UK retailers have cancelled £7.1bn in contracts across the last 12 months with suppliers that don’t meet stringent ethical and sustainable standards, new research reveals. The report out today from Barclays Corporate Banking – Reshaping retail: how ethics and sustainability are changing retail’s ecosystem – shows that the pandemic and an increasing focus on Environment, Sustainability and Governance (ESG) are shifting business priorities. In a study of more than 300 retail decision makers, the majority (51%) say sustainability is more important now than it was two years ago and 49%…
Read MoreRetailers terminate contracts worth over £7bn as part of supply chain clean-up
