Tesco's Corporate Social Responsibility Initiatives
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The report outlined Tesco's approach to CSR in the coming year and the achievements in the past year. Commenting on Tesco's CSR approach, Leahy said, "Corporate Social Responsibility makes sound business sense. The key to our approach is our integrated business system, where environmental and social performance is managed alongside financial performance. This means we have a year-on-year program of focused action to drive improvement."7
Tesco's image took a further beating when Imperial Tobacco Company which was considering acquiring Tesco, did not go in for the deal as it felt that the acquisition might damage Imperial's image. During the late 1970s, several analysts advised the company to change the name of its stores.
7] "Tesco CSR Review," 2001-02.
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