A new report has suggested around one in six (15%) of retailers in the North West have cancelled contracts with suppliers across the last 12 months who don’t meet stringent ethical and sustainable standards.
Barclays Corporate Banking's 'Reshaping retail: how ethics and sustainability are changing retail’s ecosystem' concludes 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, 53% in the North West say sustainability is more important now than it was two years ago and 53% say the same about ethical standards.
