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M&S Aims to Become Carbon-Neutral by '12

Marks & Spencer, Britain's largest clothing retailer, said Monday it will begin a 200 million pound ($391.9 million) plan designed to make the business more environmentally friendly.

The 100-point "Plan A," as the program is known, seeks to make M&S carbon-neutral by 2012, the company said in a statement. It also aims to cut all landfill rubbish and extend sustainable sourcing.

"M&S will change beyond recognition the way it operates over the next five years," said Chief Executive Stuart Rose. "We will become carbon neutral, only using offsetting as a last resort; we will ensure that none of our clothing products or packaging needs to be thrown away; much of our polyester clothing will be made from recycled plastic bottles instead of oil."

Marks & Spencer shares rose 0.7% to 694.5 pence ($13.60) on the London Stock Exchange.