Fewer than 20% of retailers on track to meet sustainability targets

Fewer than 20% of retailers are on track to meet their sustainability targets, according to the Boston Consulting Group.

The consultancy surveyed 37 major retailers around the world with annual sales of between $1 billion to $500 billion, including grocers, fashion retailers and those selling homewares and electronics, for its Sustainability In Retail Is Possible – But There’s Work To Be Done report, unveiled today at World Retail Congress.

Although it found that there was widespread understanding of the competitive advantages to winning in sustainability, it illustrated a disconnect between retailers’ bold ambitions and their progress on their sustainability journey.

Only a select few had reached the stage where they could claim sustainability was core to the company’s strategy, decision making, and value creation, according to the research.

Retail Gazette