Sceptre International Group Limited News – John Lewis group to cut absolute CO2 emissions by 15%

The John Lewis Retail Group has made a commitment to slash its absolute CO2 emissions by 15 percent by 2020.

Progress on the reduction will be monitored internally each month, with an annual report on progress being made available to the public.

Currently the retailer owns 32 John Lewis department stores and more than 200 Waitrose supermarkets, although plans are to double in size in the next decade.

The goal for an absolute cut in emissions mean despite this the company will still have to cut its CO2 emissions by 15 percent on its 2010/2011 baseline figure.

Charlie Mayfield, John Lewis Partnership chairman, said the target is one which will “stretch and challenge the business” but stressed the focus on reducing its environmental impact is not a new one.

Work on reducing the amount of CO2 produced will be done in partnership with the East Cowes Waitrose Energy Centre, due to be completed later this year.

“They’ll be a driving force in this initiative,” Mr Mayfield said.

John Lewis also owns a production facility and a farm, achieving a turnover of £8.2 billion last year.

source: www.lowcarboneconomy.com

Sceptre International Group Limited opened its carbon trading desk in the third quarter of 2010.
At Sceptre, we have partnered with key companies within the carbon market to offer our clients the best quality credits available in both the voluntary and compliant markets. Sceptre is a  member of the Carbon Trade Exchange in London which has develped the world’s largest electronic spot trading platform for voluntary markets. The demand for these voluntary offsets, fuelled by corporate commitments to become “carbon neutral,” is growing rapidly.

For more information, contact us at www.sceptreinternational.com

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