While many retailers wax endlessly about how they are “sustainable,” venerable United Kingdom-based
Marks & Spencer leads the pack. Now in its sixth year of its forward-thinking “
Plan A,” the
Marks & Spencer environmental and social responsibility plan will ramp up even more in the coming months.
How is M&S accomplishing this transformation? Products must have a “Plan A” quality, which can include the following groupings: fair trade, animal welfare, more healthful food, energy efficient manufacturing and sustainable raw materials. All in all, there are over
40 Plan A Qualities.
The result is that over 30 percent of M&S products sold stores worldwide have a minimum of one Plan A quality. The retailer has the goal of boosting that ratio to 50 percent by 2015. And
according to Environmental Leader, the annual number of items M&S sells that has an ethical or ecological quality above what the market considers the norm is now
one billion.
One’s gut reaction may be the sale of one billion of anything cannot be sustainable in the long run, but if one department store chain can prove that wrong it would be M&S. Over
21 million customers visit its stores weekly, and while FY2012 operating and before tax profits are down slightly from the previous year, total revenues, at $15.75 million (£9.9 billion) are up two percent over the same period. Plus M&S as a company is benefitting from the company’s dedication to sustainability that it first announced in 2007. Overall M&S estimates it has generated a $167 million (£105 million) benefit from its Plan A agenda, partly because of the 28% overall reduction in energy consumption the company has achieved since its 2006-2007 fiscal year.
Watch for that one billion figure to rise in the coming years as M&S commits to more ethical fashion with its participation in the
Better Cotton Initiative (BCI). While the sourcing of fair trade-certified cotton has been problematic for M&S, the company insists it is still on target to source 25 percent of its total cotton from BCI-certified suppliers by 2015 and 50 percent by 2020. Meanwhile sales of fair trade-certified foods continue to surge while companies within the M&S supply chain adopt more energy-efficient practices. Retailers that are still not convinced that a company in their space can aggressively tackle challenges related to sustainability and can still perform well should take more than a page out of M&S’ playbook. From
clothes recycling ("Scwopping") to social enterprise to green building, Marks and Spencer is keeping a pace its competitors cannot keep up with.
Published earlier this morning on Triple Pundit. You can follow Leon and ask him questions on Twitter.
Image credit: Marks & Spencer
About The Author
Leon Kaye
Leon Kaye is the founder and editor of GreenGoPost.com and its advisory division,
GGP Media.
Contact him to discuss how he can work with your organization or event.
His focus is making the business case for sustainability and corporate social responsibility (CSR).
He writes for San Francisco-based
Triple Pundit,
Inhabitat and now
The Guardian, for which he writes about corporate responsibility, water, and green building. He has also written for AIA's
Architect Magazine.
Leon works out of Fresno and Silicon Valley, California, and when he has free time, he enjoys hiking, gardening, cooking, weightlifting, and planning his next trip to one of the 60 countries he has visited. He has an MBA from USC's Marshall School of Business and is also a proud graduate of the University of Maryland-Baltimore County (UMBC) and Cal State-Fresno.
While many retailers wax endlessly about how they are “sustainable,” venerable United Kingdom-based Marks & Spencer leads the pack. Now in its sixth year of its forward-thinking “Plan A,” the Marks & Spencer environmental and social responsibility plan will ramp up even more in the coming months.
How is M&S accomplishing this transformation? Products must have a “Plan A” quality, which can include the following groupings: fair trade, animal welfare, more healthful food, energy efficient manufacturing and sustainable raw materials. All in all, there are over 40 Plan A Qualities.
The result is that over 30 percent of M&S products sold stores worldwide have a minimum of one Plan A quality. The retailer has the goal of boosting that ratio to 50 percent by 2015. And according to Environmental Leader, the annual number of items M&S sells that has an ethical or ecological quality above what the market considers the norm is now one billion.
One’s gut reaction may be the sale of one billion of anything cannot be sustainable in the long run, but if one department store chain can prove that wrong it would be M&S. Over 21 million customers visit its stores weekly, and while FY2012 operating and before tax profits are down slightly from the previous year, total revenues, at $15.75 million (£9.9 billion) are up two percent over the same period. Plus M&S as a company is benefitting from the company’s dedication to sustainability that it first announced in 2007. Overall M&S estimates it has generated a $167 million (£105 million) benefit from its Plan A agenda, partly because of the 28% overall reduction in energy consumption the company has achieved since its 2006-2007 fiscal year.
Watch for that one billion figure to rise in the coming years as M&S commits to more ethical fashion with its participation in the Better Cotton Initiative (BCI). While the sourcing of fair trade-certified cotton has been problematic for M&S, the company insists it is still on target to source 25 percent of its total cotton from BCI-certified suppliers by 2015 and 50 percent by 2020. Meanwhile sales of fair trade-certified foods continue to surge while companies within the M&S supply chain adopt more energy-efficient practices. Retailers that are still not convinced that a company in their space can aggressively tackle challenges related to sustainability and can still perform well should take more than a page out of M&S’ playbook. From clothes recycling ("Scwopping") to social enterprise to green building, Marks and Spencer is keeping a pace its competitors cannot keep up with.
Published earlier this morning on Triple Pundit. You can follow Leon and ask him questions on Twitter.
Image credit: Marks & Spencer
