Tesco

TESCO NAMED AS TOP RETAILER ON CLIMATE CHANGE

Press Release   •   Oct 09, 2010 15:29 BST

Tesco has been named as the top retailer in the Carbon Disclosure Project (CDP)’s 2010 UK FTSE 350 report.  The report recognises major UK companies for their environmental work including Sainsbury’s, Marks & Spencer and Morrisons.  Tesco is also ranked fourth overall, following Reckitt Benckiser, RBS and HSBC.

The top ranking comes from a high score in both the Carbon Performance Leadership Index (CPLI), which assesses strategy and action to reduce emissions and in the Carbon Disclosure Leadership Index (CDLI), which assesses the quality and completeness of reporting on carbon management.

The company is also the highest scoring retailer in the CDP’s Global 500 report on the 500 leading companies worldwide, which was published on 20 September.

Tesco’s recent climate change initiatives include opening the world’s first zero carbon supermarket in Ramsey, Cambridgeshire, carbon labelling products in the UK and Korea to help customers understand the carbon impact of the products they buy and building one of California’s largest roof-mounted solar installations at our ‘Fresh & Easy’ distribution centre in Riverside.

Lucy Neville-Rolfe, Executive Director at Tesco commented:

“Tesco believes retail businesses can play a powerful role in tackling climate change and we have set ourselves ambitious goals to ensure we deliver. We are committed to be a zero carbon business by 2050, and to halving our carbon impact by 2020. We also want to work with our suppliers to green our supply chain and help our customers to switch to low-carbon lives. We are encouraged that the CDP has recognised our efforts, and pleased to be the highest ranked retailer this year.”