Whilst our environment goals focus on net zero and Plan A, our social strategy focuses on supporting our people, responsible sourcing and human rights, and charitable partnerships, and includes animal welfare. C21.P1Over the past decade, Marks & Spencer (M&S)a major British retailer of household items, food products, and clothinghas increased its focus on fostering sustainability throughout its supply chain. Rather than imposing targets and monitoring compliance, it has chosen to collaborate with key suppliers and to work with them to create a number of model factories. Marks and Spencer Group Share Forecast, Price & News 1 MarketScreener is worth more than 1000 Influencers! 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. Annual Report 2021 | Marks & Spencer These measures focus on energy use, water use, waste, and carbon outputs. Archie Norman, Stuart Machin and Nick Folland are standing attendees at Committee meetings. The company, says Marc Bolland, CEO, can demonstrate a strong business case for Marks & Spencer Reports On Sustainability Progress We know there are complex connections between environmental impacts and social conditions; as our planet changes, people's homes and livelihoods are at risk, and as we transition to a net zero economy, we can't leave anyone behind. Marks and Spencers Emerging Business Case for Sustainability Caring about our impact on the world today and in the future is good business. We have identified ten immediate priority areas, and all of our actions are underpinned by collaboration. Even though 98 per cent of M&S products are sold under its own brand, M&S does not manufacture any products itself and relies instead on its suppliers. C21.P29M&S views the value of the programme as extending beyond these savings. We need to transform how we make, move and sell our products to customers and fundamentally change the future shape of our business. A range of around 30 delicious M&S Food classics, including sandwiches, childrens food and products from our Plant Kitchen and Made Without ranges, are now available in c.2,500 Costa Coffee stores and Drive-Thru lanes across the UK. With approximately 400 suppliers producing products at over 800 sites across 44 countries, and sourcing raw materials and commodities from over 70 countries and an estimated 30,000 farms globally, M&S Foods supply chain brings great complexity. We developed a multi-stakeholder plan spanning customers, colleagues and suppliers to deliver on this target. 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. Five years into its sustainability efforts, Marks and Spencer has demonstrated a strong business case for sustainability, with 185m in net benefits from Plan A made available to be reinvested back into our business.. It will force us to address questions for which we dont have all the answers to yet and collaborate with others to drive true change across consumer goods industries, said Mike Barry, Director of Plan A for Marks & Spencer. C21.P21M&S seeks to encourage suppliers to take ownership of the sustainability agenda. After all, over 90% of our carbon footprint is attributable to sourcing and manufacturing of our fantastic products. Marks and Spencer has demonstrated a strong business case for sustainability, with 185m in net benefits since 1997 available for reinvestment. Sustainability Scorecard: Capacity Building Initiatives, corporate.marksandspencer.com, https://corporate.marksandspencer.com/plan-a/our-approach/food-and-household/capacity-buildinginitiatives/sustainability-scorecard. RESETTING PLAN A TO DELIVER A NET ZERO M&S This is an excerpt of the original content. Last year Marks & Spencer expanded its healthy eating private label ranges, including Eat Well, Balanced For You, and Count on Us. In times of uncertainty, customers will be looking to trusted brands for long-term value, and our family of accountable businesses delivers just that. How. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. consistent leadership to anchor this plan in the core of our purpose as the business moves to the next stage of transformation. 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. This season, M&S is making it easier to remember the extras by welcoming third-party brand partners Smiggle and Hype to over 100 M&S stores across the UK. In recognition of their efforts, Silver and Gold suppliers are awarded certificates at the M&S annual commercial conference.5. These targets span specific metrics associated with our net zero goal across the value chain, including commitments to zero deforestation and sourcing conversion-free soy, sourcing more sustainable fibres, reducing emissions in our property estate, and eliminating millions of units of single use plastic packaging. (2020). 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. Marks & Spencer Group plc published this content on 07 June 2022 and is solely responsible for the information contained therein. M&S said the scale of the climate challenge is bigger and more urgent 14 years on, requiring the retailer to go further. Copyright 2023 Surperformance. the label" with greater transparency over how products are responsibly sourced. 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. Speaking to stakeholders, M&S CEO Steve Rowe said: We launched Plan A 14 years ago, because we knew then there was no Plan B for our planet. Money raised for charity: 20 million. In a world of great disruption and change, being trusted is even more important. 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. Group profit before tax and adjusting items 19/20: +29.7%, Adjusted earnings per share 19/20: + 29.9%. Caring about our impact on the world today and in the as our business relationships develop. 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. (2018). During the year, we played our part in supporting our supplier partners and advocating for greater support for the most vulnerable people in our supply chains. Alternative product designs or formulations can create improved products. This wont be easy. Our group sustainability framework outlines our commitments to drive action and tackle the biggest environmental and social challenges facing our business, our planet and our society. Case Study: Marks and SpencerSupply Chain Standards, Financial Reporting Council, https://www.frc.org.uk/Our-Work/Corporate-Governance-Reporting/Corporate-governance/Corporate-Cultureand-the-Role-of-Boards/Case-Study-Marks-and-Spencer-%E2%80%93-Supply-chain-stand.aspx. To support this aim over 1,000 colleagues from across the business have been upskilled through our data skills pathway, which we launched in 2018 with retails first ever data academy in partnership with Decoded. Our Plan A Commitments 20102015, Marks and Spencer Group, March 2010, http://corporate.marksandspencer.com/plan-a/85488c3c608e4f468d4a403f4ebbd628. inspired and encouraged by our suppliers' responses so far. Marks and Spencer Annual Report 7 October 2021. We believe that wider sustainability concerns are are here to stay, resulting in opportunities for our brand to enter new markets. 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. Developed by Square1 and powered by PublisherPlus.com, Stay Connected With Our Weekly Newsletter, Enjoy unlimited digital access for 30 days, Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today. Image courtesy of Flickr user alantankenghoe. From Sosander to Smiggle, we operate a range of models, including exclusive collaborations and brands we own, like Jaeger, or have a minority stake in, like Nobodys Child. In 2021/22, our focus has been on strengthening our standards and reinforcing how we deliver our commitments. Alexandra Dimitriu, Kidswear Director at M&S, commented: School uniform is an essential purchase for millions of families and now more than ever, parents are prioritising value when it comes to making purchasing decisions. 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. Get amazing offers & the best quality products with easy returns & 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. ". Ecosystem Pain Point Over 90% of M&Ss impacts fall within the supply chain and outside of its own operation. Ten years after the release of its first sustainability program Plan A, British retailer Marks & Spencer (M&S) has unveiled Plan A 2025, a new and improved sustainability in time for next years report. Most Recent Annual Report MOST RECENT 2022 Annual Report View They contribute directly to the group sustainability strategy, for example the recent resetting of Plan A, materiality assessments, and deliberations with ExCo. U.K. retailer aims to be net-zero in scope 3 emissions by 2040. Stuart Machin, CEO; Katie Bickerstaffe, Co-CEO; and Eoin Tonge, Group CFO & Chief Strategy Officer. 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. Course: Business Decision Making (5BUSS001W ) 42 Documents. Discover M&S and our different businesses, including Food and Clothing & Home. 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. The retailer has reset its Plan A sustainability programme, and will focus on becoming net zero across its entire supply chain and product offer by 2040. If achieved, M&S would achieve full net zero 10 years ahead of the governments UK wide strategy. The scale of the climate change challenge can seem daunting, but we know a better future is possible because, together with our colleagues, trusted supplier partners and wider industry collaborations, we have already made change happen. Marks & Spencer : Encouraging progress despite the challenging environme.. In 2010, M&S established a Sustainability Scorecard that aims to align suppliers with the companys sustainability objectives by tracking the progress of their own sustainability activities.2 This scorecard enables M&S to award Provisional, Silver, Bronze, and Gold ratings to participating suppliers. Each quarter, the Index gives insight into how confident and resilient families are feeling; what family means and why it matters in today's world; and, what issues are priorities for families right now. This metric continues to help M&S achieve positive performance by promoting good relations with suppliers and customers. 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. thing is a core behaviour in our business. Families are cautiously optimistic about what the rest of 2022 will bring, amid growing concerns around health and the environment. 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. The networking sessions help provide a platform for discussing challenges, free from the concern that such disclosures would have a negative impact on the suppliers relationship with their buyer. There is still lots that needs fixing. Flutter Entertainment plc nnual eport ccounts 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. We work continuously with our supplier partners to raise standards and improve working conditions. 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. Advanced Criminal Practice 2021/2022 (ACLP22) Contemporary Nursing Practice (HS6203) English; Marks & Spencer: Sustainability as an effective business strategy. Marks and Spencer has also prepared a separate report called The key lessons from the Plan A business case. [PDF]. A new Customer Focused Sustainability Plan C21.P27More broadly, through the suppliers self-reporting M&S gains insights on the energy, material, waste, and carbon performance measurements for those factories; suppliers risk assessment of their raw materials; suppliers employee representation, gender ratio, employee turnover, and employee survey results at those supplier sites; and the production capabilities of its suppliers. M&S also makes a point of not requiring suppliers to share how much they have saved and how much of the savings results from M&Ss involvement. Wheelock Place, Singapore. 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. Sign up for a free account: Comment on articles and get access to many more articles. We take a look at how Sedex is helping British retailer Marks and Spencer achieve continuous improvement in their sustainability mission, Automated Delivery Services set to transform procurement, The Big 7 challenges for CPOs in 2023: Insights from Mintec, WHO procurement spend has ESGs at centre of operations, Collaborative procurement: Powering offshore wind globally, Strengthening procurement for enhanced scientific output, The accelerating power of Digital Twin Tech in enterprises, GEP integrates Microsoft Azure's OpenAI boosting procurement, EU unveils Dynamic Purchasing System and eProcurement, HII's submarine procurement contract mod reaches US$10.2bn. ", "By 2019, well develop and launch a mechanism enabling products that meet certain sustainability criteria to be clearly labelled, helping customers worldwide identify these products in store or online. The retailer also continues to offer free eyecare to all children under 16 in M&S Opticians - this includes eye tests, plus prescription glasses up to the value of 49. youll be helping M&S to reduce its impact on our environment. M&S was a pioneer in developing an industry-leading, fully integrated sustainability plan under the "Plan A" banner in 2007 and we've delivered a number of important outcomes since then on our sustainability journey. Caring about our impact on the world today and in the future is good business. on Forced Labour/Human Rights, WWF's Retailers Commitment for Nature, Textiles 2030, and Business in the Community's Places Programme. We have learnt in recent years that digital meetings are more engaging, more democratic, and allow us to communicate and hear from more of our shareholders. Marks and Spencer Group PLC - AnnualReports.com C21.P8The supply chain forms a critical part of the overall M&S Sustainability Programmewhich they call Plan A. Marks & Spencer: Improving Supply-Chain Sustainability M&S school uniform is ranked #1 by consumers for value for money* and the retailer is clear that the hold on prices which means they have remained the same since 2021 - will not compromise on quality. We have built up a slightly paternalistic distant trust and we have to turn that into engaged trust so people can put a finger on why they trust.. There is lots more to do, he said in January. 30 September 2021. Marks However, M&S has made sure this is far from the case. Plan A 2025 is now our plan for a future in which a truly sustainable M&S can, in partnership with our customers and stakeholders, have a positive impact in all we do. The Board and Audit Committee reviewed Plan A progress every six months. The programme has delivered substantial savings through waste reduction and environmental efficiency amounting to over 600 million since 2007. 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. To promote the benefits of the M&S app and encourage more customers to download and start using it, we ran a two week app-focused campaign in March, including our first ever Sparks TV advert. Report Further information about the day. C21.P18A second key aspect of the scorecard is human resource management and ethical trade.
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