Free Case Study
Tesco's Corporate Social Responsibility Initiatives
Social Policies Cont...
In 2005, Tesco introduced a new labelling system, through which information about the content of salt, fat, saturated fat, sugar and calories present in the product was mentioned on the packs' labels. Moreover, Tesco reduced salt content in over 1,000 products. Tesco is also working on reducing the sugar and fat content of these items.
Economic Policy
Tesco strives to bring economic growth and development in the local communities it serves across the world that includes
customers, employees, suppliers and communities. The company played an active role in providing employment, supplying
goods at affordable prices, making partnerships with local suppliers and giving the opportunities and thus enables to grow.
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Tesco is a founder member of Ethical Trading Initiative (ETI)16 launched in 1999. It used the ETI base code as the
standard for all its ethical trading policies. The company extended the code tomost of its suppliers across the world by 2007.
In 2005, Tesco conducted an anonymous 'supplier viewpoint survey' to determine the areas requiring improvement.
The survey results revealed suppliers' opinions that Tesco was committed to customers, was professional, fair and
consistent. Tesco appointed a supplier code compliance officer examine/scrutinize formal complaints. Tesco&'s buying
teams regularly interacted with the suppliers.
Tesco strongly supports Fair trade, which guarantees that developing countries' farmers are paid a price covering
the cost of production plus a premium to be spent on community projects such as healthcare, sanitation, education or
housing. Since the introduction of Fair trade range in 2004, Tesco's sales multiplied.
Now-a-days, customers' demand for locally sourced food has increased. In 2006 Community Plan, Tesco stated to
have more local suppliers than any other retailer.
In 2007, Tesco introduced a new website 'www.tescofarming.com' which comprises information to farmers on
commercial trends and supply opportunities. It covers everything from biodiversity, nutrition and sourcing inputs such
as seed and veterinary products to supply chain management.
16]The ETI code states: Employment is freely chosen, Freedom of association and the right to collective bargaining are respected, Working conditions are safe and hygienic, Child labour shall not be used, Living wages are paid, Working hours are not excessive, No discrimination is practiced, Regular employment is provided and No harsh or inhumane treatment is allowed.
