Tesco PLC 2024 AR2
The report highlights Tesco PLC's strong financial and operational performance for the 52 weeks ended 24 February 2024, with Group sales increasing by 7.4% to £61.5bn and adjusted operating profit rising by 12.8% to £2,829m. The company made significant progress on its planet plan, achieving a 61% reduction in Scope 1 and 2 emissions compared to its 2015 baseline and securing SBTi validation for its net-zero targets. Tesco also announced a long-term strategic partnership with Barclays, including the sale of its banking operations, which will return approximately £1bn to shareholders. Additionally, the company invested a record £300m in hourly colleague pay, raising the UK store rate to £12.02 per hour.
Company: Tesco PLC
Sector: Wholesale & retail
Country: United Kingdom
Year: 2024
Type: AR2
Pages: 240
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Tesco PLC
Annual Report And Financial Statements
The report highlights Tesco PLC's strong financial and operational performance for the 52 weeks ended 24 February 2024, with Group sales increasing by 7.4% to £61.5bn and adjusted operating profit rising by 12.8% to £2,829m. The company made significant progress on its planet plan, achieving a 61% reduction in Scope 1 and 2 emissions compared to its 2015 baseline and securing SBTi validation for its net-zero targets. Tesco also announced a long-term strategic partnership with Barclays, including the sale of its banking operations, which will return approximately £1bn to shareholders. Additionally, the company invested a record £300m in hourly colleague pay, raising the UK store rate to £12.02 per hour.
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Document Details
Report Year
2024
Reporting Period
Feb 26, 2023 - Feb 24, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Net Zero Target
Employees