A report released by Marks & Spencer (M&S) has shown that the UK retail group is making progress in its 'Plan A' eco and ethical initiative that was first launched in 2007.
In the annual overview, the company noted that food packaging had been reduced by 20 per cent and energy efficiency in stores was up 19 per cent, while 417m fewer carrier bags were used over the course of 2009/10.
Additionally, over £50m (€60.5m) of profit had been reinvested back into the business, M&S said in its annual 'How We Do Business' report.
Of the original 100 commitments laid out in 2007, 62 have already been achieved, with a further 30 on target to be completed by 2012 and seven currently behind plan as a result of 'unexpected challenges'.
'Plan A is making a real difference to the environment and for our customers, employees and people working in our supply chains,' said M&S chairman Sir Stuart Rose. 'We've introduced products and services to help customers live more sustainable, increased our contribution to local communities and, this year, generated £50m additional profit which has been invested back into the business.
'We have made excellent progress but there is no time to stand still,' Mr Rose added. 'It is clear that evidence of environmental damage and social inequality has increased since we launched Plan A.
'That's why we're now pushing ahead with our new, bigger and bolder version of Plan A with 80 new commitments and the ultimate goal to become the world's most sustainable retailer by 2015.'
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