Magazine article New Zealand Management

JUST GOOD BUSINESS BUZZ : M&S Takes Sustainability Lead

Magazine article New Zealand Management

JUST GOOD BUSINESS BUZZ : M&S Takes Sustainability Lead

Article excerpt

A bold new bid by Marks and Spencer (M&S) to become the worlda[euro]s most sustainable retailer by 2015 sends an important signal to New Zealand businesses in the export supply chain.

The UK retailer is launching 80 major new commitments under a new eco and ethical plan. Amongst other things, it will involve:

a[euro]cents converting 2.7 billion food, clothing and home items to meet the plana[euro]s sustainability standards;

a[euro]cents encouraging 21 million customers to live more sustainable lifestyles;

a[euro]cents ushering in liveable wages at clothing supplier factories in Bangladesh, Sri Lanka and India;

a[euro]cents training and education programmes a[euro]" including in basic healthcare and workersa[euro] rights a[euro]" for 500,000 workers in suppliersa[euro] factories;

a[euro]cents encouraging 10,000 food-supplying farmers to adopt a sustainable foods programme;

a[euro]cents launching an incubator fund to support the development of innovative new products and services worth about $150 million; and

a[euro]cents offering free home insulation and energy monitors to all eligible employees as well as giving them one paid day off a year to work in their local communities. …

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