Sustainability
This coverage examines sustainability initiatives and challenges within the UK retail sector. Reporting highlights environmental strategies, supply chain improvements, energy efficiency, packaging innovation, and leadership commitments aimed at reducing impact and meeting regulatory expectations. Tailored for executives and managers, it provides insights to support sustainable decision-making and long-term planning.
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Oct- 2021 -26 OctoberSupermarkets
Sainsbury’s brings forward net zero target to 2035
Sainsbury’s has revealed that it is ramping up its sustainability efforts by aiming to become net zero by 2035, five years ahead of previous targets. Earlier this year, the supermarket chain committed to reduce its Scope 3 Greenhouse Gas emissions by 30% by 2030, with a long-term commitment to be…
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25 OctoberOnline & Digital
Very wins UN award for empowering women in Indian textile industry
The Very Group has won the community engagement and partnerships category at the India United Nations Women’s Empowerment Principles (WEP) Awards for its work in empowering young women in the country’s textile industry. The award recognises Very’s work to establish five resource centres in southern India, which has helped to…
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19 OctoberDIY
IKEA UK joins sustainability partnership
IKEA UK has announced a new partnership with climate solutions charity, Ashden, for the ‘Let’s Go Zero initiative’, a coalition campaign which aims to support UK schools’ efforts to reduce their emissions and calls for government action on greening schools. The campaign will see IKEA UK help to target zero…
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13 OctoberOnline & Digital
THG shares plunge by a third following investor event
THG has seen its shares plummet by around a third (34.75%) following a Capital Markets Event held by the group yesterday (12 October). In a statement released today, the group noted the fall in the share price but states that it “knows of no notifiable reason for the material share…
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11 OctoberClothing & Shoes
Asos CEO steps down amid profit warning
Asos has announced that Nick Beighton will step down as CEO of the business after 12 years, as the group warned that ongoing supply chain issues may hit its profit in FY22. In a series of changes to the board, Mat Dunn, currently CFO, will take on the additional role…
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6 OctoberNews
Sustainability increasingly important for consumers, survey finds
Compared to 2019, 22% more consumers said environmental responsibility is very or extremely important when deciding on a brand, according to a recent survey carried out by the IBM Institute for Business Value (IBM). IBM, a BRC climate action roadmap partner, surveyed more than 14,000 adults around the world about…
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6 OctoberClothing & Shoes
Morrisons launches reusable halloween range
Morrisons has announced the launch of its reusable halloween costume range for children, with costumes that are made from 100% “responsibly sourced materials”. According to the retailer, most halloween costumes are bought once and then thrown away, with the majority made from plastic-based materials including polyester. Morrisons has said the…
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4 OctoberClothing & Shoes
Boohoo appoints sustainability expert to board
Boohoo has appointed sustainability expert Kirsty Britz to its board as the latest non-executive director, with effect from today (4 October). She will become a member of the audit and risk committees on appointment. The online retail giant said her appointment brings additional expertise to the board, particularly in areas…
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Sep- 2021 -30 SeptemberClothing & Shoes
M&S resets its sustainability programme
Marks and Spencer has reset its Plan A sustainability programme, with the company now focusing on “becoming a net zero Scope 3 business across its entire supply chain and products by 2040”. The retailer has set out a roadmap to net zero using “science-based targets aligned to the UN ambition…
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29 SeptemberEconomy
Lego operating profit soars 104%
Lego has revealed an operating profit for the first half of the year of DKK 8bn (£929m), an increase of 104% compared to H1 2020. Revenue for the period grew 46% to DKK 23bn (£2.7bn) compared with the same period in 2020, while consumer sales grew 36%, outpacing the toy…
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