Supermarket giant commits to 100% renewables

Multinational supermarket Tesco has pledged to source all of its electricity from renewables by 2030 in addition to cutting its emissions by 60 per cent by 2025

Tesco – which is one of the world’s largest retailers, with 6,500 stores in 8 countries – has become the 93rd RE100 company to commit to 100 per cent renewable energy targets.

The international retail company will source more than half of its renewable energy 100 per cent target from onsite generation and power purchase agreements (PPAs) with direct suppliers.

Tesco has also set an interim target to source 65 per cent renewable electricity by 2020.

Other high profile RE100 members include IKEA, the BMW Group, UBS, Bank of America and Unilever.

Tesco has also become one of 44 international companies to have had its emissions reduction goals approved by the Science-Based Targets (SBT) initiative.

The SBT is a joint initiative of CDP, the UN Global Compact (UNGC), the World Resources Institute (WRI) and WWF, which aims to enable leading companies to set ambitious and meaningful corporate greenhouse as reduction targets that in line with what is required to keep global temperature increases below 2°C of warming.

To date, over 260 companies around the world have signed up or had their targets approved under the SBT initiative, including Coca-Cola.

Under its SBT plan, Tesco has committed to achieve absolute reductions – based on 2015 level – of 60 per cent by 2025 and 100 per cent by 2050.

The international retail company has also pledged to phase out plastic microbeads from its products.

Earlier this year, Tesco announced the launch of an innovative platform which will help identify areas where food waste can be tackled. 

Tesco said it is committed to help halve all UK food waste by 2025.

News published on Climate Action Programme
Consult the source


Moderated by : Sylvain Bosquet

Other news in "Information"

Energy savings: 236 buildings aim for the best progression by 2020

Published 23 May 2017 - 14:20

As the 2020 milestone for both EU and French domestic climate and energy goals approaches, the energy savings contest CUBE 2020 gets more relevant than ever.  It is indeed a solution for owners and users of commercial and educational (...)

$890m EU package to help 79 developing nations combat climate change

Published 22 May 2017 - 09:04

he European Union (EU) will support 79 developing nations in Africa, the Caribbean and the Pacific (ACP) with a €8 million ($891m) to implement a global deal to combat climate change. The European Climate Commissioner, Miguel Arias (...)

Open Calls for Decision Metrics and Finance (DMF) Flagships

Published 22 May 2017 - 09:04

On March 20th, the Building Technologies Accelerator (BTA) of Climate-KIC organized a round table in Zurich to gather stakeholders of the wooden construction sector in Switzerland. The event was meant to conduct a reflexion on the (...)


Comments





Search through the news

Enter your own key word



Other news



Categories


Most read articles