Indices and Benchmarks

A selection of some of the benchmarks we are involved in are set out below. They are grouped into a broad range of themes.

Access to Nutrition Initiative

Access to Nutrition Initiative (ATNI) focuses on the food and beverage sector and its role in making healthy food affordable and accessible to consumers. In a recent report, ATNI assessed 10 of the largest UK supermarkets on diets, health and nutrition using publicly available information. Tesco scored 30%, a joint third position in the survey.

Business Benchmark on Farm Animal Welfare

The Business Benchmark on Farm Animal Welfare (BBFAW) is the leading global measure of farm animal welfare management, policy commitment, performance and disclosure in food companies. Established in 2012, it enables a range of groups, including investors, to understand corporate practice and performance on farm and animal welfare. In 2020 Tesco retained the Tier 2 band, indicating how integral farm animal welfare is to our business strategy.


Over the past 15 years CDP has engaged investor and business audiences on environmental issues, providing analysis and scoring of companies. Tesco participates in the annual CDP surveys relating to climate change and forests. In the latest 2020 assessment, we improved our climate change score to an ‘A-’ rating and within the Forests survey we achieved a ‘B’ rating for timber, palm oil and soy.

Corporate Human Rights Benchmark

Corporate Human Rights Benchmark (CHRB) examine and compare human rights practices and procedures of 230 of the largest publicly listed companies, globally. Tesco actively engages with the CHRB survey and supports the principles of its ambition. In 2020 we secured the leading retailer position in the agricultural products benchmark with 21.5/26, fourth overall and second overall in the apparel benchmark.


FAIRR is a global network of investors addressing ESG issues in protein supply chains. In July 2020, FAIRR published phase four of their engagement on protein diversification, which began in September 2016. Tesco achieved the ‘Pioneer’ level with a score of 80/100, the highest score of the 25 global retailers and manufacturers included in the engagement.


The FTSE4Good Index Series helps investors seeking to invest in companies that demonstrate good sustainability practices across a broad range of environment, social and governance themes. In May 2021 Tesco were included in the FTSE4Good UK 50 index.


Greenpeace undertakes an annual assessment of the UK’s largest supermarkets and their contribution to plastic waste. From the 10 supermarkets analysed, Tesco was ranked in 6th place in 2020.

Know the Chain

Know the Chain assesses the 43 largest companies in the food and beverage sector every two years, benchmarking them across seven forced labour themes. The latest 2020 benchmark ranked Tesco first out of the 43 companies with a score of 65/100. The report noted our leading practices on matters such as worker voice and responsible purchasing practices.


MSCI provides environment, social and governance (ESG) performance ratings of 7,500 companies using publicly available information to help investors make broader responsible investment decisions. At our last update in March 2021, Tesco PLC received an MSCI ESG Rating of AA.


Oxfam undertakes an annual assessment of UK-based supermarkets and their policies and practices with regard to human rights within the supply chain through their Behind the Barcodes Supermarket Scorecard. Tesco has been awarded the highest score for the third consecutive year with an overall score of 46% in the 2020 survey.


The Sustainability Accounting Standards Board (SASB) has developed a set of globally applicable, industry-specific sustainability standards. These identify financially material topics and associated metrics, in order for companies to communicate their sustainability approach and performance to investors. We report against the metrics contained within the Food Retailers & Distributors industry standard.


Sustainalytics provide an ESG risk rating for over 12,000 companies designed to help investors identify and understand financially material ESG risks in their portfolio companies and how those risks might affect performance. At our last update in May 2021, Tesco PLC received a rating of 18.3 low risk, ranking 31 out of 187 within the food retailer industry category.


The Taskforce for Climate-related Financial Disclosures (TCFD) has developed a framework to help public companies and other organisations more effectively disclose climate-related risks and opportunities through their existing reporting processes. We have been implementing the recommendations since becoming a signatory in 2017 and report within our Annual Report and Financial Statements

Workforce Disclosure Initiative

The Workforce Disclosure Initiative applies focus on company workforce data and management policies across business operations, from direct employees to those working in the supply chain. We continued our participation in 2020 and achieved an overall disclosure score of 75%, which is above both the average disclosure score for all companies participating and those of our sector.