Climate Change Data

B&M European Value Retail S.A.

Climate Impact & Sustainability Data (2022, 2023, 2024)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:1,491,137 tCO2e
Scope 1 Emissions:51,108 tCO2e
Scope 2 Emissions:45,649 tCO2e
Scope 3 Emissions:1,394,380 tCO2e

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced the intensity of Scope 1 and 2 emissions in the B&M UK business by >50% over the past five years.
  • Reduced total GHG emissions by 12.3% year-over-year.
  • 99.8% of all Group packaging recycled.
  • 25% of B&M UK stores fitted with LED lighting.
  • 44% of B&M UK stores fitted with BEMS.

Social Achievements

  • Created over 650 new retail jobs in the UK.
  • Awarded discretionary bonus of an additional week's pay to over 24,000 colleagues.
  • Headline sponsor for Mission Christmas, raising £13.8m in gifts and vouchers.
  • 91 colleagues promoted via "Step Up" training programme.
  • 86% of store management roles promoted internally.

Governance Achievements

  • Published first ESG and TCFD reports.
  • Appointed first Sustainability Manager.
  • Reached Hampton Alexander target of at least 33% female representation on the Board.
  • Complied with the Parker Review ethnic diversity target.
  • Embedded ESG governance into existing governance framework.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2040.
Medium-term Goals:
  • Develop Net Zero pathway.
Short-term Goals:
  • Continue store growth plan.
  • Rollout energy saving schemes (LED lighting and BEMS).

Environmental Challenges

  • Global supply chain disruption.
  • HGV driver shortage in the UK.
  • Increasing climate-related regulation.
  • Growing stakeholder expectations regarding ESG.
Mitigation Strategies
  • Initiated consolidated 'backhaul' deliveries.
  • Introduced a "Warehouse to Wheels" training programme.
  • Implemented energy saving schemes (LED lighting, BEMS).
  • Developed enhanced ESG reporting and disclosures.
  • Appointed a Sustainability Manager.

Supply Chain Management

Responsible Procurement
  • Social compliance reports from overseas suppliers.
  • Collaboration with suppliers to minimize packaging.
  • Engagement with suppliers on sustainable products.
  • Use of Multi-lines International Company Ltd for sourcing and vetting.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (e.g., flooding)
  • Long-term chronic risks (e.g., sea-level rise)
  • Increased energy costs due to rising temperatures
Transition Risks
  • Policy and legal changes
  • Technological changes
  • Reputational risks
  • Market shifts (increased cost of energy and raw materials)
Opportunities
  • Development of energy-efficient products and technologies

Reporting Standards

Frameworks Used: GRI, TCFD, SBTi, ESOS, SECR

UN Sustainable Development Goals

  • SDG 13 (Climate Action)

Environmental strategy focuses on reducing carbon footprint.

Awards & Recognition

  • Princess Royal Training Award for Kickstart initiative

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1,477,678 tCO2e/year
Scope 1 Emissions:53,242 tCO2e/year
Scope 2 Emissions:37,827 tCO2e/year
Scope 3 Emissions:1,386,609 tCO2e/year
Total Energy Consumption:461,159 MWh/year
Carbon Intensity:Improved year-over-year intensity ratio for Scope 1 & 2 emissions.

ESG Focus Areas

  • Governance
  • Economic & Innovation
  • Environment
  • Social

Environmental Achievements

  • Reduced Scope 2 emissions by 17% compared to FY22.
  • 614 B&M UK stores with LED lighting installed.
  • 610 B&M UK stores with BEMS installed.
  • 99.8% of all Group packaging recycled.

Social Achievements

  • 261 colleagues promoted via “Step Up” training programme.
  • 79% of B&M UK store managers and deputy store managers promoted internally.
  • Created over 1,250 new retail jobs in the UK and France.
  • Ongoing support for local and national charitable initiatives.

Governance Achievements

  • Established relevant metrics and targets aligned with ESG strategy.
  • Strengthened Sustainability team by recruiting a Sustainability Coordinator.
  • Implemented ESG-related targets in executive annual incentive plans.
  • Embedded ESG governance into existing governance framework.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2040 for Scopes 1, 2 and 3.
Medium-term Goals:
  • Reduce Scope 1 and 2 carbon emissions by 25% by 2030.
  • Engage with 67% of suppliers (based on spend) to set science-based targets by FY27.
  • Achieve 80% B&M UK stores with BEMS installed by FY27.
  • Achieve 100% B&M UK stores with LED lighting by FY27.
Short-term Goals:
  • Improve data collection processes across all environmental indicators.

Environmental Challenges

  • Supply chain disruptions.
  • Physical risks from climate change (extreme weather, flooding, sea-level rise).
  • Transition risks associated with decarbonization (policy, legal, technology, reputation, market).
Mitigation Strategies
  • Developed alternative sourcing strategies.
  • Implemented energy efficiency initiatives (LED lighting, BEMS).
  • Developed a transition plan for Net Zero by 2040.
  • Consolidated backhaul deliveries to reduce mileage.
  • Invested in double-decker trailers to increase transport efficiency.

Supply Chain Management

Supplier Audits: ESG supplier questionnaire sent to top 30 suppliers (41% of spend). Social compliance audits outsourced to Multi-lines.

Responsible Procurement
  • Ethical business practices and fair treatment of workers.
  • Use of sustainable or recycled materials.
  • Fair payment of suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Flooding
  • Sea-level rise
Transition Risks
  • Policy and legal changes
  • Technological changes
  • Reputational risks
  • Market shifts

Reporting Standards

Frameworks Used: GRI

UN Sustainable Development Goals

  • SDG 13 (Climate Action)

Environmental strategy aligns with SDG 13 through carbon reduction targets and initiatives.

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:1,359,278 tCO2e/year
Scope 1 Emissions:56,861 tCO2e/year
Scope 2 Emissions:43,123 tCO2e/year
Scope 3 Emissions:1,259,295 tCO2e/year
Carbon Intensity:18.28 tCO2e per £m revenue

ESG Focus Areas

  • Climate Change

Environmental Achievements

  • Reduced total Scope 1, 2 and 3 emissions by 19.7% compared to FY21 baseline.
  • Reduced Scope 1 and 2 emissions by 1.3% compared to FY21 baseline.
  • Reduced Scope 3 emissions by 9% between FY23 and FY24.
  • 99.8% packaging waste recycled.

Social Achievements

  • Established an executive ESG committee.
  • Linked executive directors' remuneration to ESG metrics.
  • ESG-related target in executive management team's annual incentive plan.

Governance Achievements

  • Integrated climate governance into existing governance processes.
  • Held Board training session on climate change, TCFD, ESG and net zero.

Climate Goals & Targets

Long-term Goals:
  • Net zero Scope 1, 2 and 3 emissions by 2040 (90% reduction, 10% offset).
Medium-term Goals:
  • Continued rollout of energy-efficient technologies (LED lighting, BeMs).
Short-term Goals:
  • 25% reduction in absolute Scope 1 and 2 emissions by 2030 (from FY21 baseline).
  • 67% of suppliers (by spend) to set science-based targets by 2027.

Environmental Challenges

  • Transition risks (policy & legal, market, uncertainty in market risks, stakeholder concern, costs to transition to lower emissions technology, costs to transition to lower emissions products).
  • Physical risks (increased severity of flooding).
Mitigation Strategies
  • Recycling initiatives, engaging with suppliers, investing in high power generators, continually reviewing supply chain routes, suppliers and energy saving opportunities, publishing ESG and TCFD disclosures, energy efficiency and generation projects, rollout of LED lighting, site surveys to evaluate energy-saving opportunities, investing in low-emission technologies, introducing carbon-friendly packaging, reducing waste, engaging with suppliers to reduce packaging weight and materials, conducting site-specific flood risk assessments, annual climate scenario analysis.

Supply Chain Management

Supplier Audits: Engaged with 100 suppliers (61% of spend).

Responsible Procurement
  • Supplier engagement to reduce emissions and improve sustainability.

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding
Transition Risks
  • Policy and legal changes, market disruptions, increased stakeholder concern, costs of transitioning to lower-emission technologies and products.
Opportunities
  • Use of energy-efficient technology, use and installation of low-emission energy technology.

Reporting Standards

Frameworks Used: TCFD