Annual report & review 2006 - Shopic.com

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Responsibility Sustainability How we work Climate change, energy security and energy management are crucial sustainability issues for businesses and critical for us all as human beings. This is why showing concern for the environment is no longer sufficient in itself – collective action is now imperative at all levels of society. We are committed to playing a leadership role in tackling sustainability challenges by managing and minimising any negative impacts of our business. Of course sustainability is not just about the environment; it is how our company lives, works and conducts business in the community and is central to how we do business. For example, our retailer partners operate in the heart of local communities, reducing the need for the long journeys and therefore the emissions associated with out of town shopping. Wherever possible, we work with local suppliers – which means we tend to buy British in Great Britain, Irish in Ireland and use Spanish suppliers in Spain. This all adds up to more convenience and better products, as well as a significantly reduced carbon footprint. 38 We believe sustainability should not be reduced to a shopping list of gestures, but must be integral to how companies do business, as well as being measurable and transparent. This is why we were the first company in the world to report its sustainability performance using the second Global Reporting Initiative’s guidelines, and we would like to think that we remain progressive, on a global level, in this way. We were also the first Irish company to join the United Nations Global Compact Network, through which we commit to upholding its ten principles within the areas of human rights, labour, the environment and anti‐corruption. How we make a difference Our business continues to grow significantly in scale and complexity, and also in terms of its geographical spread. As a result, managing our sustainability performance in areas such as waste management, energy efficiency and ethical trade has become increasingly challenging, which is why we are approaching these issues in a systematic and thorough way. During 2005, we decided it was time to review our Environmental Policy Charter, which was originally published in 2000. The result is a more broadlybased Environmental and Social Accountability Policy which represents a new milestone in our programme Musgrave Group Plc Annual Report & Review 2006
to meet international best practice in the management of sustainability impacts. This said, we maintain focus on the key issues for our sector, which include waste minimisation, energy efficiency, emissions reduction, natural resource conservation, climate change and the promotion of ethical trade. MINIMISING WaSTe This is an area in which we feel we’re starting to make a real difference. In the Republic of Ireland, for example, we achieved our 60 per cent waste recycling target in 2004 in our own and our retail partners’ facilities. We also met our 62 per cent target for 2005 and this year exceeded our target to achieve 65 per cent recycling in 2006. Central to the success of our waste management programme has been our unique one-stop-shop waste contracts, which enable us to manage the full range of store and facility wastes using approved contractors. Another innovation has been the minimisation of waste at source through, for example, projects aimed at reducing the amount of packaging on the products we sell. ‡ 39 MuSGRAVe GROup pLC aNNuaL RepoRT & ReVIeW 2006
Page 1 and 2: Annual report & review 2006
Page 3 and 4: Musgrave at a glance 4 Our Chairman
Page 5 and 6: Musgrave at a glance hoW Do We SouR
Page 7 and 8: Our Chairman’s statement WoRkING
Page 9 and 10: Interview with our Group CEO Making
Page 11 and 12: Interview with our Group CEO orderi
Page 13 and 14: Interview with our Group CEO exciti
Page 15 and 16: Review of 2006 This is a year in wh
Page 17 and 18: Our business is all about respondin
Page 19 and 20: Review of 2006 Our innovative Marke
Page 21 and 22: Review of 2006 Our business in Grea
Page 23 and 24: Different & better - retailers & lo
Page 29 and 30: Budgens Virginia Quay Providing a h
Page 33 and 34: Different & better - consumers & co
Page 35 and 36: Different & better - consumers & co
Page 37: Different & better - consumers & co
Page 41 and 42: Musgrave Group head office, Cork 41
Page 43 and 44: Responsibility charitable support A
Page 45 and 46: accordance with management’s auth
Page 47 and 48: Our board of directors peter Musgra
Page 49 and 50: Results Turnover amounted to €4,5
Page 51 and 52: Finance review Taxation The effecti
Page 53 and 54: Summary financial statements CONSOL
Page 55 and 56: Summary financial statements Notes
Page 57 and 58: Summary financial statements 5 Taxa
Page 59 and 60: Summary financial statements 10 Ban
Page 61 and 62: Summary financial statements 15 Rec
Page 63 and 64: Summary financial statements Analys
Page 65 and 66: Summary financial statements Moveme
Page 67 and 68: Printed on Hello silk, fully recycl

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