Tesco and Society Report announces far-reaching social responsibility ambitions

23 May 2013

Tesco today published its first ‘Tesco and Society Report’ today setting out three new social ambitions for the business. The report lays out the businesses new strategy, ambitions and plans in three key areas that matter to Tesco’s colleagues, customers and to society as a whole.

  • New focus on opportunities for young people, health and food waste
  • Published alongside 2013 Annual Report
  • Tesco UK colleagues receive £56m shares award

Tesco today published its first ‘Tesco and Society Report’ setting out three new social ambitions for the business. The report lays out the businesses new strategy, ambitions and plans in three key areas that matter to Tesco’s colleagues, customers and to society as a whole:

  1. Providing opportunities for young people
  2. Helping our customers and colleagues to live healthier lives
  3. Reducing food waste globally.

These ambitions build on the essential work already underway in reducing the impact on the environment, being a great employer, supporting local communities and trading responsibly

The report follows the launch earlier this year of Tesco’s third value “to use our scale for good,” which builds on its long-held values of “no-one tries harder for customers” and “we treat everyone how we like to be treated.”

Tesco CEO Philip Clarke says, “At Tesco we want to put in more than we take out and we want that to apply to everything we do. Our scale gives us an opportunity to make a positive difference to some of the biggest challenges facing the world. We have given a lot of thought to where we are most relevant and where we have an authentic contribution to make. These ambitions express our determination to use our scale for good to create greater value for society.”

Tesco has also published its 2013 Annual Report today, detailing progress and strategic priorities. It follows news that Tesco colleagues in the UK will receive a share award of £56million this year, as a thank you for their hard work and dedication.

To read the Tesco and Society Report, visit www.tescoplc.com/societyRebecca Shelley’s accompanying blog can be found on www.tescoplc.com/talkingshop

To read the Annual Report, visit www.tescoplc.com/ar2013

ENDS             

For more information please contact the Tesco Press Office on
01992 644645

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