Sainsbury's Earns Industry-Leading Sustainability Score
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May 3, 2012
Sainsbury’s has been awarded the top spot in the retail sector by the FTSE4Good Index for its ambitious sustainability initiatives.
The score in the independent index evaluates participating businesses from around the globe against key social, environmental and governance practices. Sainsbury’s achieved an absolute score of 4.4 out of five, against a global sector average of 2.43, making it not only a leader in its sector but in the top tier of all participating businesses. The retailer also scored a five for its work on climate change.
“Last year we set out ambitious sustainability commitments in our 20 by 20 Sustainability Plan. This accolade is a great endorsement of the progress we’re already making,” said Stuart Wright, head of corporate responsibility.
Sainsbury’s published its 20 by 20 Sustainability Plan in October 2011, which is built into the company’ business strategy and sets out 20 targets to be achieved by 2020.
Initiatives include using carbon-saving technologies for new and existing stores that will drive down energy usage, thereby reducing energy costs. There is also an increased focus on providing customers with more British food as the company seeks to double the amount it currently sells.
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