marks and spencer sustainability report 2021

marks and spencer sustainability report 2021

M&S has also relaunched its Look Behind the Label campaign, which will detail how five everyday products are sustainably sourced, which customers will be able to view through the Look Behind the Label online hub, which launches today. (2020). To continue reading it, access the original document here. In 2021/22, our focus has been on strengthening our standards and reinforcing how we deliver our commitments. C21.P19The companys Global Sourcing Principles draw from key international documents and standards, including UN Universal Declaration of Human Rights, the ILO Declaration on Fundamental Principles and Rights at Work, the UN Guiding Principles on Business and Human Rights, the UN Womens Empowerment Principles, the UN Human Right to Water and Sanitation, the Childrens Rights and Business Principles, and the UN Global Compact. 2017European Supermarket Magazine your source for the latest retail news. Doing the right thing by our planet, people and the places we serve is a value that has been core to M&S's culture since its inception. The first 10 years of Plan A have given us the confidence to embrace a sustainable future. Marks Through our deep customer relationships with Sparks, our long-standing trusted supplier partners and our portfolio of innovation partners, we are well placed to develop customer propositions in circular fashion and low-impact farming. Marks & Spencer Likely to Report a Robust Start of FY 2024 . I thank Steve for his. Welcome to Marks and Spencer India. Marks & Spencer is working out a new strategy to capitalize the vegan food industry. It considers this is a number that cannot be calculated, but it believes that the impact of Plan A in terms of the trust it generates with customers, as well as on the morale of its workforce and that of its suppliers, will make the company more resilient and more adaptable, enhancing its sustainability in a rapidly changing world.11. Registration is now open for SB'23 San Diego! Across the range, M&S has incorporated intelligent innovative design features that grow with children, from growth proof hems to adjustable waistbands and the 2023 range continues to include the parent-friendly innovations M&S is known for - from permanent pleats in skirts to easy to iron shirts. C21.P34 Worldwide Fruit, an M&S food supplier, was named supplier of the year in 2012 for its achievements in reducing electricity consumption by 14 per cent a year and water demand by 75 per cent. Sustainability at M&S | Marks & Spencer The renewal programme takes existing M&S stores and invests in them so that they offer the efficiency of a supermarket and the soul of a fresh food market, showcasing the quality, value and freshness of its ranges.M&S has renewed 40 stores so far across the UK, delivering a bigger, better and fresher experience for customers across Food, with more in the pipeline for the year ahead. Marks the label" with greater transparency over how products are responsibly sourced. A new logo has also been designed to run across its social channels to encourage customers to visit the hub. Food redistribution scheme launch in partnership with, Launched our most sustainable denim range yet, Manufactured with 86% less water and kinder chemicals, and 100% of the cotton we source for our clothing is responsibly sourced, A five-year programme to help our farmers become more resilient to the biggest environmental challenges. Families are cautiously optimistic about what the rest of 2022 will bring, amid growing concerns around health and the environment. As more customers turn to shopping with us digitally, weve been building our quick and easy digital shopping experiences such as scan & shop and digital click & collect which, alongside our Sparks rewards scheme, are all hosted in the M&S app. C21.P40Additionally, M&S plans to expand its Plan A initiatives to include a wider range of sustainability programmes. The collaboration brings M&S delicious Food-on-the-move to the nations largest chain of coffee shops, taking our trusted value offer to a wider audience. Transforming lives and communities Further information about the day. UK retailer Marks & Spencer has published its 2017 Plan A report, which details the progress the company has made towards its sustainable business plan in the past year. Sustainability is core to the M&S brand and our ESG framework brings together the individual business strategies into a shared programme to engage our customers and enable us to track and report on performance at Group level. In response to both business needs and a growing customer demand for sustainable practices, M&S has aimed to show leadership in minimizing its environmental impact. Sign in or Register a new account to join the discussion. communicate our sustainability credentials to our customers and to shift perception with consumers who don't currently shop with M&S, embedding this messaging within the store environment and during the online shopping experience. It furthers the University's objective of excellence in research, scholarship, and education by publishing worldwide, This PDF is available to Subscribers Only. Now we take a look at how M&S remains at the forefront of the ethical trade business, the supply chain challenges they have faced and the solutions they have implemented. We now face a climate emergency, and in resetting Plan A with a singular focus we can drive the delivery of net zero across our entire end-to-end supply chain. Marks and Spencer has demonstrated a strong business case for sustainability, with 185m in net benefits since 1997 available for reinvestment. Food supply chains create more waste, but much of this is currently recycled. C21.P4This collaboration can yield a range of benefits for M&S. C21.P2Founded in 1884, M&S is now a public limited company with over a thousand stores across the world, 852 of which are located in the United Kingdom. Marks & Spencer commits to holding the price on its market It has also set-up a new partnership with Reboot the Future, a not-for-profit organisation that works with young people and business leaders to create resources to aid the discussion of how to live lower carbon lives. Marks & Spencer Likely to Report a Robust Start of FY 2024 . As will always be the case with an ambitious, stretching plan, some of our goals are behind plan, but in every case we have an action plan to address the challenges and hit our commitment targets.. Marks and Spencer Group Share Forecast, Price & News The Committee felt strongly that customer insights should shape and influence the sustainability strategy. We know that workers producing for M&S in India, Bangladesh and Sri Lanka are not paid enough to live on and their wages often fall far short of a living wage, added Nicola Round of Labour Behind the Label, a fair pay group. C21.P14The first element of the scorecard considers the environmental measures. In 2021 we reinvigorated our approach to sustainability as part of our business transformation programme and outlined our roadmap towards becoming a net zero business by 2040. M&S resets sustainability targets Marks & Spencer has pledged to cut its carbon footprint by a third by 2025 as part of its commitment to be fully net zero by 2040. Get free, timely updates from MIT SMR with new ideas, research, frameworks, and more. Please see our Digital AGM page for: We've set interim targets for 2025, 2030 and 2035, and a clear roadmap which identifies the immediate priority areas for our journey to net zero. Marks & Spencer Likely to Report a Robust Start of FY 2024. These sites include 302 food factories and thirty-eight drinks factories. Our targets were set to align with the aims of the Paris Climate Agreement to limit global warming to 1.5C, and we've joined the UN's Race to Zero campaign. As summarized by Hazel Culley, Sustainability Manager, the programme brings to the fore many previously unnoticed aspects of the supply chain: C21.P26Its great to be able to see the real change thats happening; for example, when we started out only seventy of our sites had staff surveysnow more than two hundred do. This metric continues to help M&S achieve positive performance by promoting good relations with suppliers and customers. Group profit before tax and adjusting items 19/20: +29.7%, Adjusted earnings per share 19/20: + 29.9%. Money raised for charity: 20 million. Although some of the lessons from the model factories initiated supplier changes through Plan A commitments, the larger focus was, and continues to be, demonstrating the business case for action. In the July issue of The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Our Chairman, Archie Norman, shares an overview of the performance of M&S in 2021/22. C21.P12In this way, M&S addresses the need to collect excellent data without overburdening suppliers. Sedex provides an online platform, tools and services to its over 60,000 member organisations spanning 180 countries to exchange data, manage risk, meet compliance requirements and drive positive impact on people.. Get full access to all the fashion industry news and intelligence you need, Browse the archive of more than 55,000 articles, access bespoke in-depth research, read the daily and weekly newsletters in full, receive the print magazine (optional), and gain priority access to Drapers events, You can use WP menu builder to build menus, Please remember that the submission of any material is governed by our. The full Back to School product range is available in store and on M&S.com and available for next-day delivery or free Click & Collect to over 700 M&S locations. M&S & Sedex, Partnering in Their Mission for Sustainability C21.P22In addition, M&S encourages its suppliers to use an online knowledge platform which provides advice, case studies, and toolkits for making practical changes within factories and on farms.9 These materials also highlight the business benefits of implementing those changes. We actively engaged with multi- stakeholder groups and governments on supply chain challenges in the UK, Kenya, India, Bangladesh and Turkey. RESETTING PLAN A TO DELIVER A NET ZERO M&S, Sustainable Future Better Products Remarkable People Community Governance Frameworks & Assurance, 3 CEO introduction and view from our ESG Committee, LIVES. To this end, M&S will launch a five-year, 50 million Plan A innovation fund to support new ideas in the business.13 An additional future goal will be to help suppliers create 200 Plan A factories and have ten thousand farmers join the initiative.14 Taken together, these programmes aim to catalyse innovation along M&Ss sustainable supply chain and to continue fostering good relations between the company and its suppliers. M&S views this as a powerful incentive for galvanizing change across the supply chain. Now we take a look at how M&S remains at the forefront of the ethical trade business, the supply chain challenges they have faced and the solutions they have implemented. All rights reserved. The scores are calculated based on three pillars: environment, human resources and ethical trade, and lean manufacturing. By 2020, M&S plans to source 100 per cent of products from sites that are scored Silver or Gold. We create a workplace for all employees that is respectful, protects their health and safety, prioritises inclusion and diversity, and focuses on personal development. As an own-brand retailer, M&S is uniquely positioned to work with its supplier partners to find better ways of doing business. Thirdly, it will launch a new online Green Network where staff can share environmental ideas, inspiration, and innovation. C21.P13Buyers take these scores into account. Putting Purpose Into Practice: The Economics of Mutuality, Bread and Honey: Social Flourishing, Mutuality, and Economics, Mutuality and Concepts of Responsible Business, Delivering on Purpose: Business Ecosystem Orchestration in Practice, The Impact of Mutual Profit on Business Behaviour, Mutuality and the Potential of Microequity, Bel Group: Harnessing the Power of an Informal Distribution Network, Marks & Spencer: Improving Supply-Chain Sustainability, Business Strategy: The Sustainability Scorecard, Sabka Dentist: Taking Accessible Dental Care to Scale, Timberland and the Smallholder Farmers Alliance: Creating a Data-Driven Smallholder Cotton Supply Chain in Haiti, Dell: The Business Case for a Sustainable Supply Chain, Interface: Turning an Environmental Problem into a Business Opportunity, Solvay Chemical: A Tool for Identifying and Planning Sustainable Business Strategies, Z Zurich Foundation: Building the Case for Effective Insurance in Flood-Prone Areas, Divine Chocolate: Creating Sustainable Value in the Cocoa Sector through Mutual Ownership, Mondragon: Maintaining Resilience through Cooperative Strategies, JD.com: Using E-commerce to Alleviate Rural Poverty in China, Kate Spade New York: Integrating Social Purpose into Core Business Operations, Mahindra First Choice: Orchestrating the Used-Cars Ecosystem, Novo Nordisk: An Ecosystem Approach to Preventing Diabetes. Ecosystem Pain Point Over 90% of M&Ss impacts fall within the supply chain and outside of its own operation. Wed 10 Nov 2021 08.59 EST First published on Wed 10 Nov 2021 03.57 EST. Sustainable Brands About a 5 minute read. Info More info. Specifically, it has pledged: M&S will report on Plan A 2025 progress every year in June and the commitments will be assured by independent auditors and M&S own audit team. In times of uncertainty, customers will be looking to trusted brands for long-term value, and our family of accountable businesses delivers just that. The Board and Audit Committee reviewed Plan A progress every six months. Marks & Spencer: Improving Supply-Chain Sustainability C21.P5However, there are challenges associated with implementing new approaches to supply chain sustainability. Our ESG Committee is chaired by Tamara Ingram, a non-executive director (NED), who brings experience from her long-standing leadership career in advertising, marketing and digital communications. Marks & Spencer has pledged to cut its carbon footprint by a third by 2025 as part of its commitment to be fully net zero by 2040. Of its goals, the company has achieved 138 of its 180 commitments, with 30 on plan, 6 behind plan and 6 not achieved, according to the report. M&S has a track record of leading positive behaviour change and we know our role is to make sustainability easier and more rewarding for our customers, designing new products and services to help and inspire them to live and enjoy a lower-carbon lifestyle. We aim to add further Food and Clothing & Home supply chain details by 2019 and details of raw materials suppliers by 2022. Environmental and social risks can be reduced through better sourcing of materials and high labour standards in supplier factories. We believe that a great price shouldnt come at the expense of great quality and by continuing to protect prices, were ensuring affordable school uniform that also passes the hand-me-down test - is accessible to all families this Back-to-School season.. Plan A was originally launched ten years ago, and has set out a range of commitments over this period. To help the retailer reach net zero is has launched a programme of initiatives. Marks & Spencer Expands Climate Targets to Tackle THIS MEANS WE NEED TO TRANSFORM HOW WE MAKE, MOVE AND SELL OUR PRODUCTS TO CUSTOMERS AND FUNDAMENTALLY CHANGE THE FUTURE SHAPE OF OUR BUSINESS. M&S brings back its Look Behind the Label sustainability Weve also seen great environmental improvements including over 40 per cednt of our sites sending no waste to landfill and 25 per cent volume is now from sites that have reduced energy by 20 per cent.10. Courtesy of Marks & Spencer LONDON Fashion is back in business at Marks & Spencer. As an industry report explains: C21.P6Most companies in the grocery sector initially approached supply-chain sustainability from a need to ensure compliance and to minimize supply and reputational risks from across the supply chain. When the additional 20% Back-to-School offer is applied, prices start from just 5.60 for early shoppers. During the year, we reinvigorated Plan A and confirmed sustainability as a strategic pillar in our company purpose as we move to the next stage of the transformation. Our Article by Sarah Harford. Stores will also play an important role in communicating with consumers, with M&S planning a store takeover that will see store windows feature a sustainability message and 70 of its largest stores will host welcome zones that explain what that particular store is doing to support its local community. This is an excerpt of the original content. This section includes employee representation, staff turnover, workforce cohesion, and external accreditation for employee bodies. And supply and reputational risks are lowered when there is greater transparency across the whole supply chain. M&S business news, financial results, presentations, company reports and the latest share price. All rights reserved. We have set out a clear strategy to deliver against these goals. in time for next years report. Firstly, it has identified 100 colleagues as Carbon Champions across roles in buying, sourcing and operations to drive net zero delivery. From the outset of the conflict, our priority was to support colleagues and take meaningful action to provide funds to those in need through our partners at UNICEF and UNHCR. C21.P15M&S has identified waste as a specific issue, both in production and in packaging. ", "By 2022, well incentivise and reward our customers for making more sustainable choices. Last year Marks & Spencer expanded its healthy eating private label ranges, including Eat Well, Balanced For You, and Count on Us. Going further, this year we launched our new Food Human Rights standard and at the same time we expanded the reach of our social audit assessments further down our clothing supply chain. Download. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. For example, from this week users of its loyalty programme Sparks will receive a gift when they donate preloved clothes to Shwopping in collaboration with Oxfam, which recycles and reuses clothing. In addition to meeting its internal standards, the company plans to have a sustainability story for each M&S product. Its other Plan A commitments include zero deforestation in palm oil and soy by 2025, sourcing more sustainable fibers by 2025, and supporting farmers in lower carbon farming methods and regenerative agriculture. T-shirts for associates featured the slogan, There is no Plan B., As it says at the Plan A website today, We launched Plan A in January 2007, setting out 100 commitments to achieve in 5 years. I'd also like to thank our long-standing external sustainability adviser, Jonathon Porritt, who has played a vital role as a critical friend over the duration of our Plan A programme. consistent leadership to anchor this plan in the core of our purpose as the business moves to the next stage of transformation. Customers have embraced a chance to give back. Our suppliers are operating in a tough environment, as they work through the Covid-19 recovery, while also navigating both geo-political uncertainty and market-wide inflationary pressures. As the companys Plan A Commitments report describes: C21.P16Different parts of M&S supply chain face different challenges on waste. For more details on how M&S is successfully leveraging the scorecard mechanism to build more a sustainable supply chain, download the full case study here. Discover M&S and our different businesses, including Food and Clothing & Home. Oxford University Press is a department of the University of Oxford. C21.P18A second key aspect of the scorecard is human resource management and ethical trade. Their customers and employees are increasingly interested in all aspects of their products integrity, and expect M&S to engage with their suppliers to ensure fair working conditions and respect for human rights throughout the value chain.. M&S has revived the Look Behind the Label campaign as part of its Plan A strategy. C21.P35 Brandix, a designated M&S eco-factory, was named clothing supplier of the year in 2012 for reducing carbon emissions by 80 per cent, energy usage by 46 per cent, and water consumption by 58 per cent. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. This wont be easy. Marks and Spencer. Central to the strategy of M&S Food is modernising how we bring delicious, great-quality ranges to customers; with our Food store renewal programme a key driver of this. As part of this, M&S has pledged to cut its carbon footprint by a third by 2025, from a 5.7million tonne baseline in 2017. We operate as a family of businesses, selling high-quality, great-value, own-brand products and services, alongside a carefully selected range of third-party brands. The Sustainability Scorecard initiative bolsters brand Marks and Spencer Annual Report 7 October 2021. So far, customers have reacted brilliantly to the tie-in, with sales performing strongly. Offering increased access to recycling helps M&S align its suppliers with its ongoing sustainability goals by tackling the challenges of food waste. Its much less fuss, much more interactive and youll be helping Responsible Sourcing & Human Rights in Foods, Responsible Sourcing & Human Rights in Clothing & Home, Sustainability Report 2022 - Resetting Plan A to Deliver a Net Zero M&S, Results, Reports, Webcasts & Presentations, M&S Teams Up With Agrisound To Boost Pollinator Activity On British Farms, A video guide to the Notice with Nick Folland, An introduction from the new leadership team, Task Force on Climate-Related Financial Disclosure Report. C21.P32As a result of the Sustainability Scorecard programme, M&S created value and savings across its supply chain: C21.P33 Through the introduction of vacuum packing for fresh meats, an unnamed company calculates it saved 16.3 million in 2011/12. Lets take a look at why. Climate change is a growing concern for our customers and colleagues, and this was amplified further as awareness levels increased with COP26 held in the UK. Well also work with our suppliers to minimize food packaging write-offs.6. 4.6 / 5.0 (74) Marks and Spencer Group PLC reports have an aggregate usefulness score of 4.6 based on 74 reviews. Caring about our impact on the world today and in the future is good business. We do this through a network of 1,487 stores and 98 websites globally, and together, across our stores, support centres, warehouses and supply chain, our 65,000 colleagues serve over 30 million customers each year. 4 min. 0907 GMT - Marks & Spencer is expected to report a positive start to FY 2024 given encouraging read across the As the report indicates, putting an increasingly sustainable supply chain into practice creates benefits for both M&S and its suppliers. This March, M&S and Costa Coffee launched an exciting partnership to bring together two of the nations favourite high street brands. In 2021 we reinvigorated our approach to sustainability as part of our business transformation programme and outlined our roadmap towards becoming a net zero business by 2040. Sedex, Partnering in Their Mission for Sustainability This is not a far-away promise; we must act now to rapidly cut our footprint. As Chief Executive Officer, Stuart Machin has responsibility for day-to-day leadership of the business and the Executive Committee, and is also an executive member of the PLC Board. The focus of Procurement Magazine's Digital Community is to provide our users with the Ultimate Digital Experience - an incredible digital magazine, a world-class website, an award-winning newsletter service as well as video reports, podcasts, blogs, webinars, white papers, research reports, virtual events and a database second to none. Course: Business Decision Making (5BUSS001W ) 42 Documents. It has over eighty thousand employees and revenues of over 10 billion. There is still lots that needs fixing. This website uses cookies for analytics, advertising and to improve our site. Plan A 2025 takes a three-pillar approach to the future, focusing on customer and colleague wellbeing, transforming lives and communities and caring for the planet. The case of Marks & Spencer illustrates how a company has used a sustainability scorecard that awards provisional, bronze, silver, and gold ratings to participating suppliers to promote its sustainability programme. pursued new procurement strategies and supplier partnerships to emerge stronger than ever. will play an important role in ensuring our customer engagement approach is relevant, particularly in the year ahead as we know concerns about the cost of living will increase.

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