Be Yourself. Always Report 2020 Be Yourself

Total Page:16

File Type:pdf, Size:1020Kb

Be Yourself. Always Report 2020 Be Yourself BE YOURSELF. ALWAYS REPORT 2020 BE YOURSELF. ALWAYS REPORT 2020 MESSAGE FROM OU R SHARON PURPOSE WHITE AND AMBITION Dear Partner, Our Founder, John Spedan Lewis, established the John Lewis Partnership This ambition is driving our commercial decisions and shaping our to be a force for good in society. He wrote a Constitution that contains employment practices. It influences the services we offer to customers and The past 12 months have been one of the most pivotal years in the Partnership’s history. principles and rules for how we as Partners run our business. It sets out how we work with new commercial partners. It sees us, for instance, taking Amidst the uncertainty and challenges, we have all pulled together in the most extraordinary the role the Partnership has in society and defines our responsibilities to firmer action on pay, working conditions and diversity and inclusion. way and really been there for each other and our customers when they needed us most. Partners, customers, suppliers and the environment. It also states that we Our vision is to be recognised as the UK’s most inclusive business by Of course, there are some things we haven’t got right over the past year and we know we are required to make ‘sufficient’, not ‘maximum’, profit and that’s why we Partners, customers, suppliers and the wider community. We must create aren’t perfect. We have much more work to do and becoming a more diverse and inclusive are focused on reinvesting our profits back into our Partners, our business an inclusive workplace that embraces the diversity of our current and future business is one such example, and an important priority for the Partnership. and the communities we serve. customers, and for Partners, where they can bring their whole selves to As you will read throughout this report, we are starting to make positive progress, but we We are driven to make a difference to people’s lives and create positive work and where development and career opportunities are fair and open have a long way to go. It’s also a sign of our Partnership values that, in this past year especially, social change. In that sense, we are a social enterprise. As an organisation to all. we have been able to have an open and honest debate with Partners to set out our desire to with such a strong heritage in being purpose-led, it’s critical we continue It’s this sense of belonging which is core to our wellbeing as individuals, and truly reflect the customers and communities we serve. to build on our history. We need to ensure our purpose is clear, responds to the world our Partners and customers live in today, builds a compelling collectively in society. That’s why one of our five core Partnership values As a Partnership we have the great advantage that we can take a long-term view, taking the vision for the future and drives decisions and actions for our business. is ‘Be Yourself. Always’. This recognises that we’re all quirky and proud, right decisions for the long-term benefit of our Partners and customers. We can be bolder and at our best when we are free to be ourselves. We know that, when and more innovative than conventional companies, even in these challenging times. That’s As part of our five-year Partnership Plan, which we launched in October our Partners feel a sense of belonging and are healthy and well, they’re why last year we published for the first time our Be Yourself. Always Report, combining data on 2020, we had an exciting opportunity to update our ambition as a better able to help and support our customers, and can contribute to the gender, ethnicity, age and health and wellbeing. business. We spoke to customers, Partners, suppliers, charities and non- communities where we operate. governmental organisations to understand what matters most to them, and This year we are doing the same and as our reporting evolves, we will report on other where our business can have the biggest impact. As a result, three key areas diversity characteristics. Our objective is to be very open in sharing our data, the progress of focus were identified to try and do good in society: tackling inequality, we make, what is working and what is not. And also to be open to constructive feedback and wellbeing and sustainable living. These have never felt so relevant, especially learn from others to adapt our approach. due to the economic uncertainty and social inequality coming from the pandemic. This report is supported by all of the Executive Team as we truly believe and support the principle that our Founder created many years ago – the happiness and wellbeing of our Partners through worthwhile and satisfying employment in a successful business. SHARON WHITE Partner & Chairman CONTENTS Message from Sharon White 2 What progess Our diversity: Gender 14 Our purpose and ambition 3 have we made since last year? 6 Our diversity: Ethnicity 18 Our diversity and inclusion plan 4 Hear from our Partners 8 Our diversity: Age 20 Our commitments Cultural moments calendar 9 Hear from our diversity networks 22 to Partners and customers 5 Our health and wellbeing 10 Director statement 23 2 | John Lewis Partnership John Lewis Partnership | 3 BE YOURSELF. ALWAYS REPORT 2020 BE YOURSELF. ALWAYS REPORT 2020 OUR COMMITMENTS OUR DIVERSITY AND TO AND INCLUSION PLAN PARTNERS CUSTOMERS The Partnership was formed almost 100 years ago with the principles and Working Parents, as well as the diversity and inclusion sub-group of of humanity and equality for all at its very heart. We know that, as we Partnership Council. We are also working with a third-party specialist and stand where we are today, we have work to do to keep this alive. It needs expect to publish our finalised plan in the spring. In the meantime, some key relentless focus and leadership over many years but we are prepared to areas of focus include: take bold action. That’s why we are developing a new Partnership-wide diversity and inclusion plan. Part-time working – We will take what we’ve learned from our new 1 Part-Time Advisory Group and continue to gain knowledge so we can Our diversity and inclusion plan has to be agile and start with our purpose. provide greater support to part-time Partners so they can continue to It must link to our commitment to become the UK’s most inclusive business progress within our business. – for both our Partners and customers – reflecting and connecting with the diverse communities that we serve. Like many people around the world, we Supporting ethnic minorities – We formed last year the Black Partner An extraordinary 2020 called for us to focus on listening to our Partners improve their experiences. Through the work of the Part-Time Advisory were shocked by the horrific death of George Floyd and it was a sign of the 2 Advisory Group, which has made leaps and bounds with the way our and customers more than ever and here are some of the commitments we Group, for example, we’ve already influenced a number of internal Partnership’s values that we were able to have an open and honest debate business applies actions and processes that support ethinic minorities. We made. Our Executive Team also made a number of commitments and this processes, with much more to do. with Partners about his death and the wider impact it had on each of us will continue to reach out to more ethnic minority Partners to ensure the included each individually sponsoring one of our seven internal Partnership steps we take are more inclusive and informed by them. networks for Partners. individually and how we operate as a business. C U STO M E R S Our support of Black Lives Matter was not about politics, it was and still Care-experienced people – As part of our five-year Partnership Plan, PARTNERS Responding to Partner feedback, a Kindness Rules statement was created is about basic humanity that is intrinsic to the Partnership’s traditions and 3 we have committed to supporting those who have had experience of for our shops and customer-facing sites to display. The statement details the values. It helped us realise that this moment should be a movement and we the care system by helping them forge a career in the Partnership. We will Provide safe spaces for our Black and other ethnic minorities Partners to Partnership’s stance and approach to abusive behaviour towards Partners, must do more. And our diversity and inclusion plan will guide us. also explore how to provide mentoring support for those in care. talk about what discrimination feels like. This enabled us to understand which also includes racism and discrimination. what we need to do to improve. We have also put a number of initiatives in Our plan is being informed by data and customer and Partner opinion Voluntary Real Living Wage – We will move towards paying all place to continue the conversation and change behaviours, including reverse Adding new brands and products so we can meet more the needs of and is being led by Nikki Humphrey, Executive Director of People. It 4 Partners aged 18 and over the voluntary Real Living Wage when we mentoring and a Black Partner Advisory Group. local communities we serve. For example, in Waitrose, we have been is also receiving input from our seven Partnership networks – Gender expect to reach over £200m profit. This is different to the legally stipulated adding more multi-ethnic cuisines such as Afro-Caribbean and Indian.
Recommended publications
  • Directing Democracy:The Case of the John Lewis Partnership
    DIRECTING DEMOCRACY: THE CASE OF THE JOHN LEWIS PARTNERSHIP Thesis submitted for the degree of Doctor of Philosophy at the University of Leicester by Abigail Cathcart BA (Hons) (Newcastle), MSc (Dist) (Northumbria) School of Management University of Leicester September 2009 Contents ABSTRACT .......................................................................................................................... 1 ACKNOWLEDGEMENTS ...................................................................................................... 2 CHAPTER 1: INTRODUCTION .............................................................................................. 3 BACKGROUND AND RESEARCH GAP .............................................................................. 4 CHAPTER OUTLINE ......................................................................................................... 7 CHAPTER 2: TOWARDS ORGANISATIONAL DEMOCRACY ................................................ 11 INTRODUCTION ............................................................................................................ 11 INDUSTRIAL DEMOCRACY, PARTICIPATION AND EMPLOYEE INVOLVEMENT ............. 12 THE AIMS OF ORGANISATIONAL DEMOCRACY ............................................................ 29 POWER ......................................................................................................................... 39 CONCLUSIONS .............................................................................................................. 49 CHAPTER 3:
    [Show full text]
  • John Lewis Partnership
    SUBISSION FROM JOHN LEWIS PARTNERSHIP Overview 1. The John Lewis Partnership welcomes the opportunity to submit written evidence to the Economy, Energy and Tourism Committee’s inquiry into innovation and productivity in social enterprises and employee owned businesses. 2. The Partnership is the largest employee-owned business in the UK. All 88,700 permanent staff are Partners who own 46 John Lewis shops across the UK, 346 Waitrose supermarkets, an online and catalogue business, waitrose.com, johnlewis.com, a production unit, a farm and a financial services arm. The business has annual gross sales of over £10bn. In Scotland the Partnership operates 3 John Lewis shops, 7 Waitrose supermarkets and a contact centre. 3. John Spedan Lewis, son of our Founder, John Lewis, was inspired by the desire to innovate and improve the capitalist system. In 1914 he had the opportunity to put his principles into practice when his father gave him control of Peter Jones, a small shop trading on Sloane Square in London. The young Spedan promised his staff that when the shop became profitable they would share in these profits, the first step in his long- term plan to turn his employees into Partners. He fulfilled this promise just 5 years later when every member of staff received the equivalent of 5 weeks of extra pay. Ten years later, he created a trust to take over the assets of the company and run it as a Partnership thus creating our modern co owned business in 1929. Spedan created a second irrevocable trust in 1950 when complete ownership was transferred to Partners working in the business.
    [Show full text]
  • Shopping at John Lewis Oxford Street
    ground floor from Audio and TV. and Audio from floor ground collections point when it suits you. This is accessible on the the on accessible is This you. suits it when point collections ensure they’re ready for you to pick up at our Customer Customer our at up pick to you for ready they’re ensure boxes at any till, either in bulk or as you shop, and we’ll we’ll and shop, you as or bulk in either till, any at boxes up when you’re ready to go. Simply drop off your bags ad ad bags your off drop Simply go. to ready you’re when up them pick then us, with purchases Lewis John your Leave Too much to carry? to much Too any unwanted packaging and recycle responsibly. recycle and packaging unwanted any service every time you visit. After all, it’s our business. our it’s all, After visit. you time every service we can deliver to the room of your choice and we’ll remove remove we’ll and choice your of room the to deliver can we in the company, so we’re motivated to offer you the best best the you offer to motivated we’re so company, the in suit you. Our delivery service doesn’t stop at the front door; door; front the at stop doesn’t service delivery Our you. suit and desserts. and Partner a is stores Waitrose and Lewis John our both in staff and next day delivery, as well as delivery on a specific day to to day specific a on delivery as well as delivery, day next and salads as well as beef, Piedmont from made hamburgers permanent of member Every partnership.
    [Show full text]
  • Appendix A: List of Stakeholders That Responded to the ULEZ Consultation
    Appendix B (2) Appendix A: List of stakeholders that responded to the ULEZ consultation Air Quality Brentford Coulsdon & Purley Road User Alliance of British Drivers Forum Arriva Cross River Partnership Balfour Beatty Disabled Motoring UK Bambos Charalambous MP Federation of British Historic Barking and Dagenham and Vehicle Clubs Havering Green Party Federation of Small Businesses Barnet Green Party Forest Hill Society Better Streets for Enfield Freight Transport Association Bloomsbury Air Friends of the Earth Brentford Chamber of Gipsy Hill Green Party Commerce Greenpeace Brentford Community Council Greenwich Conservatives Brewery Logistics Group Heart of London Business British Heart Foundation Alliance British Lung Foundation Herne Hill Green Party British Motorcyclists Federation Hertfordshire County Council British Vehicle Rental and Hounslow and Brentford Leasing Association (BVRLA) Friends of the Earth Builders Merchants Federation Islington Green Party Campaign for Better Transport Joanne McCartney AM Campaign for Better Transport John Lewis Partnership (London Group) Kingston Environment Forum Campaign to Protect Rural Lambeth for a Cool Planet England Lambeth Green Party Caroline Pidgeon AM LEVC Caroline Russell AM Lewisham Cyclists Chartered Institute of Lewisham Liberal Democrats Environmental Health Licensed Taxi Drivers' Chiswick Liberal Democrats Association (LTDA) Church of England (Diocese of Living Streets Chelmsford) London Assembly Environment City of London Committee
    [Show full text]
  • CAMDEN STREET NAMES and Their Origins
    CAMDEN STREET NAMES and their origins © David A. Hayes and Camden History Society, 2020 Introduction Listed alphabetically are In 1853, in London as a whole, there were o all present-day street names in, or partly 25 Albert Streets, 25 Victoria, 37 King, 27 Queen, within, the London Borough of Camden 22 Princes, 17 Duke, 34 York and 23 Gloucester (created in 1965); Streets; not to mention the countless similarly named Places, Roads, Squares, Terraces, Lanes, o abolished names of streets, terraces, Walks, Courts, Alleys, Mews, Yards, Rents, Rows, alleyways, courts, yards and mews, which Gardens and Buildings. have existed since c.1800 in the former boroughs of Hampstead, Holborn and St Encouraged by the General Post Office, a street Pancras (formed in 1900) or the civil renaming scheme was started in 1857 by the parishes they replaced; newly-formed Metropolitan Board of Works o some named footpaths. (MBW), and administered by its ‘Street Nomenclature Office’. The project was continued Under each heading, extant street names are after 1889 under its successor body, the London itemised first, in bold face. These are followed, in County Council (LCC), with a final spate of name normal type, by names superseded through changes in 1936-39. renaming, and those of wholly vanished streets. Key to symbols used: The naming of streets → renamed as …, with the new name ← renamed from …, with the old Early street names would be chosen by the name and year of renaming if known developer or builder, or the owner of the land. Since the mid-19th century, names have required Many roads were initially lined by individually local-authority approval, initially from parish named Terraces, Rows or Places, with houses Vestries, and then from the Metropolitan Board of numbered within them.
    [Show full text]
  • John Lewis Shops to Close Temporarily
    John Lewis plc makes the following announcement for John Lewis Partnership plc, the ultimate holding company of John Lewis plc News release 21 March 2020 JOHN LEWIS SHOPS TO CLOSE TEMPORARILY The John Lewis Partnership has taken the difficult decision to temporarily close all of its 50 John Lewis shops at close of business on Monday 23 March as a result of the impact of Coronavirus. Johnlewis.com will continue to operate as normal, alongside Waitrose shops and waitrose.com. This will be the first time in the 155-year history1 of the business that it will not open its shop doors for customers. As a consequence, Waitrose food offers within department stores at Watford, Southampton and Bluewater will also close but johnlewis.com - which generates half the brand’s business - will continue to operate as normal, alongside waitrose.com. Customers can choose to have orders delivered to their home, or to Click & Collect from their local Waitrose. The food halls within John Lewis Oxford Street and Waitrose shops which share premises with John Lewis space at Kingston, Ipswich, Stratford, Horsham, Basingstoke and Canary Wharf will remain open, along with all other Waitrose branches and Waitrose.com grocery deliveries. Chairman Sharon White, said: “The welfare of our customers, communities and Partners is always our absolute priority. While it is with a heavy heart that we temporarily close our John Lewis shops, our Partners will, where possible, be taking on important roles in supporting their fellow Partners, providing critical services in Waitrose shops and ensuring our customers can get what they need through johnlewis.com, which is seeing extremely strong demand.
    [Show full text]
  • JOHN LEWIS PLC ANNUAL REPORT and ACCOUNTS 2014 John Lewis Plc Annual Report and Accounts 2014
    JOHN LEWIS P L C ANNU A L REPO R T A In the hands ND ACCOUNTS 2014 Partners ofJOHN LEWIS PourLC ANNUAL REPO RT AND ACCOUNTS 2014 John Lewis plc Annual Report and Accounts 2014 CONTENTS THE JOHN LEWIS PARTNERSHIP GOVERNANCE 46 Introduction 1 Directors and Company Secretary 47 At a glance 2 Directors’ Report 48 Our story 4 FINANCIAL STATEMENTS 50 How we create value 6 Consolidated income statement 51 Our strategy 8 Consolidated statement of comprehensive expense 51 Our Partners 10 Consolidated balance sheet 52 Our sustainability highlights 14 Consolidated statement of changes in equity 53 The bigger picture 16 Consolidated statement of cash flows 54 OUR PERFORMANCE 18 Notes to the consolidated financial statements 55 Chairman’s statement 19 Company financial statements 87 Highlights and challenges 21 Notes to the company financial statements 90 Key performance indicators 22 Statement of Directors’ responsibilities 109 Group performance 26 Independent auditors’ report 110 Waitrose performance 28 Retail branches 112 John Lewis performance 32 Notice of AGM 114 Partnership Services and Corporate performance 36 General information 115 Factors affecting future performance 37 Notes 116 Principal risks and uncertainties 42 Key Group risks and mitigations 44 The Group Strategic Report runs from pages 1 to 45. You can see our Sustainability Review 2014 online www.johnlewispartnership.co.uk Tell us what you think Our Annual Report and Accounts is all about our Partners. And we’d like your feedback on it. www.johnlewispartnership.co.uk/meta/contact-us.html JO John Lewis plc HN L Annual Report and Accounts 2014 1 EWIS PLC This is the Annual Report and Accounts for John Lewis plc (‘the Group’ or ‘the Company’).
    [Show full text]
  • John Lewis Partnership Plc Annual Report and Accounts 2013
    226630 JLP R+A 2012 cover Q8 26/04/2013 06:59 Page 1 John Lewis Partnership plc John Lewis Partnership plc annual report and accounts annual report and accounts 2013 2013 This report is printed on Satimat green. The paper consists of 25% FSC® virgin fibre and a minimum of 75% recycled fibre which is reclaimed mainly from office waste with approximately 25% from the UK market. The mills are ISO 9001, ISO 14001 and FSC certificated. This product has been awarded the NAPM 75% Recycled Mark. 226630 JLPart ifc ibc 26/04/2013 07:07 Page 1 Contents 1 The John Lewis Partnership 2 Chairman’s statement 3 Business review 29 Directors and advisers 32 Directors’ Report 36 Governance Report 44 Audit and Risk Committee Report 47 Remuneration Report 52 Consolidated income statement 52 Consolidated statement of comprehensive expense 53 Consolidated balance sheet 54 Balance sheet of the company 55 Consolidated and company statements of changes in equity 56 Statement of consolidated cash flows 57 Notes to the accounts 91 Statement of directors’ responsibilities 92 Independent auditors’ report 94 Retail branches 96 Notice of AGM John Lewis Partnership, 171 Victoria Street, London SW1E 5NN www.johnlewispartnership.co.uk Printed by Perivan 226630 226630 JLPartnership 01-06 25/04/2013 12:44 Page 1 John Lewis Partnership plc annual report and accounts 2013 The John Lewis Partnership The John Lewis Partnership is one of the UK’s leading retail businesses with 30 John Lewis department stores, 9 John Lewis at home stores, johnlewis.com, 255 Waitrose supermarkets, 35 Waitrose convenience stores, waitrose.com and business to business contracts in the UK and abroad.
    [Show full text]
  • Bibliography Retrofittingsoho
    BIBLIOGRAPHY RETROFITTINGSOHO Bibliography (Note: All websites viewed between 1 October and 24 November 2008) AEA Energy & Environment. 2008. Review of the Carbon Limited. Carbon Trust micro CHP report is finally Potential Impact on Air Quality from Increased Wood out. <carbonlimited.org/2007/11/27/carbon-trust-micro- Fuelled Biomass Use in London. London: London chp-interim-report-finally-out/>. Councils Transport & Environment Committee. Available Carlsen. J. 2008. Sustainable design and construction from: UK city update – London. 29 April 2008, Presentation. <www.londoncouncils.gov.uk/London%20Councils/Tran sport/Transport%20Publications/Item18ThePotentialImp Chamra, L.M. 2007. Propane-Fuelled Combined Heat actonAirQualityfromIncreased.doc>. and Power (CHP) Systems for Residential Applications, Mississippi State University. Available from: ARUP. Geotechnics- Embodied Energy and Embodied <www.propane.tx.gov/research/documents/06ChamraR Carbon. esidentialCHPSystems.pdf>. <www.arup.com/geotechnics/feature.cfm?pageid=1092 9>. Chazan, D. 2008. ‘Office block warmed by body heat’. BBC News, 7 February. BCIS. 2006. How long do building components last? <news.bbc.co.uk/1/hi/sci/tech/7233123.stm>; New report provides answers to the most difficult <www.jernhusen.se/templates/Page.aspx?id=944>. question in whole life costing, Press release 19 October. Available from: CityWest Homes. The History of PDHU. <www.bcis.co.uk/NR/rdonlyres/42D4A542-83B9-4A70- <www.cwh.org.uk/main.asp?page=494>. 90D0-DA57A077190B/0/LifeExpectancyPR2006.doc>. Clark, P. 2007. Beyond Ground source Heat Pumps. BERR. Low Carbon Buildings Programme, Department Building, 9 October. for Business Enterprise & Regulatory Reform. <http://www.building.co.uk/sustain_story.asp?sectionco <www.lowcarbonbuildings.org.uk/>. de=747&storycode=3097129&c=3>.
    [Show full text]
  • John Lewis Partnership
    Welcome to Seminar LMG1 “How does leadership, management and governance differ in employee owned organisations? What are the specific challenges and opportunities?” Facilitated by: Richard Elsner - Pivotal Moment Panellists: Peter Holland - OPM Patrick Burns - Prospects Case Study: Simon Fowler - John Lewis Partnership Session LMG1 - Three questions What is different about leadership, management and governance in an EO company? Are distinctive structures, processes and culture required to enable these? What principles (or values) are needed to guide behaviour? The John Lewis Partnership A better way of doing business Simon Fowler John Lewis Partnership Oxford Street, 1864 John Lewis Partnership Peter Jones, 1928 John Lewis Partnership Origins of the John Lewis Partnership John Spedan Lewis, 1929 John Lewis Partnership Our Constitution John Lewis Partnership Our 7 Principles John Lewis Partnership Our Governance Model Partners as co-owners Executive Constitution Owners Partnership Board Chairman Partnership Council Divisional Boards Divisional Councils Senior Managers Regional Forums Managers Local PartnerVoice Partner Opinion is Sovereign John Lewis Partnership Our virtuous circle - Partner > Customer > Profit Give great leadership & empower Partners with the knowledge and desire to provide outstanding service Partner Profit Customer Generate incremental Enable the sales development & profit through of deeper customer greater relationships customer loyalty John Lewis Partnership The advantages of our business model No external No conflict
    [Show full text]
  • Corporate Heritage Brand Identity, Customer Experience and Satisfaction: the Case Study of John Lewis Partnership Ammar Abdellat
    Corporate Heritage Brand Identity, Customer Experience and Satisfaction: The Case Study of John Lewis Partnership A thesis submitted for the degree of Doctor of Philosophy By Ammar Abdellatif Taha Sammour Brunel Business School Brunel University London December 2017 Abstract Purpose: This research studies the relationship between corporate heritage brand identity and customer satisfaction of John Lewis Partnership (JLP) which is one of the most successful British retail heritage brands internationally. It conceptualizes and addresses the key factors of corporate heritage brand identity including brand price, quality, design, and symbol. It examines the corporate heritage brand experience of JLP customers through which corporate heritage brand identity influences customer satisfaction. It also establishes the moderating role of brand innovation, word of mouth and multiple time dimensions on these relationships. Design/methodology/approach: A conceptual framework of corporate heritage brand identity is developed from the literature review. To improve the validity of this study, semi-structured interviews were carried out with JLP managers, senior partners and their loyal customers recommended by JLP. These interviews have verified and advanced the hypotheses informed from the reviewed literature. This study mainly adopts the quantitative survey research method approach to test the conceptual framework. An online questionnaire was sent to JLP customers through social media channels such as Facebook, Twitter, and LinkedIn. Off-line paper-based survey questionnaires were collected from customers in JLP stores located in five cities in the UK (London, Manchester, Liverpool, Leicester and Southampton). In total, a sample of 596 clean questionnaire responses were collected and used for this study to test the developed hypotheses.
    [Show full text]
  • Real Estate Climate Risk Report 2017 Welcome
    Real Estate Climate Risk Report 2017 Welcome Willis Towers Watson and Hillbreak have brought together some of their clients and colleagues to discuss one of the most critical issues, not just for business but society at large: climate risk. Our collaboration with British Land, the Grantham Institute, Hermes Investment Management, John Lewis Partnership, Land Securities, Lend Lease, NatWest and Blackstock Consulting, pools insight from some of the major players in the listed real estate, retail, debt and investment spheres. The exclusive research produced by DealX, a data analytics company, sets out for the first time the true challenge that lies ahead in greening the UK’s commercial building stock. Our report incudes expert opinion from each of the major corporations named above and sets out some recommendations and signposts as policy makers and industry groups look to navigate the road ahead. We are extremely grateful to the report’s contributors and look forward to continuing to debate these issues. Paul Chetwynd-Talbot Managing Director, Real Estate Practice Willis Towers Watson With thanks to this report’s contributors: Table of contents 1.0 Introduction ...................................................4 1.1 Foreword .................................................................................................................................................5 1.2 Introduction: The $35tr question ..........................................................................................6 1.3 Executive summary .......................................................................................................................8
    [Show full text]