Kingfisher Net Positive Report 2015
Kingfisher exists to help and inspire millions of people to improve their homes. We believe that because people’s homes are so central to their lives, improving their homes means improving their lives. We operate 1,200 stores in 11 countries in Europe and Asia. Our main retail brands are B&Q, Castorama, Brico Dépôt and Screwfix and we operate the Koçtas¸ brand, a 50% joint venture in Turkey with the Koç Group. Our core focus is to deliver value for customers, by improving our offer and developing innovative new products that meet their needs, in formats that are convenient, easy and relevant. As we create value for our customers, we will create growth for our business, which in turn will create value for our employees, communities and shareholders – we are completely committed to achieving growth in a sustainable way. Net Positive is our restorative ambition to fully integrate sustainability into our business to create value – financially, socially and environmentally. Our journey has begun. This report summarises our progress to date. There is still much to do.
Kingfisher’s latest Net Positive Report continues to tell a strong story with performance in key areas. Highlights include:
- > 92% of timber used in products responsibly sourced, delivering a 2016 milestone ahead of schedule.
- > New collaboration launched to demonstrate the positive impact of certification called VIA (Value and Impact Analysis), together with IKEA, Tetra Pak, supported by IDH (the sustainable trade initiative) and coordinated by ISEAL Alliance.
- > Customers to Kingfisher’s retail brands saved an estimated £600m off their energy bills through sales of energy-efficient products and services since 2011/12.
- > 22% of sales revenue from eco-products - products with a lower environmental impact - with innovative new product launches such as Respiréa paint which improves indoor air quality.
- > 17% saving in property energy intensity delivering a 2016 milestone ahead of schedule.
- > B&Q’s new store at Merthyr Tydfil is the first retail store in the UK to use a transpiring roof, which harvests heat from the sun to warm the store’s interior.
- > Women make up 40% of the Kingfisher Board.
Group Sustainability Director, Richard Gillies, said: “We’re driven to integrate sustainability into everything we do. To reach our restorative goals we will need to continue to do so at pace but with our new leadership team having reaffirmed their commitment to sustainability, together with our new strategic direction, I am confident we will be able to do just that.”
Sally Uren, Chief Executive of Forum for the Future and chair of the Kingfisher Advisory Council said: “The ambition is still bold, and performance is better. That’s the top line conclusion for me in reading this Net Positive Report.”
Download here Net Positive Report!
“New Chief Executive Officer, Véronique Laury said: Our business is built on a passion for helping people improve their homes and through doing so to improve their lives. Sustainability is core to our purpose because homes cannot be better without being more sustainable. Our long-term ambition is to create a positive impact in the wider world. We want to play our part in creating a society that is better for all. We can only do this by making sustainability part of every business decision we take. It is a great endeavour and I’m confident our new strategic direction for Kingfisher will enable us to achieve that.”