Top companies have spent less this year than last on the social and environmental impact of their businesses, including waste and recycling issues, according to a new survey.
The Giving List, organised by The Guardian, is an annual social survey of stock market-listed companies. It revealed that the top 100 companies in the UK spent 0.79% of their pre-tax profits measuring and mitigating the social and environmental impacts of their businesses down 0.87% on last year.
Sainsburys topped the list, having earmarked 7% of its pre-tax profits for social and environmental affairs. This year the supermarket has made several high-profile environmental moves. These have included introducing recycled-content carrier bags and compostable packaging for its organic and ready meal ranges. Last week, in conjunction with the Arts Council England, it launched a limited-edition range of reusable bags designed by leading artists in a bid to make them more alluring and desirable to customers.
According to The Guardian, every company in the FTSE 100 now produces a corporate responsibility report, but an investigation by the Giving List has revealed that of the worlds 10 biggest corporations only four have published strategies for reducing their carbon footprints.
The Giving List, organised by The Guardian, is an annual social survey of stock market-listed companies. It revealed that the top 100 companies in the UK spent 0.79% of their pre-tax profits measuring and mitigating the social and environmental impacts of their businesses down 0.87% on last year.
Sainsburys topped the list, having earmarked 7% of its pre-tax profits for social and environmental affairs. This year the supermarket has made several high-profile environmental moves. These have included introducing recycled-content carrier bags and compostable packaging for its organic and ready meal ranges. Last week, in conjunction with the Arts Council England, it launched a limited-edition range of reusable bags designed by leading artists in a bid to make them more alluring and desirable to customers.
According to The Guardian, every company in the FTSE 100 now produces a corporate responsibility report, but an investigation by the Giving List has revealed that of the worlds 10 biggest corporations only four have published strategies for reducing their carbon footprints.
You might also like...
MPs say sustainability must be forced on fashion industry
Compliance with WRAP’s Sustainable Clothing Action Plan should be compulsory for all large retailers because voluntary approaches to fashion industry sustainability have failed.
Inquiry launched into plastic food and drink packaging
MPs on the Environment, Food and Rural Affairs Committee have launched an inquiry into plastic packaging for food and drink.
Biffa buys SWRnewstar in £25m deal
Biffa has bought SWRnewstar from a group of investors for £25.8m.
Wales grants £1m of landfill tax funding to community schemes
The Welsh Government has announced a list of community environment projects to be supported by a £1m fund raised by devolved landfill tax revenue.
Have your say
You must sign in to make a comment
Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.