Sainsbury Full-Year Report 2023
Highlights
- Statutory profit before tax
- £44m (2022: £21m)
- Financial Services Underlying profit before tax
- £58m (2022: £64m)
- Net interest margin (underlying)
- 5.1% (2022: 4.5%)
- Bad debt asset ratio
- 2.1% (2022: 1.2%
- Reduction in paper usage by encouraging customers to go paperless for statements and delivering a number of online apps
- which encourage customers to self-serve online and in time will reduce the need for written correspondence
- Our new credit cards issues are made from 57% recycled plastic
- Adding symbols to our instore marketing materials so instore colleagues know how to recycle them
- In our offices we have upgraded to LED lighting and have an active campaign ongoing to reduce consumption of single-use
- plastics and paper
- Updated our Wholesale Credit Risk Policy such that the Group will not directly finance companies or organizations whose
- main activities actively contribute to climate change.