Tesco's Corporate Social Responsibility Initiatives
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"CSR is a journey: whatever we have achieved, there is always more that can be done and that needs to be done. That is why we have adopted an 'Every Little Helps' approach." 1
- Terry Leahy, Group Chief Executive, Tesco in 2003.
CSR - The Tesco Way
In January 2005, UK based retailer Tesco Plc. (Tesco) made it into the list of FTSE4 Good Index,2 indicating the company's adherence to certain globally accepted corporate responsibility standards (Refer Exhibit I for other companies on the FTSE4 Good Index 2005).
Tesco had a presence in several European and Asian countries6 and by 2004, the amount of floor space Tesco operated outside the UK had exceeded the floor space in the UK. In order to minimize costs, Tesco procured products from various countries across the world.
1] "Tesco Corporate Social Responsibility Review," 2002-03.
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