118


John Lewis Partnership plc Annual Report and Accounts 2015 Directors’ report (continued)


Greenhouse gas emissions


Global GHG emissions data for the period 26 January 2014 to 31 January 2015: Tonnes of CO2


Emissions from:


Scope 1: Combustion of fuel and operation of facilities


Scope 2: Electricity purchased for own use


Scope 3: Water supply and treatment, business travel by rail or air, waste to landfill


Total Intensity measurement:


Emissions reported above normalised to per £million sales


Methodology


The Partnership has reported on all of the emission sources as required under the Companies Act 2006 (Strategic Report and Directors’ Reports) Regulations 2013.


The reporting followed the 2013 UK Government environmental reporting guidance (Chapter 2) and used the GHG Protocol Corporate Accounting and Reporting Standard (revised edition), data gathered to fulfil our requirements under the CRC Energy Efficiency scheme, and, where available, emission factors from UK Government’s GHG Conversion Factors for Company Reporting.


2014 and 2015 data has been calculated using Defra-DECC 2014 emissions factors, with the exception of certain refrigerants, and some emissions sources associated with our Leckford farm which are taken from industrial and academic sources.


Excluded from this scope are emissions from sites operated by stores under licence and franchisees (both overseas and Welcome Break franchises).


53.4 205,278 316,343 62,294 583,915 e


The Partnership has commissioned DNV GL to undertake independent assurance of Greenhouse Gas emissions data in the 2015 Annual Report and Accounts and online environmental reporting.


DNV GL performed its work using international assurance standards, including the International Standard on Assurance Engagements 3000 (Revised) – ‘Assurance Engagements Other Than Audits and Reviews of Historical Financial Information’ and ISO19011. For a full description of the work they performed, please see their assurance statement on www.johnlewispartnership.co.uk


Groceries (Supply Chain Practices) Market Investigation Order 2009 (‘the Order’) and the Groceries Supply Code of Practice (‘GSCoP’)


Waitrose has remained compliant with the Order and the GSCoP during the period and the business continues to ensure that its comprehensive Partner training programme (including annual refresher and new starter training), together with the ongoing monitoring of supplier contracts, promotes the necessary awareness and behaviours in order to ensure compliance.


As required by the Order and the GSCoP, the Code Compliance Officer is obliged to present a report detailing Waitrose’s compliance to the Partnership’s Audit and Risk Committee for approval. The report is then submitted to the Groceries Code Adjudicator and the Competitions and Markets Authority.


The Audit and Risk Committee, at its meeting on 14 April 2015, approved the Code Compliance Officer’s report on Waitrose’s compliance for the 12 month period ending 31 January 2015. The Audit and Risk Committee noted that Waitrose had not been the subject of any supplier or supply chain disputes under the Order or GSCoP during the period. The Audit and Risk Committee also noted that Waitrose’s approach to GSCoP compliance reflects the Partnership’s commitment to its overarching principle of fairness governing its relationships with suppliers.


Political donations The Partnership made no political donations.


Directors’ interests


Under the Constitution of the Partnership, the Executive Directors, Elected Directors and Partners’ Counsellor, as employees of John Lewis plc, are necessarily interested in the 612,000 Deferred Ordinary Shares in John Lewis Partnership plc, which are held in trust for the benefit of employees of John Lewis plc and certain other companies.


Any conflicts of interest are disclosed on page 92 and details of the Directors’ service agreements and notice periods are given on page 114.


Capital structure and purchase of shares


At 31 January 2015, the Partnership had in issue 3,696,995 5% Cumulative Preference stock, 500,000 7.5% Cumulative Preference stock (together “the Preference Shares”), 612,000 Deferred Ordinary Shares and 104,169,594 SIP Shares. Under the Constitution, the 612,000 Deferred Ordinary Shares in John Lewis Partnership plc are held in trust for the benefit of employees of John Lewis plc and certain other trading companies within the Partnership.


There are no voting rights attached to the Preference Shares unless the preference dividend is six months in arrears or unless a resolution is proposed which directly affects the interest of these shares as a class.


At the Annual General Meeting held on 5 June 2014, the Partnership was authorised to make market purchases of up to £3,696,995 in nominal amounts of the 5% Cumulative Preference stock and up to £500,000 in nominal amounts of the 7.5% Cumulative Preference stock, representing the remaining stock in issue. No purchases were made during the year, and shareholders will be invited to renew the authority at the Annual General Meeting, as detailed on page 179. The Partnership Board considers that these stocks are an inefficient form of fixed interest finance and that it would be advantageous to the Partnership to acquire them over time as suitable opportunities arise.


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