Study shows retailers serious about green performance
Philadelphia Marks & Spencer, Tesco, Walmart, Target, and other big retailers are putting policies, management systems, and programs in place to drive higher environmental and social performance in their own organizations and across their supply chains, according to a new benchmarking study of the sustainability performance of major retailers.
The report — the second in Five Winds International’s three-part GreenBiz series about retailers’ rising role in sustainability — graphically ranks retailers’ environmental, social and governance practices and also provides strategic guidance for retailers and consumer-goods suppliers.
“The results show that big players in the sector are serious about improving performance,” explained Kevin Brady, Five Winds’ co-founder and director of strategic sustainability services. “And the level of activity and investments require to reach the level of performance we are seeing is an indication that sustainability will be a strategic priority within the sector for years to come.”
To shed some light on retailers’ performance, Five Winds’ benchmarked over 400 performance business practices, and the results show that the leading companies are “walking the talk” with comprehensive sustainability initiatives. The survey found that such companies as Tesco, Marks & Spencer, and Wal-Mart are differentiating themselves and setting best practices by branding their sustainability efforts, setting clear priorities, and establishing comprehensive implementation programs. Other retailers who want to claim leadership in sustainability will need to look holistically at these leaders’ efforts, according to the survey.
“Retailers can use the study results to inform their strategies and tactics, but the findings also have important implications for consumer goods suppliers who want to better understand their major trade partners’ sustainability efforts and align their product strategies,” said Libby Bernick, who leads Five Winds’ retail sector services.
The white paper, “Retail: A Sustainability Benchmark,” is available for download at GreenBiz.com and is part of Five Winds’ retail initiative developed to support brand managers and sustainability managers at consumer goods manufacturers.
Sears Holdings acquires additional shares of Sears Canada
HOFFMAN ESTATES, Ill. Sears Holdings announced that it has entered into agreements to purchase or cause a wholly-owned subsidiary to purchase a total of 18,660,880 common shares of Sears Canada Inc. at a price of C$30.00 per share from Pershing Square, L.P., Pershing Square II, L.P. and Pershing Square International, Ltd. The acquisition is scheduled to close on April 27.
The common shares to be acquired represent approximately 17.3% of the outstanding shares of Sears Canada. As a result of these agreements, Sears beneficially owns an additional 18,660,880 common shares and now beneficially own 97,341,670 common shares, representing approximately 90.4% of the outstanding shares of Sears Canada. Sears said it considers the purchases an attractive investment.
Sports Authority names SVP real estate
ENGLEWOOD, Colo. Sports Authority announced the promotion of Lon Novatt to SVP real estate, effective immediately. In this role, Novatt will continue to oversee all activities related to the company’s real estate initiatives.
“Lon has been overseeing our real estate function since October 2009 and has been doing an exceptional job of identifying new growth opportunities and managing our current store portfolio,” said Greg Waters, COO for Sports Authority. “This is a well-deserved promotion and we are looking forward to capitalizing on the knowledge and experience that Lon continues to bring in this role.”
Novatt joined Sports Authority in April 2007. Prior to that, he served as the senior real estate executive for National Stores of Gardena, Calif., and CSK Auto of Phoenix, Ariz.