Stockholm, Sweden, 2014-9-23— /EPR Retail News/ — Karl-Johan Persson, CEO at H&M, is this year’s recipient of the Pontus Schultz prize for a more humane economy. The prize is awarded annually to individuals in the business community who contribute significantly to an increased diversity, equality and sustainability. The award was presented by Crown Princess Victoria.
The foundation characterizes this year’s award recipient as “a trend setter in the true sense of the word”. It recognizes H&M’s successful efforts to increase minimum wages and improve working conditions, by actively influencing the authorities in the production countries. H&M’s sustainability goals, which have resulted in a wide range of new initiatives; from garment collecting to a strategy for a fair living wage in the production countries, are also highlighted.
Sara Öhrvall, chairman of the Pontus Schultz Foundation, says:
– We want to reward Karl-Johan Persson for his work and initiatives within the sustainability field as well as the controversial issue regarding working conditions in the textile industry. With a proactive business development that goes hand in hand with a minimizing of the company’s environmental impact, he proves that business can be a catalyst to meet difficult and global challenges.
Karl-Johan Persson is the second recipient of this award. Previous year, Antonia Ax:son Johnson was awarded this price.
Learn more about Pontus Schultz Foundation for a more humane economy.
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Please note the contact details above are only for media representatives. For other enquiries contact H&M’s switchboard on +46 8 796 55 00.
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