retail news in context, analysis with attitude

The Financial Times reports that Tesco, which operates in 14 countries, “has forged ahead with its own programme to cut emissions. The measures the supermarket chain has put in place include the goal of being a zero-carbon business by 2050. Its efforts to cut emissions include a new generation of green stores, built to a new low-carbon blueprint ... Other moves include working with third parties, such as suppliers, to cut the environmental impact of the supply chain, and encouraging its customers to be greener.”

According to the story, Tesco has saved the equivalent of $162 million in the UK alone from its emissions programs.

“It has been good for the business, and good for the planet too,” says Lucy Neville-Rolfe, Tesco’s corporate and legal affairs director.
KC's View:
Neville-Rolfe makes another important point - that Tesco has moved ahead with its climate change initiatives no matter what governments mandate or recommend.

“I always prefer a non-regulatory solution,” she says.

That’s a position we take a lot here on MNB. Too many companies wait for governments to step in before they do anything, and then whine about government intervention being bad for business.

The feeling has long been that if companies were aggressive and progressive, it might alleviate the need for government regulation ... or at least allow industry to better set the tone for the discussion.