It's no secret that the retail industry is undergoing a period of immense change. Companies are having to adapt to changing consumer habits, but they're also proactively making changes internally to ensure company resiliency and longevity. One growing component of this transformation is increased investment in sustainability programs. Now, more than ever, retailers are leveraging sustainability as a catalyst for innovation in their operations, service offerings, and products. We at RILA consider ourselves a partner in this journey and are committed to helping our member companies accelerate their sustainability programs.
The 2017 Retail Sustainability Management Report released this week serves as a cornerstone of these efforts in helping retailers understand how they compare to others in the industry, and how they may want to progress in the future. Last released in 2015, the new report highlights the strides retailers have made over the last two years in fulfilling past goals, committing to additional goals, and honing their overall approaches to sustainability.
By breaking down an effective retail sustainability program into 30 dimensions, retailers can use the report to track their progress along each category, identify the highest leverage opportunities for improvement, and benchmark their program's maturity against peer companies.
This report is the result of an online survey disseminated to RILA members in March of 2017, which yielded responses from 31 retail companies, representing more than 30,000 locations and $600 billion in global revenue.
Access the full 2017 Retail Sustainability Management Report here. For questions or to learn more about RILA's sustainability program, please contact Erin Hiatt.