5 January 2022
The Weekly

The UK’s Marks & Spencer has announced its first £850mn revolving credit facility, directly linked to the delivery of net zero targets. In September, the multinational retailer had shared its roadmap to net zero and reset its longstanding Plan A programme to have a singular focus on delivering this goal across our entire supply chain and products by 2040. Hitting this ambitious target would see the company reach net zero scope 3 a full decade ahead of Government’s UK wide strategy and will require it to transform how it makes, moves, and sells its products to customers and fundamentally change the future shape of the business.

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