Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

Britain’s Tesco extends net zero pledge

2021 09 23T232251Z 2 LYNXMPEH8M100 RTROPTP 4 CLIMATE CHANGE TESCO - Global Banking | Finance

LONDON (Reuters) – Britain’s biggest retailer Tesco said on Friday it would extend its green targets by promising net zero carbon emissions by 2050 across its operations together with those generated by the products it sells and its supply chains.

Tesco also pledged a new group-wide net zero target of 2035 for all its own operations, bringing it into line with the ambition set last year for its UK business alone.

Supermarket groups have been responding to growing consumer demands for less waste, less plastic and more action on the environment.

Tesco said emissions from its products and supply chain make up more than 90% of its total emissions footprint.

It said it would encourage its suppliers to use low-carbon fertiliser and alternative animal feed such as insect meal, and speed up its efforts to tackle emissions from refrigeration, heating and transport.

Tesco’s plan failed to impress environmental campaigner Greenpeace UK, who accused the supermarket group of greenwashing.

“Tesco is desperate to give the impression it’s leading the way on climate ahead of COP26 … But this announcement is just hot air and an attempt to buy time,” said Anna Jones, Greenpeace’s head of forests and food.

In May, Britain reaffirmed its commitment to achieve net zero greenhouse gas emissions by 2050, a pledge it hopes will spur on other nations before November’s COP26 climate summit in Scotland.

(Reporting by James Davey; Editing by Andrew Heavens)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post