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Kingfisher (LON:KGF) publishes Corporate Responsibility Report 2007/08

Published 06-04-08

Issued by Kingfisher

Summary

The report sets out the company's focus in 2007/08 to develop a new sustainability strategy which will prepare the business for the future

Report Highlights

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Kingfisher has published its Corporate Responsibility (CR) Report 2007/08, entitled ‘Steps for a Sustainable Future’. The full report is available at www.kingfisher.com/CR07. A summary report is also available as a PDF or a print version can be ordered from corporateresponsibility@kingfisher.com

The report sets out Kingfisher’s focus in 2007/08 to develop a new sustainability strategy which will prepare the business for the future. The video introduction from Ian Cheshire, Group Chief Executive, highlights how the company is working to deliver on its new aim “to fully integrate sustainability into business-thinking and to be the customer choice for sustainable home improvement products and services”. Kingfisher is working to deliver its strategy through a new set of sustainability goals.

A number of operating companies have made good progress over the past year towards helping customers create more sustainable homes. For example, B&Q UK made a commitment to One Planet Living and is working to introduce a range of One Planet Home products. At Castorama France, eco-products accounted for 8% of total sales and included over 2,000 product lines. B&Q China continued with its Better Homes campaign.

The report also outlines how Kingfisher is working to implement consistent standards across its international businesses through its Steps to Responsible Growth environmental and social management programme. The majority of operating companies have now met the company’s target to meet the ‘minimum action’ level of performance (or above) for the 12 key issues. In 2008, the Steps programme will be reviewed in the light of the new sustainability goals.

Addressing climate change has been a key focus during the year, with store energy efficiency improving by 7% and a new CO2 reduction target set.

This is the first year that Kingfisher’s report has been reviewed by an independent stakeholder panel as part of the assurance process. The report is in accordance with the B+ level of the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines (G3).

Your feedback will help the company develop future reports. Please go to www.kingfisher.com/survey and let Kingfisher know what you think.

Kingfisher

Kingfisher

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