Innovation: Tesco's Eco-Store Strategy
Published: 23 January 2009
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6 pages, 2 figures
Executive Summary
In January 2007 Tesco’s CEO, Sir Terry Leahy, announced a climate change strategy which included cutting carbon emissions from stores by 50 per cent by 2020 relative to 2006. After 2 years of trial projects, the firm recently announced the opening of its first fully-fledged eco-store in Cheetham Hill, Manchester. Tesco claims the new eco-store cuts emissions by 70 per cent by getting rid of HFC in refrigeration, using a Combined Heat and Power (CHP) plant, implementing rooftop ventilation and applying energy efficiency measures. Tesco will achieve business benefits in terms of differentiation, lower electricity costs, reduced CO? allowance costs and access to low carbon suppliers. But to scale up from 5 to 2,115 stores, Tesco needs to slash the capex costs of eco-stores.
TABLE OF CONTENTS
TESCO’S GLOBAL ECO-STORE STRATEGY TAKES SHAPE
Eco-Store Blueprint Cuts Emissions By 70 Per Cent
Eco-Store Innovations Delivers Business Benefits
Tesco Needs To De-Couple Emissions From Revenue Growth
TABLE OF FIGURES
Figure 1. Tesco Claims The Eco-Store Blueprint Cuts GHG Emissions By 70 Per Cent
Figure 2. Tesco Has Five UK Eco-Stores, Representing 0.2 Per Cent Of All Uk Stores