KINGFISHER PLC RESPONSIBLE BUSINESS
Our Home, Our World
June 2021
Welcome & agenda
Responsible Business update
- Introduction
- About Kingfisher
- Responsible Business heritage
- Response to COVID-19
- Responsible Business strategy and governance
- Responsible Business performance
- Priorities (Colleagues, Planet, Customers, Community)
- Fundamentals
- Appendix
2
About Kingfisher
Kingfisher plc is an international home improvement company. Our retail banners include B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçtaş.
We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels. At Kingfisher, our purpose is to help make better homes accessible for everyone.
FY 20/21 | FY 20/21 |
Our stores
(at 31 January 2021)
80,000† *
Colleagues
1,386‡*
Stores
2,990
Suppliers from over 80 countries
1 | B&Q UK & Ireland 301, Screwfix UK & Ireland 722. | * Turkey joint venture not included. | |
2 | Castorama 93, Brico Dépôt 121. | † Total, not full-time equivalent. | 3 |
‡ The sale of our business in Russia was completed on 30 September 2020. |
Our Responsible Business highlights
We've made great progress on our Responsible Business priorities
Colleagues | ▪ New Board-approved 'Inclusivity and Diversity' strategy to create a fully inclusive and |
diverse environment across our retail banners. | |
▪ Launched our first ever all-colleague share plan. | |
▪ New 1.5°C carbon reduction target, approved by the Science Based Targets initiative. | |
Planet | |
▪ New partnership with the Rainforest Alliance aimed at protecting and restoring tropical | |
forests, as part of our commitment to become 'Forest Positive' by 2025. | |
- Over £5bn of sales (42% of Group sales) from products that help customers create
Customers | more sustainable homes. |
▪ Doubled community target, committing to help 2 million people who live in unfit | |
Communities | housing, by 2025. Made community investments totalling over £8.2m in FY 2020/21 |
(including donations from colleagues and customers). | |
Governance
Financing
- Responsible Business plan overseen by a Board-level committee.
- Linked a portion of colleague bonus programme to performance against our Responsible Business priorities, to further incentivise action.
- Entered into a £550m revolving credit facility (RCF) agreement with relationship banks that is linked to Kingfisher's ambitious Responsible Business targets.
4
Our strategic direction and key strengths
Our strategic direction
Kingfisher banners are not | A clear vision to build | We will 'power' these | Simpler | ||||||
the same. This is a strength | customer propositions | banners as a Group | and leaner | ||||||
Positioned for growth
Access to attractive markets, with favourable drivers
Diverse banners covering general home improvement, trade and discounting
Top 2 position in all key markets (#1 in UK, Poland, Turkey)
c.1,390 stores
c.80,000 skilled and | Collective buying scale |
& successful own | |
engaged colleagues | exclusive brands |
(44% of total sales*) | |
Industry-leading | Strong e-commerce |
Responsible | sales growth and |
Business practices | penetration of 18%* |
* For financial year ended 31 January 2021 | 5 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Kingfisher plc published this content on 15 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2021 10:41:03 UTC.
