Press

The European Corporate Sustainability Reporting Directive comes into force in 2024 and almost two-thirds (60%) of UK companies are set to miss an upcoming Scope 3 emissions reporting deadline, according to a survey, putting them at risk of fines and losing customers.

Royal Mail’s depressing year was compounded with today’s £1bn loss, and while times look tough for the company, owned by International Distributions Services PLC, the boom of artificial intelligence (AI) may light the road to recovery.

Research conducted by Census-wide on behalf of 7bridges surveyed 800 businesses with over 250 employees in sectors such as retail, pharmaceutical, manufacturing, and logistics. It found that 60% of businesses surveyed believed that they may not be prepared to meet the new requirements for Scope 3 emissions reporting by the deadline.

Six in ten UK businesses are unlikely to be ready to meet the January 2024 deadline for enhanced climate disclosures set by the EU, a survey of 801 firms has found.

A new survey has revealed that in the last three months 43% of consumers have been impacted by supply chain disruptions and 47% think brands can be doing more to prevent them.

With consumer trust and satisfaction in retailers falling to new lows, and supply chain issues once again getting the blame for product shortages and rising prices, traditional players in the retail space must look to the real innovators for lessons in agility and resilience.