M&S offers £5k prize for sustainable ideas

2nd November 2011


Related Topics

Related tags

  • Retail and wholesale ,
  • Business & Industry ,
  • Stewardship ,
  • Management ,
  • Corporate governance

Author

IEMA

Marks & Spencer has launched a competition offering MBA students £5,000 for a new business approach that will lead to greater sustainability in the retail sector

The M&S Sustainable Retailing Challenge is open to teams of students from management schools across the UK and has been created to encourage future managers to consider sustainability in business practice as well as a catalyst for new ideas.

“Sustainability issues are going to be right at the top of the ‘to do’ list for the next generation of business leaders and by sharing knowledge, ideas and expert views, we can learn to innovate and challenge ourselves more,” said Richard Gillies, director of Plan A at M&S, which aims to be world's most sustainable major retailer by 2015.

Competing teams will be set a series of challenges over the coming months focusing on how to tackle social and environmental issues commonly faced by retailers. The first task, for example, asks students to consider the impacts of international procurement in terms of profit, people and the planet.

Run by the Doughty Centre for Corporate Responsibility at Cranfield University, the competition will culminate with five teams presenting their ideas to senior managers at M&S next April, after being mentored by sustainability experts from both academia and business.

Professor David Grayson CBE, director of the Doughty Centre, said: “We are delighted to be collaborating with M&S on this unique competition which is not only a powerful learning experience for MBA students but also an opportunity to showcase their abilities and exchange ideas on sustainability issues with very senior executives at M&S.”

The deadline for the first stage of the competition is 15 November and any students interested in applying should visit www.mandssrc.com.

Subscribe

Subscribe to IEMA's newsletters to receive timely articles, expert opinions, event announcements, and much more, directly in your inbox.


Transform articles

EU and UK citizens fear net-zero delivery deficit

Support for net zero remains high across the UK and the EU, but the majority of citizens don't believe that major emitters and governments will reach their climate targets in time.

16th May 2024

Read more

There is strong support for renewable energy as a source of economic growth among UK voters, particularly among those intending to switch their support for a political party.

16th May 2024

Read more

Despite cost-of-living concerns, four-fifths of shoppers are willing to pay more for sustainably produced or sourced goods, a global survey has found.

16th May 2024

Read more

One in five UK food businesses are not prepared for EU Deforestation Regulation (EUDR) coming into force in December, a new survey has uncovered.

16th May 2024

Read more

Each person in the UK throws a shocking 35 items of unwanted clothes and textiles into general waste every year on average, according to a new report from WRAP.

2nd May 2024

Read more

Taxing the extraction of fossil fuels in the world’s most advanced economies could raise $720bn (£575bn) by 2030 to support vulnerable countries facing climate damages, analysis has found.

2nd May 2024

Read more

The largest-ever research initiative of its kind has been launched this week to establish a benchmark for the private sector’s contribution to the UK’s 2050 net-zero target.

2nd May 2024

Read more

Weather-related damage to homes and businesses saw insurance claims hit a record high in the UK last year following a succession of storms.

18th April 2024

Read more

Media enquires

Looking for an expert to speak at an event or comment on an item in the news?

Find an expert

IEMA Cookie Notice

Clicking the ‘Accept all’ button means you are accepting analytics and third-party cookies. Our website uses necessary cookies which are required in order to make our website work. In addition to these, we use analytics and third-party cookies to optimise site functionality and give you the best possible experience. To control which cookies are set, click ‘Settings’. To learn more about cookies, how we use them on our website and how to change your cookie settings please view our cookie policy.

Manage cookie settings

Our use of cookies

You can learn more detailed information in our cookie policy.

Some cookies are essential, but non-essential cookies help us to improve the experience on our site by providing insights into how the site is being used. To maintain privacy management, this relies on cookie identifiers. Resetting or deleting your browser cookies will reset these preferences.

Essential cookies

These are cookies that are required for the operation of our website. They include, for example, cookies that enable you to log into secure areas of our website.

Analytics cookies

These cookies allow us to recognise and count the number of visitors to our website and to see how visitors move around our website when they are using it. This helps us to improve the way our website works.

Advertising cookies

These cookies allow us to tailor advertising to you based on your interests. If you do not accept these cookies, you will still see adverts, but these will be more generic.

Save and close