UK supermarket operator Asda has unveiled plans to extend its sustainability partnership with suppliers after the group’s investment in sustainability generated an 85% increase in cost savings, which rose to GBP13m (US$20.9m) last year.
The Asda Sustain & Save Exchange is an online portal that allows Asda and its suppliers to share best practice, knowledge and innovations in energy, waste and water efficiency.
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The initiative will now be extended to include all of Asda’s fresh, frozen and chilled suppliers. Through the scheme, over 300 suppliers – including Youngs Seafood, Warburtons and Cranswick – will all be able to share best practice across a range of sustainability issues, the Wal-Mart owned retailer said.
Asda said it is “on track” to deliver energy savings of GBP800m by 2020.
These savings are not only good for the bottom line, the environment and the retailer’s suppliers, but also Asda shoppers, the company emphasised.
“At Asda, our approach to sustainability is based on the belief that protecting the environment and saving people money go hand in hand. After all, wasting resources means wasting money – and we hate waste of any kind,” Julian Walker-Palin, head of corporate sustainability at Asda, said.
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By GlobalData“Since 2005, our work to minimise the environmental impact of our operations has delivered over GBP80m in savings – which we have invested in delivering lower prices for our customers. Now, through our exchange programme, we can go even further, helping over 300 suppliers find efficiencies in energy, waste and water that can also help keep prices down.”
