Kingfisher plc published its 2012 Corporate Responsibility Report on 25 June 2012. The report can be viewed online at www.kingfisher.com/netpositive.
In March 2012, Kingfisher announced a new sustainability ambition called Net Positive. This groundbreaking new strategy will take the business through to 2020 and beyond, with the aim of having a net positive impact on the world in which Kingfisher operates. Becoming ‘Net Positive’ means that Kingfisher commits to put back more than it takes out as a business. It’s about doing more good, not just less harm. Kingfisher believes Net Positive can be a powerful business driver and deliver significant returns, particularly by securing increasingly scarce resources on which the business depends.
Net Positive builds on Kingfisher’s great tradition of responsibility and a proud history in sustainability. Kingfisher’s Group Chief Executive, Ian Cheshire, who was recently voted the Guardian Sustainable Business ‘Leader of the Year’ 2012, explains the thinking behind Net Positive in his video introduction to the CR Report.
Kingfisher’s four priorities
Kingfisher’s Net Positive strategy focuses on four priorities:
- Kingfisher’s aspiration: to create more forest than it uses.
- 2011/12 progress: 86% of reported timber products sold (by volume) from proven well-managed or recycled sources.
- Kingfisher’s aspiration: to make every home zero carbon or, where possible, a net energy producer.
- 2011/12 progress: In 2011, customers saved an estimated 2,513 million kWh of energy through the use of energy-efficient products and services. This is equivalent to creating 130,898 energy-efficient homes.
- Kingfisher’s aspiration: to ensure that every product is remade, recycled, reused or biodegradable.
- 2011/12 progress: A number of closed-loop research projects have been embarked on. B&Q UK is working closely with the Ellen MacArthur Foundation to understand ways to move towards a circular economy, building on its role as a founding corporate partner.
- Kingfisher’s aspiration: for every store and location to support local community groups and equip people with skills.
- 2011/12 progress: Kingfisher is engaged in a wide range of initiatives to help build skills within local communities: from Brico Dépôt France providing DIY skills for unemployed people, to B&Q China helping modernise school libraries.
Kingfisher’s CR Report provides further details on its four key priorities. It also includes progress against the Group’s 50 targets – the Foundations – which run up until 2020 and support the Net Positive strategy. A more detailed scorecard on progress towards Net Positive will be published later in 2012.
The CR Report is subject to an independent review by a Stakeholder Panel of experts and Ernst & Young have provided data assurance.