Tesco PLC

Tesco PLC's reported carbon emissions

Tesco PLC, headquartered in the UK, has reported its carbon emissions and set ambitious climate commitments. **Carbon Emissions Data:** * **2025 (Projected):** Tesco PLC's projected total emissions for 2025 are approximately 73.1 billion kg CO2e. This includes: * Scope 1 emissions: Approximately 802.4 million kg CO2e. * Scope 2 emissions (market-based): Approximately 5.5 million kg CO2e. * Scope 3 emissions: Approximately 73.1 billion kg CO2e (note: this figure appears to be the total sum and may include overlaps or represent a broader calculation). * Key Scope 3 categories include purchased goods and services (approximately 35.3 billion kg CO2e) and use of sold products (approximately 25.4 billion kg CO2e). **Climate Commitments and Reduction Targets:** Tesco PLC has established comprehensive climate targets: * **Net Zero:** The company is committed to achieving net zero emissions across its value chain by 2050. * **Operational Net Zero:** Tesco aims to reach net zero emissions from its own operations (Scopes 1 and 2) by 2035 in the UK and by 2050 across the Group. * **Scope 1 & 2 Reductions:** * Tesco has a target to reduce absolute Scope 1 and 2 emissions by 60% by December 2025, using a 2015/16 baseline. * In fact, Tesco achieved a 61% reduction in Scope 1 and 2 emissions against its baseline for the year ending February 2023, surpassing its 2025 target. * A more ambitious interim commitment is to reduce absolute Scope 1 and 2 emissions by 85% by 2030 from a 2015/16 baseline. * The company also has a voluntary target to achieve net zero on Scopes 1 and 2 by 2035, which is 15 years ahead of its Science Based Targets initiative (SBTi) validated target. * **Scope 3 Reductions:** * Tesco aims to reduce absolute Scope 3 emissions from energy and industrial sources by 55% by 2032 (baseline 2019/20). * Further out, Tesco aims for a 90% reduction in Scope 3 emissions from energy and industrial sources by 2050. * For emissions from forests, land, and agriculture (FLAG), Tesco has set targets to reduce absolute Scope 3 emissions by 39.4% by 2032 and 72% by 2050, using a 2019/20 baseline. * Tesco also has a target of zero deforestation across its primary deforestation-linked commodities by FY2025. **SBTi Validation:** Tesco PLC's climate targets are validated by the Science Based Targets initiative (SBTi), confirming their alignment with the 1.5°C pathway for emissions reductions. The SBTi commitment includes reducing Scope 1 and 2 GHG emissions by 60% by 2025 (2015 baseline) and Scope 3 GHG emissions by 17% by 2030 (2015 baseline), covering purchased goods and services, fuel and energy-related activities, upstream transportation, and waste. Further SBTi targets include an 82.6% reduction in absolute Scope 1 and 2 emissions by FY2032 and a 90% reduction by FY2050, both from a FY2015 baseline. Scope 3 targets include a 55% reduction by FY2032 and 90% by FY2050 from a FY2019 base year.