SUSTAINABLE BUSINESS

Sustainable business

Sustainable business

Introduction

Marks & Spencer, the British retailer that launched in 2007 its “Plan A” which contains 180 targets to be met between 2015 and 2020, do not get a very good note. If the company passes in an annual report that has already served 62 of the 180, something does not seem to square. Today the concept of Eco-friendly policy has been imposed on the world stage. While recognizing that the state is responsible for defining and implementing public policies that set the course when and where the complementary efforts of other sectors, it is also assumed the difficulty of modern states to resolve the growing size and complexity current issues that affect the various sectors, especially those with fewer resources, are left out of the benefits of modernity Schwartz, 2003, 503).

Marks and Spencer has developed and implemented a multilateral Eco-friendly approach that can address the need to correct and repair the damage that has been done. However, simultaneously it is essential for the Marks and Spencer to manage and maintain enough space for the modernization which will help in facing the challenges. Therefore, it is imperative for the Eco-friendly policy to take the confidence of employees and reassure them that the Marks and Spencer has gone through a phase of change. However, it is observed that this phase is nothing more than a temporary setback and not an indication of a change in the company's approach towards its employees or its working philosophy. The Eco-friendly policy of Marks and Spencer will have to address all of these areas. It is essential to realize that a number of areas have been influenced as a result of this incident (Husted, 2000, 24).

Research Question

How eco friendly is Marks and Spencer's policy compared to other companies?

What are the Eco-friendly policies of Marks and Spencer?

What is the impact of business ethics polices of Marks and Spencer on stake holders?

Literature review

Marks and Spencer company is the biggest retail company around the world. This company is known in selling products and also rendering services to the community. These include food items, clothes, home and kitchen appliances and also financial services. Over the years, they have been faced by so many challenges. These brought about the implementation of a particular method to tackle these problems. This method they called the “PLAN A”. Since this plan was implemented in 2007, M&S have been able to tackle their problems to an extent. Currently, they are being faced by so many challenges; one of which is the full implementation on the following:

Climate change.

Waste.

Natural resources.

Fair partnership.

Health and wellbeing.

Climate change

According to Marks and Spencer's annual report, greenhouse gases are being produced by the activities of the humans everyday; making the earth warm and causing serious damage to the globe. This CO2 problem is being met by the reduction of carbon dioxide into the atmosphere. This is done by neutralizing carbon in all their offices, businesses, stores, logistics and warehouse. other ways of tackling this is the reduction of carbon dioxide products, ...