Oliver Wyman
Climate Impact & Sustainability Data (2014)
Reporting Period: 2014
Environmental Metrics
ESG Focus Areas
- Sustainability
Environmental Achievements
- Coop Group's private-label sustainability brands and quality labels reached $2 billion in sales (more than 18% of its food revenues).
- Marks & Spencer generated more than $168 million in net benefits by reducing packaging, decreasing landfill waste, improving transport, and adopting energy efficiency initiatives.
Climate Goals & Targets
Environmental Challenges
- Retailers fail to incorporate sustainability into daily decision-making.
- Retailers can't manage what they don't measure; difficulty in understanding the financial impact of sustainability initiatives.
- Insufficient data to disentangle the link between improving a company's ecological footprint and its economics.
Mitigation Strategies
- Establish a clear strategic plan with continuous top-level support.
- Increase transparency by measuring the ecological and social footprint of products and operations.
- Define quantified, operationalized objectives for functions and individuals.
- Incorporate sustainability into daily decision-making in a dispassionate, transparent, and quantitative way.
- Measure detailed and quantified results against set targets.