Tesco (TSCO) Investor Presentation summary

Sustainability strategy and integration

• Sustainability is central to purpose, fully integrated into business structure, governance, and remuneration.

• Approach addresses food system, environment, health, and community impact, with robust governance and value chain focus.

• Executive Committee members oversee sustainability functions, supported by specialist roles across the business.

• Board and committees provide oversight, with sustainability targets embedded in strategic priorities and decision-making.

• Remuneration and financing are linked to sustainability performance, reinforcing accountability.

Material issues and commitments

• Material issues include climate change, healthy diets, diversity, food waste, and packaging.

• Net zero across supply chain by 2050; carbon neutral operations by 2035; 65% healthy sales by 2025.

• Halve food waste and achieve fully recyclable own-brand packaging by December 2025.

• 42% female senior managers and 19% ethnically diverse leaders by 2028.

• 100% renewable electricity and zero net deforestation soy already achieved.

Value chain and stakeholder engagement

• Major environmental impacts are upstream and downstream; focus on supplier engagement and customer behavior.

• Initiatives include supporting suppliers' net zero ambitions, low-carbon farming, and EV charging for customers.

• Food waste reduction through crop utilization and consumer education.

• Active role in industry frameworks and partnerships for nature and responsible sourcing.

• Community and colleague engagement through diversity, equity, and inclusion initiatives.