Friday Five: Sainsbury’s to invest in sustainable start-ups

1. Sainsbury’s invest in sustainable start-ups

Sainsbury’s — the UK’s second-largest supermarket chain — has launched a new initiative to aid sustainable technology start-up firms. Over the next four years, the food retailer plans to invest a minimum of £5 million into new businesses commercialising technologies that aim to lower carbon emissions and water usage as part of their commitment to helping tackle the climate crisis.

Hands exchanging SIM cards and mobile vouchers

2. The ‘food bank’ for online data

As the cost of living crisis squeezes millions of households, many people have ditched their online access to save money and afford basic amenities. Mobile operator Virgin Media 02 is donating 20GB of free data per month to people who need data but struggle to bear the expense to help them stay connected.

Depressed picture of Meta owner, Mark Zuckerberg

3. Meta reports first-ever revenue drop

For the first time in Meta’s history, it reported a year-on-year revenue decline as advertisers cut their spending on Facebook. Although major ad forecasters have slashed their overall ad spending outlooks for the year, Meta’s business model and reputational issues may have shifted them to competitors, such as the detrimental impact of the 2020 advertiser boycott.

Man on laptop in work office

4. Workers demand a four-day workweek

New research revealed a high demand for a four-day workweek and hybrid work model among office workers. Business chat platform provider Slack discovered that 86% of UK office workers would prefer to work more hours a day over four days, while 66% would seek a new job if their company failed to provide hybrid or remote working.

Happy staff having meeting in work office

5. Reshaping organisational culture with purpose at its heart

At the CIPD Festival of Work 2022, Zone attended a conference about reshaping and redefining organisational culture with purpose at its heart with guest speakers Genevieve Edwards, CEO of Bowel Cancer UK, and Fiona Brunskill, Director of People and Culture at Transport for London (TfL).



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