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TSCO Tesco Plc

291.40
-1.60 (-0.55%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tesco Plc LSE:TSCO London Ordinary Share GB00BLGZ9862 ORD 6 1/3P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.60 -0.55% 291.40 291.90 292.10 294.20 290.90 292.80 11,929,324 16:35:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Grocery Stores 68.9B 1.19B 0.1670 17.49 20.77B

Tesco Removes Plastic Wrapping on Tinned Food Multipacks

24/01/2020 10:49am

Dow Jones News


Tesco (LSE:TSCO)
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By Dieter Holger

 

Tesco PLC (TSCO.LN) said Friday that it will no longer sell plastic-wrapped multipacks of tinned food starting in early March, contributing to its goal of removing 1 billion pieces of plastics from its own brands by the end of 2020.

The British grocer said it sells around 183,000 tinned multipacks every day and that the move will eliminate some 67 million pieces of plastic.

Last year, Tesco told its 1,500 suppliers that it would consider the amount of plastic used in packaging when selecting products for its stores.

"We are removing all unnecessary and non-recyclable plastic from Tesco," said Dave Lewis, chief executive at the grocer, in prepared remarks.

The change will also affect non-Tesco brands such as Green Giant sweetcorn, John West tuna and Heinz beans and soups.

"While we know we have more to do, this initiative is good news for the environment," said Georgiana de Noronha, president of Kraft Heinz Co. (KHC) Northern Europe, in prepared remarks.

 

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

 

(END) Dow Jones Newswires

January 24, 2020 05:34 ET (10:34 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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