This Earth Day, we’re excited to offer a preview of what’s blossoming in sustainable returns practices in the retail sector. Our survey, in collaboration with Supply Chain Brain, gathered insights from over 250 U.S. retailers, painting an inspiring picture of the industry’s greener future. We're seeing a 9% uptick in BORIS returns from the previous year, reflecting a conscious effort to cut carbon emissions. Investments are sprouting too, with 73% of retailers nurturing their reverse supply chains and 41% planting $1-5 million into sustainable returns. Consumer mindsets are growing greener with 49% of retailers reporting a spike in customers choosing second-hand, and the once-prevalent stigma around refurbished goods diminishing. Stay tuned for the complete goTRG & SCB Sustainability Survey Report, which will be featured in SupplyChainBrain's ESG issue coming out this May. Together, we’re cultivating a sustainable future—one return at a time. Happy Earth Day! 🌎 🌳 🌊 ♻ #EarthDay #Sustainability #RetailInnovation #CircularEconomy #SurveyStatistics #SupplyChainBrain #goTRG #RetailReturns
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Did you know the retail industry is one of the world's top 10 carbon-intensive industries? The industry accounts for roughly 25% of global greenhouse gas (GHG) emissions. Most of these emissions come from the extensive retail value chain, accounting for up to 98% of a retailer's total emissions. Consumers, especially Gen Z and Millennials, increasingly prioritise sustainability and are willing to pay premiums for sustainable products. This shift is evidenced by a growing trend of consumers verifying sustainability claims and abandoning brands that fail to demonstrate environmental responsibility. The journey towards decarbonisation is complex, incorporating transparency, technological innovation, and strategic partnerships. By prioritising these areas, retailers can mitigate their environmental impact and position themselves as sustainability leaders. Want to learn more about transforming your operations sustainably by embracing sustainability and leveraging cutting-edge decarbonisation strategies? Click here: https://lnkd.in/e-FMuHnr #Sustainability #Decarbonisation #RetailIndustry #EnvironmentalResponsibility #PlanA #DecarbonisationByPlanA
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The retail landscape 🛒 has evolved rapidly in response to climate change ♻️, with consumers demanding greater transparency and sustainable sourcing. But in navigating the transition to a low carbon economy, 3️⃣ main stakeholders are involved, namely investors, governments, and vendors themselves. This is how. ↘️ The move towards a low-carbon economy has significant opportunities for innovation through green technologies and sustainable practices. By doing so, retailers can attract investment, boost competitiveness, and thrive. Read more on how in the article in the comments. 👇 👇 👇 #Sustainability #RetailInnovation #ClimateChange #GreenEconomy
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Discover how retailers are stepping up their sustainability game to meet the demands of consumers and investors. Find out why it's no longer just an option, but a necessity for success in today's climate-conscious world. Read the paper now. #ESG #retail
Climate transition planning
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Discover how retailers are stepping up their sustainability game to meet the demands of consumers and investors. Find out why it's no longer just an option, but a necessity for success in today's climate-conscious world. Read the paper now. #ESG #retail
Climate transition planning
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Discover how retailers are stepping up their sustainability game to meet the demands of consumers and investors. Find out why it's no longer just an option, but a necessity for success in today's climate-conscious world. Read the paper now. #ESG #retail
Climate transition planning
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Discover how retailers are stepping up their sustainability game to meet the demands of consumers and investors. Find out why it's no longer just an option, but a necessity for success in today's climate-conscious world. Read the paper now. #ESG #retail
Climate transition planning
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Helping A Lot... Save A Lot's latest ESG report recaps progress in improving experiences for shoppers, retail partners, team members and communities: https://ow.ly/8HVA50RgF0G #foodretail #savealot #retailnews
Save A Lot's ESG Report Outlines Progress in Creating Sustainable Business Model
progressivegrocer.com
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🌿 Retailers are embracing sustainability to meet consumer and investor demands. Find out why it's crucial for success in today's climate-conscious world. Read the paper now. #ESG #Retail #Sustainability
Climate transition planning
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Despite growing awareness and importance of ESG (Environmental, Social, and Governance) factors, confusion and inertia still exists among consumers, manufacturers, and retailers. This is due to unclear responsibilities, a lack of understanding about impactful actions, and the presence of barriers with few perceived rewards for ESG-related activities. Our latest publication 'Shifting Shoppers’ ESG Attitudes to Action' helps you understand: Your responsibilities – as a retailer/manufacturer, and shopper, in creating a better world for people and planet How Ipsos’ ‘Me – My World – The World’ framework can help your brand better align with shoppers’ needs How authenticity and relevant information can incentivise shoppers to change behaviours and shift from attitude to action Read it here: https://lnkd.in/eKU34r6j
Shifting Shoppers’ ESG Attitudes to Action
ipsos.com
