Angelo Vertti, 18 de setembro de 2022

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 Caring about our impact on the world today and in the future is good business. M&S took 18 months to develop the framework for the How We Do Business element of their supplier scorecard, which is supported by a sustainability framework that considers the environmental, ethical, and lean manufacturing elements, which detail the building blocks to enable improvement in performance. During the year, we updated our Global Sourcing Principles which were introduced in 1998, setting out the minimum standards for all our supplier partners. Their talent, commitment to our customers and pride in M&S are key to our long-term growth. As a business thats been around since 1884, we know how important it is to look to the future. 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. The result of the campaign was over half a million app downloads across March and monthly active app users reaching new levels. Our supplier partnerships are built on open and transparent discussion, with a shared culture of continuous improvement which goes beyond basic legal compliance. About a 5 minute read. C21.P39Looking ahead, M&S aims to source 100 per cent of products from at least Silver-level suppliers by 2020. Big Idea: Leading Sustainable Organizations, Artificial Intelligence and Business Strategy, The key lessons from the Plan A business case. Caring about our impact on the world today and in the future is good business. M&S said the scale of the climate challenge is bigger and more urgent 14 years on, requiring the retailer to go further. (As of 05/26/2023 07:40 PM ET) Compare Today's Range 178 183.10 50-Day Range 144.05 184.75 52-Week Range 91.56 189.10 Volume 5.69 million shs Average Volume 6.53 million shs Market Capitalization 3.54 billion P/E Ratio 1,196.67 Dividend Yield 10.14% Price Target GBX 177.25 Profile Analyst Ratings Chart Competitors Insider Trades Headlines Our third quarterly update was released in February 2022, based on responses from 5,000 people. Weve also seen great environmental improvements including over 40 per cednt of our sites sending no waste to landfill and 25 per cent volume is now from sites that have reduced energy by 20 per cent.10. Their customers and employees are increasingly interested in all aspects of their products integrity, and expect M&S to engage with their suppliers to ensure fair working conditions and respect for human rights throughout the value chain.. Today (Thursday 1 June) Marks & Spencer has announced it is protecting the price of its market leading quality school uniform for a third year, as part of the retailers commitment to protecting value on the products that matter most to customers. ". 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 These insights allow M&S to better select and interact with its suppliers for product innovation and other improvements in its products. 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. We would like to see a stronger, clearer commitment from M&S on paying a living wage. To help the retailer reach net zero is has launched a programme of initiatives. We work continuously with our supplier partners to raise standards and improve working conditions. Archie Norman, Stuart Machin and Nick Folland are standing attendees at Committee meetings. Click subscribe to sign up toESM: The European Supermarket Magazine. 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.. In 2021/22, our focus has been on strengthening our standards and reinforcing how we deliver our commitments. How. THREAD is partnering with AWS to streamline procurement for life sciences organisations and help them access high quality SaaS offerings. C21.P28Overall, the Plan A programme, of which the scorecard is a component, has delivered significant saving through waste reduction and environmental efficiency. 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. Marks & Spencer Group plc published this content on 07 June 2022 and is solely responsible for the information contained therein. This wont be easy. Marks & Spencer Likely to Report a Robust Start of FY 2024 . Jun 2, 2023 3:42 AM PDT. Marks & Spencer Expands Climate Targets to Tackle Supply Chain. During the year, brands represented c.3.5% of our online sales and were shopped by over a million customers. 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. This is a self-help story. The company launched a so-called shwopping initiative (the word combines shop with swap), encouraging customers to bring in used clothes when they buy new ones, and one-day Wardrobe Clear-Out events, with clothes donated to Oxfam second-hand clothing stores. It furthers the University's objective of excellence in research, scholarship, and education by publishing worldwide, This PDF is available to Subscribers Only. Our commitment to people is unwavering, and is articulated through our support for the ten principles of the UN Global Compact. 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. The practice of providing suppliers with a window during which the audit will take place helps foster goodwill and promote accountability, without disrupting production. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Caring about our impact on the world today and in the C21.P8The supply chain forms a critical part of the overall M&S Sustainability Programmewhich they call Plan A. 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. This is marks and spencers annual report from 2021 wetherspoon plc annual report and financial statements 2021 wetherspoon owns and operates pubs throughout the. With the goal of increasing transparency, product quality, and worker well-being throughout its supply chain, M&S instituted a Sustainability Scorecard system in 2010 to measure impact and incentivize best practices. It has over eighty thousand employees and revenues of over 10 billion. The Board and Audit Committee reviewed Plan A progress every six months. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. 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 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. M&S views this as a powerful incentive for galvanizing change across the supply chain. 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. All rights reserved. You must sign in to post a comment.First time here? The focus of Procurement Magazine's Digital Community is to provide our users with the Ultimate Digital Experience - an incredible digital magazine, a world-class website, an award-winning newsletter service as well as video reports, podcasts, blogs, webinars, white papers, research reports, virtual events and a database second to none. in time for next years report. Our Plan A Commitments 20102015, Marks and Spencer Group, March 2010, http://corporate.marksandspencer.com/plan-a/85488c3c608e4f468d4a403f4ebbd628. 2017European Supermarket Magazine your source for the latest retail news. Marks and Spencer Annual Report 7 October 2021. The technical storage or access that is used exclusively for anonymous statistical purposes. All rights reserved. Marks & Spencer has revived its 2006 Look Behind the Label campaign as part of its latest sustainability push. Back by popular demand, this Back-to-School season, M&S will also be offering an additional 20% off school uniform for early bird shoppers, for a limited time only. 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. We believe that wider sustainability concerns are are here to stay, resulting in opportunities for our brand to enter new markets. We have set a goal to be a net zero business across Scopes 1, 2 and 3 by 2040. It has also set-up a new partnership with Reboot the Future, a not-for-profit organisation that works with young people and business leaders to create resources to aid the discussion of how to live lower carbon lives. 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. In terms of grocery retail, healthier food now accounts for 41% of sales. (2020). 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. the label" with greater transparency over how products are responsibly sourced. They contribute directly to the group sustainability strategy, for example the recent resetting of Plan A, materiality assessments, and deliberations with ExCo. 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. 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. Marks & Spencer : Encouraging progress despite the challenging environme.. 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, A video guide to the Notice with Nick Folland, An introduction from the new leadership team, Task Force on Climate-Related Financial Disclosure Report. It has been my privilege to be the steward and shopkeeper of this fantastic business and extraordinary brand at such an important stage in its history. As part of its 2025 agenda, M&S has also committed to " be open and transparent and inspire customers to live more sustainably." If achieved, M&S would achieve full net zero 10 years ahead of the governments UK wide strategy. People are at the heart of our business. Last week, the retailer launched Plan A 2025, which contains the company's sustainability aims for the next eight years, including the goal of making Marks & Spencer a Keep up to date with all the latest news from M&S. Secondly, the retailer is developing a programme of learning to grow carbon literacy and equip its colleagues with the understanding to identify carbon-related risks and opportunities. Further information about the day. 116 NominationCommittee report 120 Workforce Engagement Committee report 124 Audit Committee report 132 Risk and Sustainability Committee report 136 Directors remuneration report 2021 155 Directors report Financial statements 163 Statement of Directors Responsibilities 164 Independent Auditors Report 171 Consolidated Income Statement The first 10 years of Plan A have given us the confidence to embrace a sustainable future. on Forced Labour/Human Rights, WWF's Retailers Commitment for Nature, Textiles 2030, and Business in the Community's Places Programme. 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. thing is a core behaviour in our business. The new team will go live in January 2021 and will work with technology partners to develop new food lines as well as address sustainability issues that span the industry. M&S resets sustainability targets Marks & Spencer has pledged to cut its carbon footprint by a third by 2025 as part of its commitment to be fully net zero by 2040. M&S business news, financial results, presentations, company reports and the latest share price. The European Commission introduces a flexible procurement process for end-user IT supplies, empowering procurement professionals in the digital era, Strategic collaboration between Shell and Worley focuses on digitalisation, sustainability and costs, optimising procurement in energy industry. 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. 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. (2018). Published Jun 6, 2017 9am EDT / 6am PDT / 2pm BST / 3pm CEST. We launched our industry-leading Plan A programme in 2007. By aligning the companys requirements with these international standards, M&S is able to encourage engagement and streamline the compliance burden for its suppliers.8. And supply and reputational risks are lowered when there is greater transparency across the whole supply chain. But setting systematic processes and frameworks that ensure continuous improvement gets you there. Alternative product designs or formulations can create improved products. In these sessions, suppliers that have made progress on specific challenges are encouraged to share experiences and outcomes with their peers, and M&S technical experts are also on hand to share operational knowledge and expertise. Mejuri Becomes First Jeweler to Join Regenerative Mining Initiative, Tony's Chocolonely Unveils Future-Proof Legal Structure to Protect Its Company Mission, Finding Potential in Peers: The Importance of Pre-Competitive Partnerships, Aquaculture Industry Must Become Regenerative or Fail to Meet Demand by 2050, 2 Biotech Startups Are 3D Printing Fish to Give the Ocean a Rest. 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). Today (Thursday 1 June) Marks & Spencer has announced it is protecting the price of its market leading quality school uniform for a third year, as part of the retailers commitment Achieving even a silver status is a long (it takes an average of two years to go from bronze to silver) and difficult process that requires suppliers to make significant changes that must drive genuine positive impacts to how they work. In recognition of their efforts, Silver and Gold suppliers are awarded certificates at the M&S annual commercial conference.5. Get amazing offers & the best quality products with easy returns & -, Ethical trade and human rights in the supply chain, WE NEED TO BACK OUR SUPPLIERS TO INNOVATE AND ADAPT TO THE, Marks & Spencers tenders GBP228.1 million loan notes, Marks & Spencer to Buy Back GBP219.4 Million of Bonds due 2025, 2026, RBC Raises Marks & Spencer PT, Keeps Sector Perform Rating, programme to help our farmers become more resilient to the biggest environmental challenges, UK shoppers boost spending despite inflation's bite, Germany enters recession; UK energy price cap lowered. We aim to add further Food and Clothing & Home supply chain details by 2019 and details of raw materials suppliers by 2022. 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. In practice this means initiatives that make it easier to participate in the circular economy, such as clothes recycling through our Shwopping programme, supporting households to reduce food waste, or giving consumers the power to "look behind. These types of initiatives - making. 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. So far, customers have reacted brilliantly to the tie-in, with sales performing strongly. 268276 Published: March 2021 PDF Split View Cite Permissions Share Abstract The case of Marks & Spencer illustrates how a company has used a sustainability scorecard that awards Its much less fuss, much more interactive and By Caroline 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. From the outset of the conflict, our priority was to support colleagues and take meaningful action to provide funds to those in need through our partners at UNICEF and UNHCR. 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. Among the report highlights: Marks and Spencer has a convincing business case for sustainability. C21.P29M&S views the value of the programme as extending beyond these savings. Copyright 2023 Surperformance. 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. An introduction from the new leadership team Courtesy of Marks & Spencer LONDON Fashion is back in business at Marks & Spencer. The awards recognize and showcase suppliers that have made tangible and demonstrable improvements in areas such as process innovation or product sustainability and the supplier networking sessions take place every two to three months. C21.P37 Courtauld, a clothing supplier, developed a new bra made from 100 per cent recycled polyester, with improved durability and guaranteed non-yellowing.12. Thirdly, it will launch a new online Green Network where staff can share environmental ideas, inspiration, and innovation. For full access to this pdf, sign in to an existing account, or purchase an annual subscription. Customers have trust in us but it is distant, they assume we are doing [sustainability] but we have not put the detail in front of them, Barry told Marketing Week. And M&S aims to incentivize and facilitate better and leaner practices amongst suppliers. Marks & Spencer Likely to Report a Robust Start of FY 2024. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. M&S business news, financial results, presentations, company reports and the latest share price. There is lots more to do, he said in January. to the events in Ukraine. Reduces our carbon footprint and saves paper. 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. But despite the plans success, M&S admits that the company hasnt done enough to communicate its work to the public. Sign up for a free account: Comment on articles and get access to many more articles. The world is unpredictable, complex and changing fast, and we need to challenge ourselves to be on the front foot in tackling relevant sustainability topics, and in responding to consumer expectations. As the ESG Committee, our role is to provide the additional rigour, support and challenge to ensure our leadership position is upheld and sustainability is at the very heart of M&S's customer proposition. 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 strategy that builds on the companys previous successes while addressing a communication gap that exists between the brand and consumers. Resource efficiency is associated with supply efficiency and reduced costs associated with raw material, energy, and waste. The programme has saved 625 million since 2007. We play our part in collaborative movements such as the British Retail Consortium's Climate Action Roadmap, the Consumer Goods Forum's Coalition. 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. To provide the best experiences, we use technologies like cookies to store and/or access device information. 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. 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. 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. 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. 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. Share Marks & Spencer Irish Business Strategy Report (Assessment) Exclusively available on IvyPanda Updated: Jul 28th, 2021 Business Strategy of M&S in Ireland Nowadays, M&S is known as a household name in the realm of the apparel and, recently, food industry. We do this through a network of 1,487 stores and 98 websites globally, and together, across our stores, support centres, warehouses and supply chain, our 65,000 colleagues serve over 30 million customers each year. This wont be easy. This means doing the right thing by the people who work with and for M&S: treating everyone fairly and with respect, taking a zero tolerance approach to discrimination and unacceptable behaviour, and building longstanding relationships with trusted suppliers so they can be partners in our success. During the year, we reset Plan A with a singular focus to be a net zero business by 2040. 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. 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. Our suppliers are operating in a tough environment, as they work through the Covid-19 recovery, while also navigating both geo-political uncertainty and market-wide inflationary pressures. C21.P5However, there are challenges associated with implementing new approaches to supply chain sustainability. Will a Sustainable Future for Agriculture Take Us Underwater? Marks & Spencer has pledged to cut its carbon footprint by a third by 2025 as part of its commitment to be fully net zero by 2040. Our Plan A Commitments 20102015, corporate.marksandspencer.com, March 2010, https://corporate.marksandspencer.com/plan-a/85488c3c608e4f468d4a403f4ebbd628. Achievements include becoming carbon neutral, sending no waste to landfill and sourcing 100% of the wild fish it sells from the most sustainable sources available.. 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. What does it mean to become a sustainable business and what steps must leaders take to integrate sustainability into their organization? This metric continues to help M&S achieve positive performance by promoting good relations with suppliers and customers. Weve now extended Plan A to 180 commitments to achieve by 2015, with the ultimate goal of becoming the worlds most sustainable major retailer.. A new logo has also been designed to run across its social channels to encourage customers to visit the hub. With the return of M&S's iconic "Look Behind the Label" campaign, we now have a platform to share the sustainability credentials of our products with customers, especially Sparks members. U.K. retailer aims to be net-zero in scope 3 emissions by 2040. It's crucial to me that this change is driven together with our supplier partners and customers. These sessions focus on areas of the performance scorecard in which suppliers experience difficulties. Five years ago, the UK retailer Marks and Spencer announced what it called Plan A, a commitment to tangible steps to make the company more sustainable. 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. Well also work with our suppliers to minimize food packaging write-offs.6. Its much less fuss, much more interactive and youll be helping 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. As a business thats been around since 1884, we know how important it is to look to the future. For this reason, M&S will once again be holding a fully digitally-enabled AGM for 2022. Firstly, it has identified 100 colleagues as Carbon Champions across roles in buying, sourcing and operations to drive net zero delivery. In March 2020 we launched our Brands at M&S platform, and today we sell over 40 complementary and curated brands on M&S.com. in time for next years report. India's Best Online Shopping Store for Menswear, Womenswear, Sleepwear, Lingerie, Loungewear,Home, Beauty Products, Accessories, Kid, and Baby Wear. 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. Sustainability is core to the M&S brand and our ESG framework brings together the individual business strategies into a shared programme to engage our customers and enable us to track and report on performance at Group level. The renewal programme takes existing M&S stores and invests in them so that they offer the efficiency of a supermarket and the soul of a fresh food market, showcasing the quality, value and freshness of its ranges.M&S has renewed 40 stores so far across the UK, delivering a bigger, better and fresher experience for customers across Food, with more in the pipeline for the year ahead.

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