Our tenants at Supermarket Income REIT are committed to sustainability and have ambitious net zero targets, so it is no surprise to see supermarket leaders from the likes of Tesco, Morrisons, Marks and Spencer and the Co-op, calling on the government to prioritise incentives to encourage greater investment in renewables.
Waitrose & Partners has announced it is replacing the gas boilers that have been heating its 332 stores with electric heat pumps by 2035.
Great to see Tesco update on their Loop service, launched in September to accelerate the reuse of packaging on essential products. If customers in just the 10 stores trialled to date switched to reusable ketchup, coca cola and washing up liquid bottles, the packaging would be used and reused more than two and half million times a year.
Tesco’s General Merchandise team have removed 42 million pieces of plastic from its annual packaging footprint since 2019 – in addition to the reduction in the core food business.
We are delighted to join more than 2,800 organisations around the world in declaring our support for the FSB Task Force on Climate-related Financial Disclosures (TCFD).
COP26 highlighted the need for rapid action in tackling climate change. Leading supermarket retailers in Tesco, Sainsbury’s, Waitrose, M&S and Co-op have all signed the WWF Retailers Commitment for nature, which was announced at the summit.
