Tesco PLC is the largest retailer in the United Kingdom and the third-largest grocery retailer in...

 
 

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Tesco PLC is the largest retailer in the United Kingdom and the third-largest grocery retailer in the world, with operations in 14 countries. The company manages its business using a model called Steering Wheel (SW), which is basically a balanced scorecard comprising the key elements of business customers. operations, people, finance, and community. Environmental sustainability aspects are integrated into SW as part of the community element. Tesco recognizes that tackling climate change is fundamental to its environmental strategies. It has set out three strategies as part of its climate change program: Leading by example, reducing own direct carbon footprint; Working with its supply chains and partners to reduce emissions more broadly, and leading a revolution in green consumption. In addition to the climate change strategy, the company is actively involved in reducing waste. improving recycling, reducing unnecessary packaging, and promoting the use of sustainable products with minimal adverse impact on biodiversity. It regularly sets its own targets and aims to achieve the targets. In the past few years, the company has registered impressive performances in terms of setting and achieving targets: including being the first major retailer to carbon label 100 own-brand products in Ireland and the United Kingdom; New stores have been built using environmentally sustainable materials and principles, and the company halved its energy use per square foot in its UK stores (against a baseline of 2000). Some targets the company set for itself, as per its Corporate Responsibility Report 2009, including halving emissions from existing buildings and new stores by 2020 and halve distribution emissions of each case of goods delivered by 2012, against a baseline of 2006. Notable among the achievements of Tesco PLC in terms of environmental sustainability are the following: The company committed around $40 million to create the new Sustainable Consumption Institute (SCI) at the University of Manchester, United Kingdom. The company set for itself a target of halving the avenge energy use in its buildings compared to 2000 levels and achieved this target two years early in 2008. It created the Sustainable Technology Fund to support environmentally sustainable technologies that are not yet commercially viable. The company reduced the amount of carbon emitted in distribution network by 10%. It encourages the use of fully electric vans for its home delivery fleet. In 2008, the company reduced the amount of waste going into landfills by over one-third. It has set a target of diverting 95% of the waste away from landfills. Through these initiatives, Tesco is aiming to be a leader in the global retailing market in terms of environmental sustainability. Questions 1.1 How is Tesco doing in terms of environmental sustainability? 1.2 Based on library and Internet research, report on other environmental sustainability practices used at Tesco. Tesco PLC is the largest retailer in the United Kingdom and the third-largest grocery retailer in the world, with operations in 14 countries. The company manages its business using a model called Steering Wheel (SW), which is basically a balanced scorecard comprising the key elements of business customers. operations, people, finance, and community. Environmental sustainability aspects are integrated into SW as part of the community element. Tesco recognizes that tackling climate change is fundamental to its environmental strategies. It has set out three strategies as part of its climate change program: Leading by example, reducing own direct carbon footprint; Working with its supply chains and partners to reduce emissions more broadly, and leading a revolution in green consumption. In addition to the climate change strategy, the company is actively involved in reducing waste. improving recycling, reducing unnecessary packaging, and promoting the use of sustainable products with minimal adverse impact on biodiversity. It regularly sets its own targets and aims to achieve the targets. In the past few years, the company has registered impressive performances in terms of setting and achieving targets: including being the first major retailer to carbon label 100 own-brand products in Ireland and the United Kingdom; New stores have been built using environmentally sustainable materials and principles, and the company halved its energy use per square foot in its UK stores (against a baseline of 2000). Some targets the company set for itself, as per its Corporate Responsibility Report 2009, including halving emissions from existing buildings and new stores by 2020 and halve distribution emissions of each case of goods delivered by 2012, against a baseline of 2006. Notable among the achievements of Tesco PLC in terms of environmental sustainability are the following: The company committed around $40 million to create the new Sustainable Consumption Institute (SCI) at the University of Manchester, United Kingdom. The company set for itself a target of halving the avenge energy use in its buildings compared to 2000 levels and achieved this target two years early in 2008. It created the Sustainable Technology Fund to support environmentally sustainable technologies that are not yet commercially viable. The company reduced the amount of carbon emitted in distribution network by 10%. It encourages the use of fully electric vans for its home delivery fleet. In 2008, the company reduced the amount of waste going into landfills by over one-third. It has set a target of diverting 95% of the waste away from landfills. Through these initiatives, Tesco is aiming to be a leader in the global retailing market in terms of environmental sustainability. Questions 1.1 How is Tesco doing in terms of environmental sustainability? 1.2 Based on library and Internet research, report on other environmental sustainability practices used at Tesco.