Tesco is a retail company based in the United Kingdom (UK). It handles 80 million weekly transactions and operates over 6,800 stores across the world. The UK and Republic of Ireland geography is the largest business segment in the group, with over 3,700 stores accounting for 79% of group revenue. Other business segments include retail divisions in Central Europe (Hungary, Slovakia and Czech Republic) and Tesco Bank. Tesco sources its products from 73 countries and works with 20,000 farmers in the UK alone to source fresh produce.
Tesco ranks 1st amongst food retailers and 6th in the food and beverage processor segments, highlighting that it is a leader in both areas. Tesco performs strongly in all measurement areas. In environment, it ranks 1st amongst food retailers and 9th amongst processors, with leading practices across multiple topics, notably on protein diversification and GHG emissions. Similarly, Tesco performs strongly in nutrition, where it ranks joint 2nd amongst retailers and joint 12th amongst food and beverage processors, due to its disclosure on most indicators and provides quantitative data and time-bound targets to support its activities. Nonetheless, there is an opportunity for the company to improve further, notably in governance and strategy. While the company provides strong disclosure on its overall sustainable development strategy, Tesco could report more on how it engages stakeholder when formulating this strategy, an area where it currently lags against its peers.
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- Welwyn Garden City, United Kingdom
- Food and agriculture revenue USD
- Group revenue USD
- Onwnership structure
- Publicly listed
- Number of employees