Tesco PLC
Food & Drug Retailing
Company Summary
Tesco PLC is the market leader in the grocery value chain in the UK. It provides food products in stores and online; and operates mobile virtual network. Tesco PLC was founded in 1919 and is headquartered in Welwyn Garden City, the United Kingdom. The company's supply chain includes sourcing, manufacturing, distribution, retail operations, product and packaging development, strategic sourcing, and responsible sourcing, among other things. They have a low ESG risk, medium exposure to material ESG issues, and a strong score in managing those ESG issues. The company faces specific material ESG issues related to data privacy and cybersecurity, human capital, business ethics, and product governance. They have had controversies regarding human rights, animal welfare, bribery and corruption, and anti-competitive practices. Tesco's sustainability targets include a decarbonisation target by 2050, and their net zero emissions goals are misaligned with the Paris Agreement but are in line with a business-as-usual scenario. The UK grocery giant has taken several initiatives to reduce their environmental impact such as to reduce waste, use renewable energy, and promote sustainable packaging. They need to focus more on investment in renewable energy and support initiatives to mitigate climate change. There are no sustainable development goals that the company is aligned with so far. Download latest Tesco ESG report, to learn more about the company's positive impact on the planet, customers, suppliers, partners, and communities.
ESG Rating Overview
Sustainalytics
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LSEG
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MSCI
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Tesco is a leader among 138 companies in the retail - food & staples industry.