The Challenge with Retail
With recent figures showing that 66% of consumers surveyed consider environmental impact when making a purchase, sustainability is increasingly becoming a strategic priority for retail companies globally. While Covid-19 was the stress test that no organisation had foreseen, it also drove operational change and action, shining a light on new solutions and strategies to achieve financial, environmental and social stability.
There is still much work to be done, however, as while action to reduce climate impact across the retail sector has increased, only a few large retail organisations are successfully embedding sustainable practices across their operations. From luxury apparel and fast fashion to grocery stores, home improvement and personal care brands, responsibility for evolving and advancing the retail sustainability agenda lies across the full value chain, and involves necessary changes that are both complex and multi-faceted.
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Solutions for the Retail Sector
Our experts are dedicated to activating change throughout the whole consumer product ecosystem. We work with retail organisations worldwide, including 7 of the top 10 retailers in the Fortune 500, to identify and implement opportunities to drive systemic change while building business value, and to define and implement robust sustainability strategies.
Our experts also work with suppliers to improve their environmental and social performance, and collaborate with industry bodies to drive collective action.
The enablers we see as the strongest ways to drive sustainability progress in retail business:
- Technological advances in supply chain traceability, transparency and data collection
- Engaging and supporting suppliers to take climate action
- Industry collaboration to create solutions, drive sustainable product design and accelerate progress
- Educating the consumer on the sustainability impacts of their buying and product use decisions
Retail Team
We are the world’s leading purpose driven, digitally enabled, science-based activator. And always welcome inquiries and partnerships to drive positive change together.