Our Net Positive journey
The very nature of a journey is that it has a starting point and a destination, but the route taken may not always be known. We start our Net Positive journey with a clear plan in place. Our 2050 ambitions are a long way off and we see distinct phases ahead of us to get there. We start our journey with a clear plan in place, which sets out 2020 targets with some 2015 milestones.
Our four Pillars
We have identified four pillars that are central to achieving our ambition to becoming net positive; timber, energy, innovation and communities. These four pillars are the areas where we have a significant impact and can therefore genuinely contribute positively. They also align with material threats and opportunities for our business.
Identifying these four pillars allows us to concentrate our efforts where we can make the greatest difference – and in each pillar we commit to being Net Positive by 2050. For each pillar we have articulated a vision for the world, an aspiration for Kingfisher’s positive impact by 2050 and a 2020 target against which we will measure our progress.
Our Foundations targets
Our four pillars provide us with a useful focus, however we are not dropping our standards on the range of other issues which are important to our position as a leading retailer, such as ethical trading or chemicals reduction. That’s why, in addition to our four pillars, we’re also committing to manage and improve our impacts against 50 additional Foundations targets. These areas are what we consider the fundamentals of any sustainable business.
Our Foundations contain a set of 50 targets that measure day-to-day progress against the priority areas. Each of the 50 targets has a 2020 target and most have a 2015 milestone to achieve.
Importantly, the Foundations’ tracking will help us to identify gaps and problem areas in our progress to becoming net positive. We can also determine where collaboration is needed.
Measuring progress
Progress against all of our Net Positive targets will be reported annually in the Net Positive report. Our Net Positive measurement structure - or dashboard - is explained below.
The dashboard
Net Positive is a journey to 2050 in four phases.
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Conventional approach to date
2000-2011
Future Homes
Conventional approach to date
Reducing the environmental and social impact of our operations, and helping our customers to do the same in their homes through our products and services.
Pioneering Net Positive Projects
2012-2020
Positive Impact
Pioneering Net Positive Projects
Rethinking four key pillars within our business model where we can have the biggest impact: Timber. Energy. Innovation and Communities. Our focus is on pioneering initiatives that will help us in becoming Net Positive in these areas or making a substantial step towards it.
Continuing to deliver leadership in reducing our impact elsewhere.
Net Positive Tipping Point
2021-2035
Positive Balance
Net Positive Tipping Point
Shifting the balance from projects that pilot a Net Positive approach to a business where Net Positive drives our decisions and actions.
The majority of new initiatives in the 4 Pillars have a Net Positive impact, with exceptions only where it is technically or financially unfeasible.
Net Positive
2050
Net Positive
Net Positive
Our business has a Net Positive effect in the areas of the 4 Pillars.
By changing these, we expect to have learnt how to make our entire business Net Positive.
Page last updated 14 February 2013.
Note – This page is updated on an ongoing basis to reflect new developments. The latest Group performance data covers the Kingfisher financial year ending 28 January 2012 (referred to as 2011/12).
