Sustainability - and more specifically environmental, social and governance (ESG) - is a theme that’s having a considerable impact on retail organizations.
Today’s environmentally savvy consumers are demanding more sustainable products and seeking greater transparency about how goods are manufactured and distributed. Suppliers, partners and employees are also sitting up and taking notice of how serious retailers are about their corporate social responsibility.
In terms of how to advance sustainability across the organization, these four ideas were presented at Shoptalk:
- A company can’t manage what it doesn’t measure and track.
- Sustainability regulations are real and enforced.
- Everyone in the company has a role to play in regard to sustainability.
- Value chains drive accountability, making them a crucial part of any sustainability initiative.
The sustainability theme really resonates with us at Kin + Carta. We’re focused on balancing the triple bottom line of people, planet and profit - in fact, we became the first business on the London Stock Exchange to achieve B Corp Certification in 2021. Since then, we’ve made great progress in scaling our methodologies and skills to incorporate non-financial KPIs, Sustainable Development Goals, commitments and carbon-intensive practices into our clients’ solutions.
Kin + Carta is one of Microsoft’s most highly-trained partners for Microsoft Sustainability Manager (Microsoft’s proprietary GHG measurement tool). Data is central to greenhouse gas measurement and reporting, especially for large enterprises looking for full, accurate and auditable reporting. With our data chops, we help companies report now and develop a data strategy that will support them along their entire net-zero journey.
Also, by using the Carbon Software Intensity Specification designed by Microsoft-founded Green Software Foundation, we’re helping clients understand the sustainability benefits of every type of work we do. This supports our long term initiative to save clients 1,000,000 metric tons of CO₂ using data and technology by 2027 - this is particularly relevant to retail since it is such a high-emissions sector.
Want to learn how we can help your retail enterprise transform customer experiences, drive digital growth and establish operational excellence? Talk to our team about scheduling a free Zoom chat or remote workshop with one of our retail experts.