Tag: Tesco

Tesco takes action to improve marine sustainability, moving to a Seascape approach for tuna sourcing

Stuart Mitchell

Tesco has joined WWF in advocating for a Seascape approach to marine sustainability, which is designed to ensure whole marine ecosystems are maintained in a healthy, productive way. The retailer will first adopt the Seascape approach for its tuna sourcing and has set out a roadmap to transition to ecosystem-based fisheries management by 2030. Despite improvements in fisheries management, marine biodiversity continues to be at risk from overfishing, with 94% of all fish stocks either overfished or at a maximum sustainable level. Amongst the species most as risk is tuna,…

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Tesco announces long-term support for 1,300 of its smallest suppliers

Stuart Mitchell

Tesco has announced its improved payment terms for its smallest suppliers will remain in place until the end of February 2022. The improved terms have been supporting suppliers since March last year and now more than 1,300 of Tesco’s smallest suppliers will continue to have their invoices paid immediately, instead of the usual 14 days. Since the beginning of the COVID-19 pandemic, smaller suppliers have been amongst the hardest hit in the food industry. The extension of Tesco’s improved payment terms will mean small businesses will continue to be supported…

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Brits are creating the highest demand for fruit and vegetables this century

Stuart Mitchell

Healthy-minded Brits are creating the biggest demand for fruit and vegetables this century, latest sales data can reveal. Since the first lockdown started last year, stay-at-home Brits with more time on their hands have been able to spend more time at home cooking. The trend has been noticed at Tesco stores across the UK, many of which are seeing record-breaking weekly demand for healthy vegetables, fruit and salad. Among the most popular being bought are: Maris Piper potatoes – up by 60 per cent on a year ago Limes –…

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Tesco launches first sustainability-linked bond of €750m

Stuart Mitchell

Tesco has launched a bond that, for the first time, is linked to the Company’s commitment to reduce greenhouse gas emissions. Tesco was the first business globally to set a zero-carbon goal in 2009 and later the first FTSE 100 Company to set science-based carbon reduction targets on a 1.5-degree trajectory. The launch of our first sustainability-linked bond further demonstrates the strength of our commitment to reduce our impact on the environment and become a net zero carbon business in the UK by 2035. The €750m bond with a 0.375%…

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New vegan jam doughnut is launched by Tesco

Stuart Mitchell

We’ve recently had the plant-based sausage roll and turkey crown – and now another iconic staple is finally being launched for vegans – the jam doughnut. The Jazzy Jam Doughnut is entirely vegan and will be launched under Tesco’s exclusive Wicked Kitchen brand across the UK. The historic move further marks the supermarket’s commitment to grow its plant-based food range and offer shoppers exciting new vegan treats. In the last year, demand for chilled plant-based foods at Tesco has grown by more than 50 per cent. This growth has been…

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