Monday, September 22, 2008

Tesco plans to go Green

Tesco’s latest corporate responsibility review outlines the key aims of the born-again supermarket. These include adopting a number of measures to become climate-friendly. They have landmark plans, such as building renewables on-site, launching a £100 million climate technologies fund, and carbon labelling goods in store.
Tesco’s new climate friendly policies not only give the supermarket a new look, they also fall neatly in line with recently announced plans by the UK government to include supermarkets in the emissions trading scheme and encourage a carbon labelling scheme into place, which may one day be mandatory. Alongside this sits planned EU legislation to ban HFC fridges.
Tesco outlined goals like cutting energy use by 50% per square foot, investing £500 million into green renovations and research, £100 million to researching and developing low-carbon technologies and £5 million will be used to launch Tesco’s new Institute for Sustainable Consumption.
Climate Change Corp. seems a bit skeptical about these ambitious plans, especially considering they are happening in the wake of huge Tesco expansions.

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