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Marks & Spencer and Wal-Mart are leading the retail sector’s green agenda

071106_retailreport07.jpgMarks & Spencer and Wal-Mart are driving the ethical agenda for the retail sector, according to a report published by Covalence, a Switzerland-based company operating an ethical quotation system. The Covalence Retail Industry Report 2007 refers to Marks & Spencer as a “proactive leader, appearing in many positive news items.” Wal-Mart is said to be a reactive leader. Having received much critical comment the company is making progress in the area of Corporate Social Responsibility (CSR). At the start of 2007 Marks & Spencer announced its Plan A, a 100 point five year eco-plan which covers five areas; raw materials, climate change, waste, fair partnering and healthy eating. Wal-Mart has also announced a number of CSR initiatives which included its “Preferred Chemical Principles” program, aimed at establishing a “clear set of preferred chemical characteristics for product ingredient.” The areas in which the retail sector, as a whole, has improved its reputation include; green or eco-options, labels on products and pushing suppliers to improve sustainability. Areas that are considered to remain problematic for the sector include pay differentials between the boardroom and shop floor staff and low wages in the supply chain. For an extract of the Covalence report visit see link above. > Continue. For more on Covalence visit:

Publication: Covalence in the News | Country: Global | Company: Aeon, Bed Bath & Beyond, Best Buy, Cardinal Health, Carrefour, Coles Myer, Costco Wholesale, CVS Corp, eBay, Gap Inc, Hennes & Mauritz, Home Depot, Inditex SA, Kingfisher, Kohl s Corp, Limited Brands, Lowe s Cos, Marks & Spencer, McKesson, PPR, Sears, Target Corp, Tesco, TJX Companies, Walgreen, Wal-Mart, Wesfarmers | Source: Chemical Retail News

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