Tesco’s commitments follow months of engagement between the company and a coalition of seven institutional investors led by ShareAction, who in February filed a shareholder proposal calling on the UK’s biggest supermarket to reduce its exposure to less healthy food and drink products.
Stephen Power, British Province Treasurer, Jesuits in Britain, said:
“The Jesuits in Britain, as one of the original co-filers, are happy to hear that Tesco has agreed to show greater transparency in its efforts to encourage healthier eating – particularly in the context of a worsening obesity crisis that creates higher risks for people during the pandemic. It’s heartening to hear that Tesco has now committed to increase the proportion of healthy food sold across their business and that they have agreed to on-going dialogue with ShareAction on this issue.”
You can read the full press release on the SharAction website here
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