Marks & Spencer claims that more than 75% of sustainability commitments under its ‘Plan A’ scheme have been achieved.
The retail giant says 139 of the 180 commitments have been achieved with a further 31 on schedule and the core determination to be carbon neutral and sending no waste to landfill has been maintained.
Its latest report says carbon emissions are down 23% and waste by 28% with an annual £135m delivered from efficiency savings and new business that would not otherwise be available to M&S without Plan A.
Chief executive Marc Bolland said the company could be proud of its efforts over the past six years since Plan A was introduced.
“It has made our business more sustainable and more engaging for our customers and employees. But we must continue to adapt and step up to the challenge of the world’s climatic and demographic changes”, he said.
“We have moved closer to our vision of M&S as a sustainable international multi-channel retailer, but we know that we still have a long way to go to make this a reality.”
Next week, around 1,200 people are expected to attend M&S’ Plan A Conference at the Wembley Conference Centre, including former US Vice President and environmental campaigner Al Gore. Topics under discussion include circular economy business models, supply chain transparency and how to bring innovation into large scale business operations.