communities.
H and M group is doing this in collaboration with a global no-profit Nest. The main mission of this project is going to include a mission statement that contains several parts. They aim at building a very new but “hard worker” economy that is will work to bring on board global inclusivity of the workforce. In the mission statement, the project is also aimed at improving the well-being of women and girls beyond factories. Lastly, the project also is purposed to ensure the preservation of and passing on of cultural traditions of crafts from one generation to the other.
To achieve this, this Swedish firm that deals with fashion is going to introduce using its different ranges many products from their businesses that are sprouting all over across nations that are developing. This will help a big way in providing financial support in regions that are struggling financially.
By implementing this project, H and M Group is bound to achieve alongside four of the UN sustainable goals. These goals include the first goal which is aimed at eradication of poverty, the fifth goal that is to achieve gender equality, the eighth goal which is to ensure decent work and economic growth for each country and the tenth goal which is on ensuring reduce inequalities.