customer loyalty, Environment, environmental, environmental impact, Ernst & Young, retail, Retail Sustainability, RILA member companies, RILA’s, sustainability, sustainability investments, Sustainable consumption, sustainable development
As we celebrate the upcoming Earth Day, we thought it would be great to look at interesting movement in the environmental space. Stay tuned for our article series titled “Earth Day Everyday” for stories, tips and trends related to sustainability and the environment.
“Sponsored by Ernst & Young, the 2013 Retail Sustainability Report examines activities and trends across RILA’s membership, and offers a detailed view of the industry’s adoption of sustainability programs, which strive for benefits from improved customer loyalty to decreased costs to more resilient supply chains. Data was drawn from survey responses by RILA member companies, which collectively represent more than 65,000 locations and $1 trillion in global revenue…
The survey uncovered six significant trends:
- Sustainability teams are growing.
- Most companies act on sustainability investments that expect a two- to three-year payback.
- Breadth of sustainability activities is increasing.
- Most retailers measure energy, fuel, material usage, and waste generation; more than 25 percent more will begin to measure code of conduct compliance, water usage, renewable energy generation, chemicals of concern and more over the next two years.
- Pressure for retail sustainability efforts is strongest from employees, competitors, and regulators.
- Certain identifiable attributes contribute to the growth and success of a retail sustainability program.”
Do you agree with these trends? Share your thoughts with us!