Dfs Furniture Plc · LSE:DFS
Dfs Furniture — ESG Presentation (September 2020)
35 slides from Dfs Furniture's sustainability presentation, September 2020
Slide 1: DFS Group ESG Strategy: 2020 Sustainability Update
DFS GROUP ESG STRATEGY 2020 sustainability UPDATE SEPTEMBER 2020 Page 1 DFS Group ESG - Sustainability 2020
Slide 2: What you will see today
WHAT YOU WILL SEE TODAY Why is ESG WHAT’S OUR Important APPROACH? to us? WHERE ARE WHAT’S WE IN 2020? NEXT? Page 2 DFS Group ESG - Sustainability 2020
Slide 3: Why is ESG important to us?
TODAY Why is ESG Important to us? Page 3 DFS Group ESG - Sustainability 2020
Slide 4: Making sofas more comfortable - in every way
MAKING SOFAS MORE COMFORTABLE - IN EVERY WAY A MORAL, ETHICAL AND COMMERCIAL IMPERATIVE We care about doing Customers, colleagues As market leader we ESG commitment And can drive profile the right thing and stakeholders want to take the lead ensures continued and preference expect it of us growth an
Slide 5: The importance of E, S and G
THE IMPORTANCE OF E, S AND G GOVERNANCE SOCIAL Environment Shareholder Shareholder rights rights Ethical Ethicalsupplier supplier behaviour behaviour Overall emissions Risk management Treating colleagues fairly Use of energy & resources Tax Tax transparency transparency Developing Developing colleag
Slide 6: What's our approach?
TODAY WHAT’S OUR APPROACH? Page 6 DFS Group ESG - Sustainability 2020
Slide 7: The last 12 months
THE LAST Stakeholder Internal workshops 12 MONTHS discussions & best practice interviews Partnerships established 2020 FOCUS: ENVIRONMENT External audit & benchmarking Experts appointed Internal audit Phase 1& Strategy priorities agreed framework and activated developed Phase 2 priorities in develop
Slide 8: What we observed
WHAT WE OBSERVED Sofa-selling No-one is really ‘New sustainability’ Much ESG is companies vary focusing on sofa- is circular behind-the-scenes greatly in how specific ESG but leading brands much effort and create distinctive ambition they are consumer-facing putting into ESG initiatives to set the a
Slide 9: Our guiding principles
OUR GUIDING PRINCIPLES 1 2 3 4 5 Treat ESG as an Embed ESG in the Think circular: Flagship initiatives Use partnerships opportunity, not business’s growth sustainable and Foundation and experts to just an obligation strategy production as well programmes move faster and as disposal more effectively
Slide 10: Our framework: the Sofa Cycle
Generating energy Sourcing raw and raw materials materials OUR FRAMEWORK Recycling Design and production Rethinking Key to colours Sourcing and making Selling and delivering Reusing and recycling Collection THE SOFA Shipping CYCLE Retail stores Packaging Delivery Page 10 DFS Group ESG - Sustainabili
Slide 11: The Sofa Cycle in practice: sourcing raw materials
Generating energy Sourcing raw and raw materials materials THE SOFA CYCLE IN PRACTICE Recycling Design and production Rethinking 100% FSC Certified sofa supply chain by 2025. Sourcing raw materials We will strive to make sure the materials we use in our sofas keep to the highest ethical and Shipping
Slide 12: The Sofa Cycle in practice: design and production
Generating energy Sourcing raw and raw materials materials THE SOFA CYCLE IN PRACTICE Recycling Design and production Rethinking Design and production We have always designed sofas to stand the test of time - pieces that grow with you and your Shipping Collection lifestyle. We are now looking at a c
Slide 13: The Sofa Cycle in practice: shipping
Generating energy Sourcing raw and raw materials materials THE SOFA CYCLE IN PRACTICE Recycling Design and production Rethinking 10% Reduction in UK inbound haulage miles by 2022 Shipping Our ongoing sourcing strategy will We are working to reduce consider landed pricing, far source lead Shipping in
Slide 14: The Sofa Cycle in practice: delivery
Generating energy Sourcing raw and raw materials materials THE SOFA CYCLE IN PRACTICE Recycling Design and production Rethinking 10% minimum reduction in CO2 emissions Delivery In 2019 we developed our new sofa delivery company, the Sofa Delivery Company, that can serve Shipping from our delivery fl
Slide 15: The Sofa Cycle in practice: packaging
Generating energy Sourcing raw and raw materials materials THE SOFA CYCLE IN PRACTICE Recycling Design and production Rethinking 85% of all sofa packaging will be Packaging We will recycle 85% of all our sofa packaging by December 2020, and all our Shipping recycled by December 2020. Collection sofa
Slide 16: The Sofa Cycle in practice: collection
Generating energy Sourcing raw and raw materials materials THE SOFA CYCLE IN PRACTICE Recycling Design and production Rethinking 50,000 sofas expected to be collected by our Collection In 2019, we tested a new sofa collection and recycling service - Sofa Rescue. After a successful trial, we have int
Slide 17: The Sofa Cycle in practice: recycling and rethinking
Generating energy Sourcing raw and raw materials materials THE SOFA CYCLE IN PRACTICE Recycling Design and production Rethinking Recycling and rethinking We are working on ways we can extend the life Pioneer sofa designed using of our sofas. In Phase 2 of our ESG strategy, in Shipping recycled and r
Slide 18: Where are we in 2020?
TODAY WHERE ARE WE IN 2020? Page 18 DFS Group ESG - Sustainability 2020
Slide 19: Foundation activities
WHERE ARE WE IN 2020? FOUNDATION ACTIVITIES The environmental issues we tackle throughout all aspects of our business every day Page 19 DFS Group ESG - Sustainability 2020
Slide 20: CO2 mitigation
C02 MITIGATION DFS Group offsets its Scope 1 and Scope 2 CO2 emissions by planting trees through The Woodland Trust. The trees remove CO2 from the atmosphere, in effect compensating for the gases the company emits in its day-to-day business. 94 ,572 23,643 146 In addition, the new woodland will prov
Slide 21: 2020 progress
TRANSPORT FOUNDATION ACTIVITIES Transport emissions 22% 2020 PROGRESS By 2023, we will reduce the CO2 emissions from our sofa delivery company by at least Better CO2 performance than 10%. UK national average for new registrations. PACKAGING Wood & Leather Plastic packaging Sofa packaging Wood sourci
Slide 22: Progress and targets
FOUNDATION ACTIVITIES PROGRESS AND TARGETS E N V I R O N M E N T P H A S E 1 F O U N D AT I O N TA R G E T S SECTION KPI TA R G E T DFS SOFOLOGY DWELL All aspects of Timber Sourcing for sofa manufacture from Environmental FSC certified sources. Publish timber sourcing policy for 100% FSC Certified b
Slide 23: Flagship initiatives: Sofa Rescue
Where are we in 2020? Flagship initiatives Customers Many end up So we now offer to struggle to get rid in landfill collect unwanted of old sofas sofas and break them down for reuse, recycling or the production of new green energy Page 23 DFS Group ESG - Sustainability 2020
Slide 24: Page DFS Group ESG - Sustainability 2020
Page 24 DFS Group ESG - Sustainability 2020
Slide 25: Flagship initiatives: Sofa Rescue results
Where are we in 2020? Flagship initiatives 6,000 50,000 10% sofas collected, sofas expected Up to 10% of from 2867 to be collected customers customers, during 2020 choosing in August 2020 to have their old sofa collected Page 25 DFS Group ESG - Sustainability 2020
Slide 26: Plan Tree
WHERE ARE WE IN 2020? FLAGSHIP INITIATIVES PLAN TREE Deforestation is a While we source For every sofa order massive global wood as sustainably at Sofology we will problem as possible, plant a tree in the we want to go further UK, as part of and contribute to accredited schemes reforestation run by
Slide 27: Plan Tree in action
PLAN TREE IN ACTION For Black Friday 2019 Sofology Almost 2 hectares of new Plan Tree now Sofology’s 100,000 trees will be planted pledged to plant a tree for every woodland will be planted as a permanent reforestation through Sofology’s PlanTree order received that week result initiative in partner
Slide 28: Plan Tree
PLAN TREE 1 TON of CO2 is soaked up by a WHERE ARE WE IN 2020? hardwood tree by the time it’s 40 years old. That’s a FLAGSHIP INITIATIVES huge amount of CO2 1.5 billion trees need to be planted by 150 2050 to help the UK reach its years before an oak tree is net-zero targets strong enough to be used
Slide 29: Page DFS Group ESG - Sustainability 2020
Page 29 DFS Group ESG - Sustainability 2020
Slide 30: What's next?
TODAY WHAT’S NEXT? Page 30 DFS Group ESG - Sustainability 2020
Slide 31: What's next?
WHAT’S NEXT? Our main aim is to never stop improving. We’re working towards the WOOD furniture We’ll need to ensure all our cabinet furniture foundation targets we’ve set for phase 1 and will continue those efforts. complies with FSC standards But we’re already into research & development for phase
Slide 32: Phase 1 ESG targets
PHASE 1 ESG TARGETS E S G P H A S E 1 F O U N D AT I O N TA R G E T S SECTION KPI TA R G E T DFS SOFOLOGY DWELL All aspects of Timber Sourcing for sofa manufacture from Environmental Wood Sourcing FSC certified sources. Publish timber sourcing policy for 100% FSC Certified Wood by 2025 Dec - 2025 De
Slide 33: In summary
IN SUMMARY Opportunity, not Thinking and acting Foundations and Phase 1 not cost Being more Obligation Circular Flagships Additive Transparent For further information Please download the investors pack on the DFS Group corporate website and learn more about our ESG Foundations and Flagships Email ph
Slide 34: Q&A
Q&A Page 34 DFS Group ESG - Sustainability 2020
Slide 35: Thank you
THANK YOU Page 35 DFS Group ESG - Sustainability 2020