Kingfisher has set a number of specific environmental and social targets, in addition to its targets on implementation of the Steps programme. This is the first year the Group has set quantitative targets on energy, waste and timber. As a result, they have been set over a five year period to give operating companies time to make improvements.
These targets are designed to challenge the Group to improve performance. However, it can be difficult to forecast future performance and therefore they will be reviewed on an annual basis and adapted if necessary to ensure they remain challenging.
Kingfisher recognises that global sustainability issues such as climate change and deforestation will require companies to change significantly the way they do business over the long-term. Therefore, Kingfisher has started to work with Forum for the Future to develop a sustainability strategy for the next decade.
As a first step, Forum for the Future facilitated a workshop for the Kingfisher Executive Committee in January 2007. The discussions focused on identifying what a sustainable business would look like in a changing society and the key priorities for the future. Forum for the Future is continuing to work with the Kingfisher CR team to develop a long-term sustainability strategy during 2007.