Today, the Retail Industry Leaders Association (RILA) released the 2015 Retail Sustainability Management Maturity Matrix, a tool for retail sustainability executives to identify possible pathways to strong environmental sustainability programs. The Matrix, co-developed by RILA and Deloitte Consulting LLP, represents the collective knowledge of many industry experts as to leading sustainability management practices.
The Matrix is divided into seven sections, including: Strategy & Commitment, People & Tools, Visibility, Retail Operations, Supply Chain, Products, and Environmental Issues. Each section documents business practices to help retailers determine the maturity of their sustainability programs. Stronger sustainability programs can lead to improved financial performance, better brand reputation, and other critical business benefits for retailers. In addition, the Matrix provides benchmarks and guidelines for achieving improved sustainability performance.
"The Retail Sustainability Management Maturity Matrix guides retailers through every dimension of their sustainability program, from initial development, to meeting the standard considerations, to a leading-class performance. Further, it documents 'next practices' to signal the future direction of leading companies," said Adam Siegel, vice president, sustainability & retail operations. "We see this as a great opportunity to help retailers measure the sustainability performance of their operations, products, and supply chains, and to tell the industry's story."
RILA will use the Matrix to benchmark the industry in 2015 and beyond via an online survey. The results will be used to determine the industry's priorities, dictating the topics of focus for RILA events, calls, and the annual Retail Sustainability Conference. RILA will also produce custom reports for survey respondents, and an industry report with aggregate learnings.
"Deloitte and RILA are committed to industry-wide progress in sustainability and this Matrix will allow retailers to view that process from every angle, and provide them with tangible next steps in their sustainability efforts," said Kyle Tanger, Sustainability Director, Deloitte Consulting LLP.
The complete Matrix can be found here.
The Matrix and other critical retail sustainability tools will be showcased at RILA's annual Retail Sustainability Conference on September 15 to 18 in Austin, TX. The Retail Sustainability Conference is the only event devoted to issues of sustainability and environmental compliance specifically for the retail industry, bringing together representatives of all major retailers, consumer product segments, and valued solution providers. Learn more at www.RILA.org/rsc.
RILA is the trade association of the world's largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.