The Co-operative Group is to review its Corporate Social Responsibility programme over the next six months with a view to strengthening the established values of the Co-op brand.
Martin Beaumont,chief executive, said this week that CSR was fundamental to the long-term success of the society. “Our business strategy is based on the idea of a co-operative difference, which sets us apart from other providers in the sectors in which we operate.”
The group’s Corporate Social Responsibility Report 2004 showed that community investment was up 7.3% to £7.3m, which represents 3.2% of pre-tax profit.
Over the year, it has introduced a sustainable purchasing process to screen suppliers against social, ethical and environmental criteria, it has bought a fleet of 60 lorries that run on natural gas and buys 100% of its centrally procured energy from green sources.
As part of its responsible retailing programme, the co-op has now banned 22 food colours, as well as the additive monosodium glutamate from its own label range.
Martin Beaumont,chief executive, said this week that CSR was fundamental to the long-term success of the society. “Our business strategy is based on the idea of a co-operative difference, which sets us apart from other providers in the sectors in which we operate.”
The group’s Corporate Social Responsibility Report 2004 showed that community investment was up 7.3% to £7.3m, which represents 3.2% of pre-tax profit.
Over the year, it has introduced a sustainable purchasing process to screen suppliers against social, ethical and environmental criteria, it has bought a fleet of 60 lorries that run on natural gas and buys 100% of its centrally procured energy from green sources.
As part of its responsible retailing programme, the co-op has now banned 22 food colours, as well as the additive monosodium glutamate from its own label range.
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