Tesco set to become first UK retailer to offer sustainability-linked supply chain finance

Tesco is set to become the first UK retailer to offer its supply base sustainability-linked supply chain finance, in a move the retailer hopes will encourage more suppliers to sign up to science-based emissions reduction targets. The voluntary programme, which has been in development for 18 months and is due to launch in September, will see annual greenhouse gas emissions data provided by suppliers independently verified and assessed by sustainability experts, Anthesis. KPMG are engaged to carry out assurance of the programme*. Tesco suppliers will be offered preferential financing rates…

Read More