Tesco to Half Food Wastage by 2025
Tesco is linking executive bonuses to cutting food waste, and it plans to cut food waste in half by 2025.
The grocery chain’s new food waste reduction goal of 50% by 2025 places it five years ahead of a UN target established as part of the Global Sustainable Development Goals.
The largest supermarket chain store in the United Kingdom is also the first to announce that its executive directors must meet these new food standards or risk missing out on performance-related bonuses. Tesco’s performance on key sustainability metrics such as food waste reduction, carbon reduction, and gender and ethnicity representation will impact 25% of the Performance Share Plan bonuses.
Tesco committed to reducing its food waste by 50% in 2030 back in 2016. So far, Tesco has lowered their food wastefulness by 45%, which means that only 0.35% of the food going into their supermarkets is thrown away.
Tesco chief executive Ken Murphy said he was “proud” of the company’s efforts thus far, but acknowledged that there is still more work to be done.
The supermarket has announced that it will be investing more in its current programs to help reduce food waste, such as partnerships with FareShare and OLIO. In addition, the store plans to expand its efforts to help suppliers reduce their own food waste, divert surplus food for animal feed, and continue developing new solutions for preventing food waste.
News Credits: Tesco Links Executive Director Bonuses To Halving Food Waste By 2025
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