Press release -
Tesco named top UK climate change business
Tesco has been named the best UK company for its efforts in tackling climate change, by industry-renowned FTSE 350 Carbon Disclosure Project. The news comes just one month after it was awarded top retailer globally for the second year running.
Tesco has been making efforts to cut its carbon emissions since 2007, as part of its climate change strategy1 to become a zero carbon business globally by 2050. The CDP’s FTSE 350 report assesses the business strategy as well as action on tackling carbon, alongside the quality and completeness of its carbon management and reporting. This year Tesco has achieved the highest ever disclosure score (97) of a FTSE 350 company and is the only company to be ranked two years running in the CDP’s Performance Leadership Index – rewarding comprehensiveness of climate change strategy.
In addition to opening the world’s first zero-carbon supermarket2, Tesco has carbon footprinted over 1000 products since 2008, currently the largest effort undertaken by any retailer. This is part of a commitment to reduce supply chain greenhouse gas emissions by 30 per cent by 2020.
David North, UK Corporate Affairs Director said: “I’m delighted that the CDP recognises Tesco as the best UK business and a global leader on tackling climate change. We are on track to become a zero-carbon business and our low-carbon investment is already saving us £150 million a year. But our strategy is about more than that. We want to help lead the revolution in green consumption that we need if we are to succeed in tackling climate change.”
Activities that helped rank Tesco the best overall business in the UK CDP list include introducing a new low carbon distribution centre in Daventry3, installing giant distribution centre wind turbines4 to reduce emissions, reducing maximum fleet speed, introducing bigger lorries and installing energy monitoring boards in stores. Since the last report, Tesco’s property portfolio5has increased while emissions continued to fall in the UK.
In addition, more than 350 suppliers in over 10 countries have joined the retailer’s new online ‘Knowledge Hub’ - a place for suppliers to share carbon reduction experiences through a variety of seminars, discussion forums and educational visits. Tesco’s first set of ‘Greening the Supply Chain Awards’ were presented at the end of September, recognising suppliers making solid progress in carbon reduction. The retailer is also currently running five product trials to identify hotspots for carbon reduction.
- Environment, Energy