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Environment
“Climate change is a major issue for investors and companies, but most of all for consumers. It is difficult for investors or the companies that provide our food and goods to have a ‘conscience’ regarding climate change. Of course the directors and employees of investment managers and corporations care deeply about these issues. But there is a practical limit to what they can do. The great democracy of commerce is played out at the cash till, every day. Consumer purchasing decisions – aggregated together – every hour of every day, direct the world economy, for better or for worse.Leading retailers like Tesco represent the gateway through which consumers invest in the production of colossal greenhouse gas emissions. It is important to understand the very significant role of our major supermarkets in the battle against climate change. For this reason we applaud the efforts of all retailers to come to grips with this very severe problem.”
Paul Dickinson
Co-ordinator
Carbon Disclosure Project
In 2005/06 Tesco was the leading food and drug retailer in the Carbon Disclosure Project Leadership Index.
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Paul Dickinson
Co-ordinator, Carbon
Disclosure Project