U.K. retail giant Marks & Spencer has announced "Plan A," a businesswide £200m "eco-plan" which will have an impact on every part of M&S' operations over the next five years.
The 100-point plan means that by 2012 M&S will become carbon neutral, send no waste to landfill, extend sustainable sourcing, set new standards in ethical trading, and "help customers and employees live a healthier lifestyle," according to the company.
"Every business and individual needs to do their bit to tackle the enormous challenges of climate change and waste," explains M&S CEO Stuart Rose. "While M&S will continue to sell great quality, stylish and innovative products, our customers, employees and shareholders now expect us to take bold steps and do business differently and responsibly. We believe a responsible business can be a profitable business. We are calling this "Plan A" because there is no 'plan B'.
Rose continued: "M&S will change beyond recognition the way it operates over the next five years. We will become carbon neutral, only using offsetting as a last resort; we will ensure that none of our clothing or packaging needs to be thrown away; much of our polyester clothing will be made from recycled plastic bottles instead of oil and every year we will sell over 20 million garments made from Fairtrade cotton.
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