Tuesday, 02 January 2024 12:17 GMT

Marks & Spencer Launches Re:Spark To Ignite Renewable Electricity Adoption Across Its Fashion Supply Chain


(MENAFN- GlobeNewsWire - Nasdaq) Marks & Spencer, a major British multinational retailer, has today announced the launch of RE:Spark, a new supply chain decarbonization programme developed in partnership with Schneider Electric, a global energy technology leader. The announcement was unveiled at Schneider Electric's Innovation Summit North America in Las Vegas, convening more than 2,500 business leaders and market innovators to accelerate practical solutions for a more resilient, affordable and intelligent energy future.

The initiative has been designed to accelerate the adoption of renewable electricity across M&S's global supply chain and is a key part of the retailer's Plan A sustainability strategy which aims to achieve net zero emissions across its value chain by 2040.

RE:Spark reflects M&S's commitment to look beyond its own operations and spark change across its supply chain. Through the RE:Spark programme, M&S will:

  • Launch a digital hub, powered by Schneider Electric's Zeigo Hub, offering a centralized portal to host the program. With Zeigo Hub, suppliers can submit emissions data, track decarbonization efforts, and understand recommended carbon reduction action through specialized learning resources.
  • Host regional market briefs and webinars to educate suppliers on renewable electricity procurement in five key regions: Vietnam, Turkey, India, China, and Bangladesh.
  • Provide strategic advisory services to help suppliers assess and implement clean energy solutions, including onsite solar, energy attribute certificates, green tariffs, and power purchase agreements (PPAs).
  • Enable suppliers to aggregate demand for Power Purchase Agreements (PPAs), allowing smaller suppliers to participate in multi-buyer cohorts and access renewable electricity at scale.

The programme will initially focus on high-impact regions within M&S's fashion supply chain, with plans to expand over the next three years.

RE:Spark builds on M&S's work to improve environmental performance in its manufacturing* as well as recent circularity milestones, including the launch of Another Life - M&S's platform for activating circularity in Fashion, Home & Beauty - which brings together initiatives across Rewear, Repair, Recycle and Resale. These initiatives are central to M&S's ambition to reshape for sustainable, profitable growth and to become a net zero business by 2040.

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