Let’s take a look at the David Lloyd sustainability plan. There doesn’t seem to be anything about sustainability on their homepage, but if you go into the ‘About Us’ section and scroll down, you’ll find something on environment, social and governance (ESG). However when you click on it, there’s nothing about social governance, it is just about Net Zero. It would be beneficial for them to provide more information on their efforts in the social and governance areas. But that notwithstanding, at least they’ve got something so it’s a step in the right direction.
So what have they done so far?
The company has implemented a CO2 cap of 129 grams for its company cars by introducing hybrid vehicles. The government has set a maximum CO2 threshold to encourage the use of electric vehicles, so the company has also included a number of fully electric and hybrid vehicles in its fleet. The company has also installed EV chargers. They also mention LED lighting and renewable energy – however these are pretty standard features in a company’s operations so not much merit can be given here. The company also participates in a cork recycling scheme, which turns cork into a mush that is used to enrich soil for trees and plants as well as recycles pallets and string wrap.
What isn’t so clear from their plan?
What is not clear from the information provided is if they also address waste management and recycling of materials such as cardboard boxes, which are frequently used in the wine industry. So to summarise, they have implemented initiatives such as electric cars, LED lighting, and renewable energy as part of their commitment to taking their responsibilities seriously. The company also engages in some recycling efforts, including recycling pallets and participating in a cork recycling program. However, this is not entirely convincing enough to back up their statement that they take their responsibilities seriously.
The company’s sustainability report lacks specific numbers, such as scope one, two, and three analysis, and does not contain any hard targets or a commitment to achieving net zero emissions. The report also does not contain a detailed discussion of the company’s environmental and social values. The environmental section of the company’s financial report only includes a brief mention of the company’s total energy consumption and the associated carbon dioxide emissions, which appears to be the minimum legally required information.
Despite searching the company’s retail and corporate websites and financial reports, it appears that there is limited information available about Majestic Wine’s sustainability efforts. The company, which has 200 stores and a turnover of 377 million pounds, has not published a comprehensive sustainability report or provided detailed information about its environmental and social values. It is unclear if any additional information is available beyond what has already been reviewed.
How could their Net Zero plan be improved?
Majestic Wine’s sustainability efforts receive a low score, with a rating of two out of five for detail and a one out of five for transparency. The company’s lack of a comprehensive plan, including a commitment to net zero emissions and science-based targets, as well as a lack of GHG measurements, results in a low rating of one out of five for the quality of the plan. While the company’s participation in cork recycling is appreciated, the overall rating for action is a two out of five. The company’s overall score is 8 out of 25, indicating that there is room for improvement compared to other players in the market who have received higher scores for sustainability.