Supermarket giant Tesco today pledged to reduce by a quarter the amount of packaging used in both branded and own-label products within the next three years.
As it reported profits of £2.5 billion and a sales growth of 9% made in the year up to February 24, the nation’s largest supermarket chain announced a package of measures to tackle its environmental impact.
Tesco’s “ambitious” target to cut packaging waste has been welcomed by WRAP
Tesco, which accounts for just over 30% of the UK food market alone, also promised to label its products to show whether their packaging can be recycled or re-used.
Sir Terry Leahy, Tesco chief executive, said: “We have committed today to reduce the amount of packaging on both branded and Tesco own label products by 25% by 2010”.
“We will also label all our packaging according to whether it can be re-used, recycled or composted – and if it cannot, we will label that too. The first labelled products will be on our shelves by 2008,” he promised.
The move to cut packaging usage – and therefore the amount of packaging waste ending up in shoppers’ bins – was welcomed today by the government’s recycling delivery body, WRAP, which is working with Britain’s retailers to cut packaging waste. More here…