Tesco invests in green SC
Global - Tesco plans to invest approximately US$157 million in its supply chain in an effort to halve overall carbon emissions by 2020.
The consumer giant will be investing in British green technology companies, specifically for areas such as CO2 refrigeration, combined heat and power plants and electric car charging points.
"In the political vacuum it's particularly useful for businesses to take the lead because it's an encouragement to consumers, it's an encouragement to other business... and it's and encouragement to politicians." Terry Leahy, chief executive of Tesco told a news provider.
The green initiative was announced at the opening of the world's first zero-carbon Tesco store in Ramsey, Eastern England, according to Reuters.
Tesco believes the investment would safeguard as well as create thousands of jobs in the UK.
A report from the Carbon Disclosure Project said 56% of large companies would change suppliers if they did not hit pre-defined carbon emissions targets in the future.
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