ESG
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Aug- 2021 -19 AugustDepartment Stores
John Lewis to launch ISA accounts for customers
John Lewis has announced that it is set to launch savings accounts for customers through a new partnership with digital wealth manager Nutmeg. The three new ISA products reportedly aim to “help those who otherwise would not consider investing”, and mark the latest products to be introduced to the group’s…
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Jul- 2021 -28 JulyOnline & Digital
Music Magpie sees revenues up 2.3% following IPO float
Music Magpie, an e-commerce retail business, saw its group revenues grow by 2.3% to £72.8m for the six months ending 31 May 2021. The store, which sells refurbished electronics and second-hand video games, also reported a pre-tax profit of £4m over the six months period- up from £3.3m last year.…
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7 JulyHigh Street
Prices and product confusion barriers to sustainability, survey finds
UK consumers’ interest in sustainable products has risen significantly but barriers such as high prices, confusion around product quality, and lack of trust in sustainability credentials are stopping them from making purchases, according to a new survey from EY. It comes as the latest EY Future Consumer Index found that…
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Jun- 2021 -28 JuneSupermarkets
ASDA reduces GHG emissions by 16%
Asda has revealed it has reduced the amount of Greenhouse Gas (GHG) Emissions it produced last year by 16%, according to figures published for the first time. The figures are part of the Streamlined Energy and Carbon Reporting requirements published in Asda Group Limited’s annual report and accounts for the…
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1 JuneSupply Chain
Kraft Heinz to invest £140m in Kitt Green
The Kraft Heinz Company has revealed plans to invest £140m in Kitt Green, the Wigan food manufacturing facility. Some 50 full-time jobs are set to be created by the proposed investment, which is subject to final US regulatory approvals later this year. The US-based food company claimed that the funding…
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May- 2021 -7 MayClothing & Shoes
Joules secures ESG-linked financing arrangement
Clothing retailer Joules has announced an extension to its current funding arrangements, converting the facility to an ESG-linked financing arrangement. Placed through Barclays Bank, the scheme includes a £25m revolving credit facility and £9m term loan to September 2024. Under the terms of the arrangement, Joules’ interest rate loan margin…
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7 MaySupermarkets
Asda pledges to be a net zero carbon business by 2040
Asda has pledged to become a net zero carbon business by 2040, as the company publishes its first Environmental, Social and Governance (ESG) report. According to the grocer, the push to become a net zero carbon business will see the group reduce its GreenHouse Gas emissions by 50% by 2025. …
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Apr- 2021 -26 AprilClothing & Shoes
Boohoo considers linking exec bonuses to ESG goals
Boohoo has told the Environmental Audit Committee (EAC) that it is exploring the possibility of linking senior executive bonuses to environmental, social, and governance (ESG) improvements. The strategy had been recommended to the online fashion retailer during a virtual evidence session with the group’s executives in December 2020. In turn,…
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22 AprilEconomy
Carphone Warehouse closes all sites in Ireland
Carphone Warehouse has announced the closure of all its sites in Ireland with immediate effect. This includes its 69 standalone Carphone Warehouses and 12 in-store branches, employing 450 people, and the brand has stopped taking orders via its Irish website. However, this move is not set to affect Currys PC…
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21 AprilElectrical
Dixons Carphone appoints sustainability director
Dixons Carphone has announced the appointment of Moira Thomas as director of sustainability and ESG at the group. In the newly created role, Thomas will report to Assad Malic, group director of strategy and corporate affairs. Thomas joins from John Lewis Partnership, where she held a number of corporate social…
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