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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Jun- 2021 -2 JuneDIY
Kingfisher signs £550m responsible credit facility
Kingfisher, the owner of B&Q and Screwfix, has signed a £550m three-year revolving credit facility agreement linked to responsible business targets. Through the agreement, Kingfisher will benefit from lower interest rates if the responsible business plan’s targets are met, with a two-year extension also a possibility. The targets focus on…
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1 JuneSupermarkets
Waitrose expands refillable products offering
Waitrose has announced that it will launch more refillable products as part of its “Unpacked” concept, including loose tea for the first time. The news follows the increase of refillable sales by 9% at the retailer’s existing four shops in the past six months. Sales of refillable frozen fruit and…
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May- 2021 -28 MayProperty
Hammerson launches £600m sustainability-linked bond
Hammerson has announced the launch of a €700m (£600m) real estate sustainability-linked bond, with a six year maturity period and a 1.75% coupon. This new issuance was added with tender offers announced on 20 May 2021 in respect of the €500m (£430m) 2% bonds due 2022 and the €500m (£430m)…
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25 MayHigh Street
BRC calls on government to ‘accelerate use’ of green goods vehicles
The British Retail Consortium (BRC) has written to the secretary of state for transport, Grant Shapps MP, calling on the government to act to encourage the take up of green technologies and reduce emissions from goods vehicles. According to the BRC, retailers are “making progress” to address this issue, but…
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20 MaySupermarkets
Sainsbury’s CS&R director Judith Batchelar to step down
Sainsbury’s has announced that Judith Batchelar OBE is to step down from her role as director of corporate responsibility and sustainability (CR&S) and public affairs at the group. Batchelar will remain with the business until November 2021 as an advisory, before departing from Sainsbury’s after 16 years at the firm.…
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20 MaySport & Leisure
Gymshark names Danielle Petesic as chief product officer
Gymshark, the fitness apparel brand, has appointed Danielle Petesic as its new chief product officer (CPO), taking over the role from founder, Ben Francis. Petesic joins Gymshark after almost four years as Lululemon’s vice president of Product Development, where she was responsible for all product engineering and development of all…
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12 MaySupermarkets
Lidl commits to sustainability with creation of carbon-neutral cheddar
Lidl has announced that, alongside Wyke Farms, it will create a carbon-neutral Cheddar by the end of 2021. This news follows the supermarkets commitment to reduce carbon across its supply chain and support more sustainable farming practices. Through sustainable working practices, the supplier will aim to save 22.5 million kgs…
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12 MayHigh Street
Retailers almost halve carbon reduction targets
UK Retailers have almost halved their 2020 carbon reduction targets according to the latest data from the British Retail Consortium (BRC). The data showed that carbon emissions fell by 49% since 2005, exceeding the original target of a 25% absolute reduction. These targets form part of the BRC’s climate action…
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11 MayAnalysis
Plastic Packaging Tax revenues should be reinvested in retail
It’s now less than 12 months until UK retailers face paying a new levy on plastic packaging, with this set to raise hundreds of millions in tax revenues. This money should be shared with retailers to help further improve recycling and sustainability. UK Plastic Packaging Tax explained From 1 April…
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7 MayLuxury Goods
Body Shop owner fundraises over £700m in sustainability-linked bonds
Natura and Co, the parent company of The Body Shop, Avon, and Aesop, has announced the completion of an international fundraising effort of $1bn (£718m) in bonds attributed to sustainability goals. According to the group, the funds will be put towards refinancing existing debt, as part of the group’s liability…
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