1、Effective corporate governance ensures companies are managed as sustainably,responsibly,and efficiently as possible in the interests of their shareholders.For H&M Hennes&Mauritz AB(H&M Group or H&M),this means ensuring compliance with external regulations,supported by the use of important tools such

2、 as company values,global policies and guidelines.H&M Group conforms to the Swedish Corporate Governance Code(the Code),as detailed below.The companys ethics policy,Code of Ethics,which must be signed by all employees who interact with suppliers,clearly states H&M Groups approach to doing business.H

3、&M Group operates across multiple markets,each with their different laws,environmental requirements,social conditions,and challenges.These varied contexts underline the importance of acting consistently guided by a strong ethical compass.H&M Hennes&Mauritz AB is a Swedish public limited company.The

4、companys class B shares are listed on Nasdaq Stockholm.This report covers the financial year from 1 December 2022 to 30 November 2023(the 2023 financial year).This report is prepared in accordance with the Code and the Swedish Annual Accounts Act and has been examined by the companys auditors.EXTERN

5、AL&INTERNAL GOVERNANCEH&M Groups corporate governance operates in accordance with external regulations,international frameworks,and internal control documents.It is founded on the companys values and a corporate culture that emphasises simple,straightforward,cost-conscious,entrepreneurial business p

6、ractices,teamwork,a belief in people,and a drive for constant improvement.Sustainability is core to H&M Group and is integrated into all parts of the business.Examples of external regulations and frameworks include:Accounting legislation,including the Swedish Bookkeeping Act and Annual Accounts Act