Tesco PLC

Tesco PLC, a company operating within the Other business services (74) sector in Great Britain, has established a comprehensive climate strategy with ambitious reduction targets.

Carbon Emissions Data:

For the year 2025, Tesco PLC reported a total of approximately 73.1 billion kg CO2e in emissions. This figure is broken down into:

• Scope 1: Approximately 802.4 million kg CO2e.
• Scope 2 (Market-based): Approximately 5.5 million kg CO2e.
• Scope 3: Approximately 73.1 billion kg CO2e, with purchased goods and services (35.3 billion kg CO2e) and use of sold products (25.4 billion kg CO2e) being the most significant categories.

Climate Commitments and Reduction Targets:

Tesco PLC is committed to achieving net-zero emissions across its value chains by 2050. This overarching goal is supported by several specific targets:

• Own Operations (Scope 1 & 2):

  • A voluntary target to achieve net-zero on Scopes 1 and 2 by 2035, which is 15 years ahead of their Science Based Targets initiative (SBTi) validated target.
  • An interim commitment to reduce absolute Scope 1 and 2 emissions by 85% by 2030, based on a 2015/16 baseline year.
  • An earlier reported target to reduce absolute Scope 1 and 2 emissions by 60% by December 2025 against a 2015/16 baseline. It's noted that for the year ending February 2023, Tesco had already cut Scope 1 and 2 emissions by 61%, surpassing this 2025 target.
  • The SBTi validates targets for Scopes 1 and 2 emissions to reduce by 82.6% by FY2032 and by 90% by FY2050, both from a FY2015 base year.

• Value Chain (Scope 3):

  • A commitment to reach net-zero GHG emissions across the value chain by FY2050.
  • Interim targets for Scope 3 emissions include a reduction of 55% by FY2032 (baseline FY2019) for energy and industrial sources.
  • Specific targets for forests, land, and agriculture (FLAG) emissions include a reduction of 39.4% by FY2032 and 72% by FY2050, both from a FY2019/20 baseline. Tesco also commits to no deforestation across its primary deforestation-linked commodities by FY2025.
  • The SBTi has validated targets for a 17% reduction in Scope 3 GHG emissions by 2030, using a 2015 base year, covering purchased goods and services, fuel and energy-related activities, upstream transportation and distribution, and waste generated in operations.

Tesco PLC's emissions data and climate commitments demonstrate a clear focus on reducing its environmental impact across its entire value chain.