M&S has become the first to sign up UNICEF’s new carbon offset project aiming to improve the health and lives of vulnerable children while cutting carbon emissions. The UK retailer will initiate the project in early 2014 by providing funds for 40,000 fuel efficient, low pollution cooking stoves to be manufactured, sold and maintained by local entrepreneurs in Bangladesh.
These new stoves will be 50 per cent fuel efficient than traditional stoves, producing one tonne less carbon emissions each year and will be used by low income families from over 2,000 villages across Bangladesh. With this project over 150 new jobs will be created as local people will be trained to manufacture, market and install these stoves.
“This project will have a huge impact in a country that is extremely important to M&S. Being carbon neutral which is a key part of ‘Plan A’, it is important that wherever we can, we invest in high quality offsets that support communities within which we operate,” informs Marc Bolland, Chief Executive, M&S.
