UK-based retailer Marks and Spencer (M&S) announced today the launch of RE:Spark, a new program aimed at supporting decarbonization in its fashion supply chain, with a focus on accelerating the adoption of renewable energy. The new program was developed in partnership with energy technology solutions provider Schneider Electric.
According to M&S, the new program forms a key part of its “Plan A” sustainability strategy, which includes goals to reach net zero greenhouse gas (GHG) emissions by 2040, and interim 2030 targets to reduce Scope 1 and 2 GHG emissions by 55%, and Scope 3 by 42%, on a 2023 basis. Scope 3 value chain emissions accounts for 95% of M&S’ carbon footprint, with the majority from purchased goods in the company’s Food and Fashion, Home & Beauty businesses.
Under the new program, M&S and Schneider Electric will launch a centralized digital hub where suppliers can submit emissions data, track decarbonization efforts, and learn more about carbon reduction action, host regional market briefs and webinars, provide advisory services to help suppliers assess and implement clean energy solutions, and enable suppliers to aggregate demand for power purchase agreements.
M&S said that the new program will initially focus on high-impact regions within the company’s fashion supply chain, with plans to expand over the next three years.
Katharine Beacham, Head of Sustainability and Materials in Fashion, Home & Beauty at M&S, said:
“We know that real change happens when we collaborate. That’s why RE:Spark is designed not only to ignite new ideas and unlock renewable energy opportunities for our supply base, but also to make the transition easier by providing access to support and resources. By acting as a facilitator, we can help our suppliers build networks and resilience for the long term – sparking a movement of change across the industry and beyond.”
Steve Wilhite, Executive Vice President, SE Advisory Services, added:
“As an energy technology company, we’re proud to be working with M&S to help suppliers overcome barriers to renewable electricity adoption. RE:Spark is a powerful example of how collaboration can drive scalable, impactful change across global supply chains.”
