Creation of ESG Board CommitteeSource: RNS
Marks and Spencer Group PLC
RE-LAUNCH OF PLAN A & CREATION OF ESG BOARD COMMITTTEE
M&S is announcing today that it is re-launching its ground-breaking Plan A sustainability programme next year and, with that, creating an ESG Board Sub-Committee, effective from 16 December 2020, to provide focus and oversight of the programme across the business. The Committee will be chaired by Tamara Ingram who will be joined by Sapna Sood as a member and Archie Norman will attend the meetings.
Chairman Archie Norman said:
"M&S was a pioneer in creating an industry-leading, fully integrated sustainability plan under the 'Plan A' banner, reflecting values that have been core to M&S's culture since its inception. The organisation's inherent and enduring community spirit has been borne out in its response to the pandemic, and in many areas - particularly on sourcing and supply chain standards - we continue to lead the market.
However, Plan A was launched in 2007 and the time has come to look again at our plans and challenge our thinking. Helping our colleagues, customers and communities lead happier, healthier and fulfilling lives is core to the M&S brand and great work continues to be delivered; but we need to continue to reinvigorate Plan A and put it back at the centre of our customer story. Tamara's deep understanding of the customer and Sapna's experience of leading global supply chains and previous Board experience in sustainability will ensure the Committee provides robust oversight and challenge. The Committee's first task will be to agree a timetable for the Plan A relaunch next year."
The company confirms that there is no further information required to be disclosed pursuant to paragraph 9.6.11 of the UK Listing Rules.
For more information, please call:
M&S Corporate PR - 0208 718 1919