Kingfisher publishes first full year 'Net Positive' results

Net Positive One Year On - Kingfisher publishes first full year results against its ambitious Net Positive targets.

Net Positive is Kingfisher’s restorative approach to business. It means making a positive contribution to people and the environment, while growing a stronger, more profitable business. Kingfisher’s latest Net Positive Report summarises progress against its ambitious targets in the first full year of Net Positive.

Key highlights include:

* 87% of timber used in products responsibly sourced, with B&Q UK reaching 100%

*13,000 hectares of forest benefited from projects to restore forests and woodlands

* Customers to Kingfisher's retail brands saved an estimated £450 million off their energy bills through sales of energy-efficient products and services

* Absolute carbon emissions fell by 5% since 2010/11, in a period of business growth

* Kingfisher created a ‘closed-loop calculator’ to help it introduce closed-loop products

* 21% of sales revenue from sales of eco-products, products with a lower environmental impact

* Successful NGO partnerships such as B&Q UK’s collaboration with Friends of the Earth to address the issue of bee decline

* First major company in the UK general retail sector to join the UN Global Compact

Group Chief Executive, Sir Ian Cheshire said:

"Becoming restorative requires transformative change management within our business and winning the hearts and minds of our colleagues, our suppliers and our customers. We’ve made steady progress in the first year in linking Net Positive to our core business strategy and creating tangible success stories. There is much more to do but I’m pleased to share our progress so far."

Kingfisher is Europe’s largest home improvement retailer with over 1,130 stores in nine countries. It employs 79,000 people and nearly six million customers shop in its stores and online every week.

The Net Positive Report explores progress in the financial year February 2013 – January 2014. It summarises performance against Kingfisher’s 50 targets and includes examples of innovation and collaboration from its nine operating companies. KPMG LLP has provided limited assurance over selected aspects of the Net Positive report.

Find the full report on our Articles pages (http://www.insightdiy.co.uk/articles.asp).

Source : Kingfisher PLC
www.kingfisher.com