Our Plan A Commitments 20102015, Marks and Spencer Group, March 2010, http://corporate.marksandspencer.com/plan-a/85488c3c608e4f468d4a403f4ebbd628. So far, customers have reacted brilliantly to the tie-in, with sales performing strongly. 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. As a business thats been around since 1884, we know how important it is to look to the future. C21.P7In order to offset potential risk, M&S needed to create new ways in which to align suppliers with M&Ss broader sustainability goals. For this reason, M&S has to take a special interest in developing relationships with its suppliers and collaborating with them in the area of sustainability. To deliver this, we need our colleagues to better understand the carbon impact of our products and processes, we need to back our suppliers to innovate and adapt to the changing environment and we must work together to help customers enjoy lower carbon lives., TagsMarks and Spencer net zero sustainability sustainable fashion. We developed a multi-stakeholder plan spanning customers, colleagues and suppliers to deliver on this target. Caring about our impact on the world today and in the future is good business. 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. Stuart Machin, CEO; Katie Bickerstaffe, Co-CEO; and Eoin Tonge, Group CFO & Chief Strategy Officer. Nobody said sustainability is easyquite the contrary. Ecosystem Pain Point Over 90% of M&Ss impacts fall within the supply chain and outside of its own operation. Corporate adoption of sustainable business practices is essential to a strong market environment and an enduring society. Carnyx Group Ltd 2022 | The Drum is a Registered Trademark and property of Carnyx Group Limited. After all, over 90% of our carbon footprint is attributable to sourcing and manufacturing of our fantastic products. To provide the best experiences, we use technologies like cookies to store and/or access device information. This has three main areas of focus: facilitating supplier exchange meetings, where suppliers can share their learnings; providing skills training and development opportunities for suppliers; and delivering financial benefits and improved ways of working. Sustainability As a business thats been around since 1884, we know how important it is to look to the future. 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 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.. C21.P15M&S has identified waste as a specific issue, both in production and in packaging. Sign up for a free account: Comment on articles and get access to many more articles. Marks and Spencers Emerging Business Case for Sustainability The retailer reports that 80% of its products now have an eco or ethical quality above industry norms, such as Fairtrade food, cruelty-free beauty products, or recycled packaging. We are on a journey and the customer is starting to respond but we will stick to our knitting. That turnaround also embraces a multichannel approach, with M&S now calling itself a connected retailer. 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. 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. 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. Marks and Spencer 2022 Annual Report | Marks & Spencer 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. Moreover, since the relationship between supplier engagement and decisions to adjust business practices is not always clear-cut, these sessions function primarily as opportunities to identify best practices. 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. Marks and Spencer Annual Report 7 October 2021. Sedex-Helping Drive Positive Impact on People, 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. 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. She is accompanied by Sapna Sood, one of our NEDs with senior level experience at The Adecco Group, who also has an in-depth knowledge of running complex supply chains. Marks and Spencer has demonstrated a strong business case for sustainability, with 185m in net benefits since 1997 available for reinvestment. These issues are front of mind for our customers and colleagues, as we saw demonstrated in their overwhelmingly generous response. Firstly, it has identified 100 colleagues as Carbon Champions across roles in buying, sourcing and operations to drive net zero delivery. In addition to helping M&S save over 750 million in costs through efficiencies such as using less energy, fewer transport miles and reducing packaging, it has allowed M&S to become the worlds first and only carbon-neutral major retailer. 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. Caring about our impact on the world today and in the 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. This is an excerpt of the original content. 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 need to transform how we make, move and sell our products to customers and fundamentally change the future shape of our business. Will a Sustainable Future for Agriculture Take Us Underwater? 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. 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. This approach stems from the belief that suppliers may be concerned that M&Ss buying departments would use the information to negotiate on price. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. For example, better farming practices in the cotton supply chain are making a significant contribution to emissions reduction and better water stewardship. 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. A new logo has also been designed to run across its social channels to encourage customers to visit the hub. we integrate and deliver sustainability at M&S evolves constantly to reflect the changing needs in society and our ways of working within the business. M&S brings back its Look Behind the Label sustainability Plan A, corporate.marksandspencer.com, 25, http://corporate.marksandspencer.com/plan-a/85488c3c608e4f468d4a403f4ebbd628j. 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. 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.. 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 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. Resource efficiency is associated with supply efficiency and reduced costs associated with raw material, energy, and waste. 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. 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.. As an own-brand retailer, M&S is uniquely positioned to work with its supplier partners to find better ways of doing business. Plan A 2025 will also see a continuation of M&Ss Shwopping clothing recycling initiative and the company has pledged to use at least 25 percent recycled material in at least a quarter of the clothing it sells by 2025. This is marks and spencers annual report from 2021 wetherspoon plc annual report and financial statements 2021 wetherspoon owns and operates pubs throughout the. It has also been encouraging to see new propositions this year, including clothes rental with Hirestreet (see page 10), and the Sparking Change Challenge (see page 11) exploring plant-based protein and food waste reduction. Katie Bickerstaffe is Co-Chief Executive Officer and an executive member of the PLC Board (on which she previously served as a non-executive director). Our clear priority for 2021/22 was to reinvigorate Plan A and put it back at the centre of our customer story. It's crucial to me that this change is driven together with our supplier partners and customers. Marks & Spencer Likely to Report a Robust Start of FY 2024. 0907 GMT - Marks & Spencer is expected to report a positive start to FY 2024 given The Balancing Act of Employee Engagement and ESG Goals, 4 Strategies for Bridging the Sustainability Skills Gap, Social Sustainability Is the Next Supply Chain Frontier, Ensure one-quarter of all M&S Clothing and Home products will be made using 25 percent recycled material by 2025; and. Image courtesy of Flickr user alantankenghoe. TO DELIVER THIS, WE NEED OUR COLLEAGUES TO UNDERSTAND BETTER THE CARBON IMPACT OF OUR PRODUCTS AND PROCESSES AND WE NEED TO BACK OUR SUPPLIERS TO INNOVATE AND ADAPT TO THE, Welcome to our 2022 Sustainability Report, Welcome to our latest sustainability report, which updates you on the progress we are making to deliver our ambition of sustainable, profitable growth and long- term value creation for all stakeholders. 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. We launched our industry-leading Plan A programme in 2007. Marks & Spencer Likely to Report a Robust Start of Fiscal Year 2024 The first 10 years of Plan A have given us the confidence to embrace a sustainable future. For further information, please contact: Corporate.Press@marks-and-spencer.com, Marks & Spencer Commits to Holding the Price on Its Market Leading School Uniform, 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, M&S has held prices on its school uniform since 2021- and confirms return of popular 20% off school uniform offer for early bird shoppers, M&S school uniform is ranked #1 by consumers for value for money by YouGov, Third-party brand partners Smiggle and Hype will be ranged in over 100 M&S stores across the UK this season to offer a one-stop-shop for Back to School. 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. the label" with greater transparency over how products are responsibly sourced. In a year of change at M&S, Plan A has once again made a significant contribution to M&S and made good progress in making our products, stores and supply chains better for people, planet and communities," said Mike Barry, Plan A director at Marks & Spencer. M&S has held prices on its school uniform since 2021- and confirms return of popular 20% off school uniform offer for early bird shoppers M&S school uniform is ranked #1 by consumers for value for money by YouGov Well also work with our suppliers to minimize food packaging write-offs.6. M&S is a leading British retailer, with a unique heritage and strong brand values. C21.P13Buyers take these scores into account. Our Chairman, Archie Norman, shares an overview of the performance of M&S in 2021/22. We have always served our local communities and, as we emerge from the pandemic, were reflecting on the changing needs of our society and will be resetting our community programme. I would like to thank my colleagues right across the business for their contribution to deliver improvements over the years. Discover M&S and our different businesses, including Food and Clothing & Home. M&S sees offsets accounting for 14% of The company, says Marc Bolland, CEO, can demonstrate a strong business case for to the events in Ukraine. Marks & Spencer Likely to Report a Robust Start of FY 2024 . Copyright 2023. C21.P18A second key aspect of the scorecard is human resource management and ethical trade. 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. Sedex, Partnering in Their Mission for Sustainability However, the revamp has helped Marks & Spencer raise its profits outlook for the second time Published Jun 6, 2017 9am EDT / 6am PDT / 2pm BST / 3pm CEST. As an own-brand retailer, one of our biggest strengths is the close relationships we've created with our trusted supplier partners, from farms to factories and I've been, revolving credit linked to the delivery of our net zero targets. Among the report highlights: Marks and Spencer has a convincing business case for sustainability. U.K. retailer aims to be net-zero in scope 3 emissions by 2040. Copyright 2023 Surperformance. To reflect the climate emergency we all face, we reset Plan A with a singular focus on becoming a net zero business across all our operations and our entire value chain by 2040. Access to more detailed and interactive content 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. 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. Annual Report 2021 | Marks & Spencer We play our part in collaborative movements such as the British Retail Consortium's Climate Action Roadmap, the Consumer Goods Forum's Coalition. 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. 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. 0907 GMT - Marks & Spencer is expected to report a positive start to FY 2024 given encouraging read across the sector, Shore Capital analysts Bradley Hughes and Clive Black say in a note ahead of the group's update on June 14. All rights reserved. Click subscribe to sign up toESM: The European Supermarket Magazine. M&S school uniform is designed to be durable and pass the hand-me-down quality test to ensure even when its outgrown, its too good to waste and can be handed down to family and friends. This website uses cookies for analytics, advertising and to improve our site. To consistently deliver great products and services to our customers, we need to be forward thinking and data driven. M&S Unveils Revamped Sustainability Strategy, First-Ever Science The technical storage or access that is used exclusively for statistical purposes. This March, M&S and Costa Coffee launched an exciting partnership to bring together two of the nations favourite high street brands. Marks & Spencer: Improving Supply-Chain Sustainability C21.P25The scorecard enables M&S to understand and manage its supply chain better. Sustainable Brands inspired and encouraged by our suppliers' responses so far. In a letter to M&Ss 7,000 suppliers, its chief executive officer Steve Rowe said: 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. 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. India's Best Online Shopping Store for Menswear, Womenswear, Sleepwear, Lingerie, Loungewear,Home, Beauty Products, Accessories, Kid, and Baby Wear. Even though 98% of M&S products are sold under its own brand, M&S does not manufacture any products and relies instead directly on its suppliers. C21.P20The third element of the scorecard is lean manufacturing. Whilst some industry-wide initiatives, such as Sedex (Supplier Ethical Data Exchange) have been successful in providing an effective framework for this risk management approach, this can result in defensive behaviour by suppliers and can reinforce relationships that are characterised by a tick-box process for ensuring compliance.1. As part of its caring for planet commitments, M&S has set its first-ever science-based target and pledged to adopt a zero-waste model business model by 2025. 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. M&S is being led by its latest M&S Family Matters report, which showed 64% of its 5,000 respondents named climate change as a top concern and was the fastest-growing family topic, increasing by 7% on the previous quarter. These measures focus on energy use, water use, waste, and carbon outputs. 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. 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. 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.

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