(News Bulletin 247) – Tesco today presented a plan to reduce emissions across its own operations and value chain, as it becomes one of the first retailers in the world to have its ‘net-zero’ targets by the Science Based Targets Initiative ( SBTi), the official body that validates climate targets.
Tesco’s targets are to reduce absolute scope 1 and 2 emissions from its own operations by 85% by 2030 compared to the 2015 baseline, and by 55% for scope 3 by 2032, compared to the reference year 2019.
Tesco thus claims to have become “one of the first companies in the world to have specific objectives, validated by the SBTi, focused on greenhouse gas emissions from forests, land and agriculture”.
The validated targets will see Tesco work towards its commitment to become carbon neutral in its own operations by 2035 and across the value chain by 2050, in line with the Paris Agreement target of limiting the rise in global temperature at 1.5°C.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
