Tesco saves £37 million through energy efficiency

UK national retail chain Tesco, has announced that energy efficiency initiatives have yielded £37 million in savings over the last two years, as per the company’s annual report.

The retailer now purchases 58% of its energy from renewables, a 3% increase from 2018. The group has a target to be 65% renewables powered by 2030, and 100% renewable by 2050.

The retailer had committed to purchasing 100% renewable power for its UK and Irish operations in 2017.

In the meantime, Tesco has cut back carbon emissions by 31% compared to a 2015/16 baseline, and has committed to reduce carbon emissions by 35% by 2020, 60% by 2025, and 100% by 2050.

Meanwhile, Tesco has reduced carbon emissions by 31% against a 2015/16 baseline. It has committed to cut emissions 35% by 2020, 60% by 2025 and 100% by 2050.

The company’s Little Helps Plan also states that supply chain emissions were down 6.2% in 2017/18 compared to 2015/2016 figures.