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PwC found that 58% of FTSE 100 companies now link ESG measures to executive pay, which is more than a 30% increase year on year

FTSE 100 firms increasingly linking executive pay to ESG measures

New research from PwC has found that almost two-thirds of FTSE 100s now include some sort of environmental, social and governance (ESG) measure as part of executive incentive pay plans, up from less than half in 2020.

Retail associations will aim to get members signed up to Race to Zero

Retail giants launch Race to Zero accelerator to get more businesses targeting net-zero

Some of the biggest brands in the retail industry have launched a new accelerator pledge, urging other businesses in the sector to sign up to the UN's Race to Zero campaign and set and achieve 1.5C-aligned carbon reduction targets.

#SustyTalk: Kingfisher's Caroline Laurie on business, biodiversity and green finance

edie's #SustyTalk interview series continues with an exclusive discussion Kingfisher's head of responsible business and sustainability Caroline Laurie.

Each of the four founding retailers already has climate targets aligned with Race to Zero requirements - unlike 95% of the global sector. Image: Walmart

Race to Zero: Retailers forge new climate-focused collaboration

H&M Group, Walmart, Kingfisher and Ikea's parent company Ingka Group have launched a new initiative designed to help retailers collaborate in overcoming challenges on the transition to net-zero.

All three companies are aligning targets with the Paris Agreement pathways

Kingfisher, DS Smith and Turner & Townsend unveil science-based targets

Screwfix and B&Q's parent firm Kingfisher has had carbon reduction targets consistent with the required pace to limit global warming to the 1.5C target of the Paris Agreement approved by the Science Based Targets initiative (SBTi), while both packaging firm DS Smith and consultants Turner & Townsend have unveiled net-zero commitments.

Kingfisher is already working with partners including the Forest Stewardship Council, British Retail Consortium and the Rainforest Alliance to deliver its updated sustainability and community goals

Kingfisher enters £550m sustainability and community-linked loan

Screwfix and B&Q's parent firm Kingfisher has signed for a £550m revolving credit facility agreement (RCF) with interest rates linked to environmental and community targets.

Kingfisher’s role as a founding partner will be to support the implementation of Integrated Community Forest Management approaches. Image credit Rainforest Alliance

Kingfisher partners with Rainforest Alliance on 'forest positive' commitment

B&Q and Screwfix owner Kingfisher has announced a new partnership with the Rainforest Alliance that will help the corporate become "forest negative" by 2025.

The announcement for the BRC comes at a challenging time for the retail sector

UK retail sector pledges to reach net-zero emissions by 2040

More than 60 leading retailers, including Pret UK, Burberry, Sainsbury's and Missguided, have pledged to support a new collaborative roadmap to transform the sector and its supply chain to net-zero emissions by 2040.

Kingfisher is already working with the British Retail Consortium on forest protection and the net-zero transition

Kingfisher pledges to become 'forest positive' by 2025

B&Q and Screwfix owner Kingfisher has built on its overarching vision of becoming a 'net-positive' business with a 2025 commitment to create more forests than it uses.

Grocery, food-to-go and fashion retailers are particularly well-represented in the cohort

20 UK retailers to jointly plot course to net-zero ahead of national deadline

Boots, Next and Marks & Spencer (M&S) are among the 20 major retailers who have this week pledged to jointly develop a net-zero roadmap for the retail sector, with a target more ambitious than the national 2050 requirement.

In total, 9% of group sales are from products that help people have a healthy home or connect with nature

Kingfisher products improved customer energy efficiency by one-third last year

Home improvement retailer Kingfisher helped customers save an estimated 43TWh of energy - more than the annual consumption of Hong Kong - through energy efficient products such as LEDs and insulation.

(L-R): The SRA's development director Juliane Cailloutte-Noble; AB InBev’s global director of sustainability investments and accelerator Maisie Devine; IBM Global Markets’ vice president for marketing Caroline Taylor and Kingfisher's head of sustainability Caroline Laurie

Seven top tips for making your organisation a purpose-led business

As businesses start to redefine their role in society, purpose has become an essential part of any company's social licence to operate. Here, edie rounds up seven top tips from green economy leaders on finding and communicating your organisation's reason for being.

At its B&Q distribution centre in Swindon, Kingfisher currently sources 3.5MW of renewable energy for power

Kingfisher has emissions goals approved by Science Based Targets initiative

Home improvement retailer has had goals to reduce scope 1 and 2 emissions by 22% and emissions from purchased goods, services and the use of sold products by 40% approved by the Science Based Targets initiative (SBTi).

The chemicals will be removed from more than 1,300 Kingfisher-owned stores across Europe, including B&Q and Screwfix outlets in the UK

Kingfisher to phase-out 'harmful' chemicals across supply chain

Home improvement retailer Kingfisher will phase-out three potentially harmful chemical groups from its own branded products by 2025, with plans in place to extend the ban across its supply chain as part of the firm's Chemicals Roadmap.


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