Quote ="Man in Madrid"It's a PLC - profit is a shareholder requirement, otherwise there'd be no dividend. It's economics.
Of course, you believe that it's nothing to do with individuals / communities / health / sustainability. Perhaps a read of the PLCs' Corporate Responsibility information may help. Details here: [urlhttp://www.tescoplc.com/index.asp?pageid=87[/url
Headlines from this (for 12/13):-
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* Industry-leading performance in reducing CO2 emissions.
* 9.3m people involved in some form of activity via Tesco (eg. Race For Life / Tesco FA Football Skills / Aerobics, etc). Every evening on the car park at our Bangkok Head Office, I watch around 200 staff and customers doing aerobics to blaring music! This is replicated at every large-format store in the country.
* Staff and customer fundraising last year was >£13 million. The Charity of the Year was Cancer Research, and I believe that this is the largest single-business 12 month fundraising effort ever.
* At least 1% of pre-tax profits donated to charity in 12/13, in addition to the £13m to the Charity of the Year. £74.5m.
* This years Charity of the Year is Diabetes UK - we're after £15m!!
.....but, don't let the positives blur the negatives, hey?'"
Who contributes to the charity of the year? Is it just low-paid staff and customers or do Tesco put their hands in their pockets? If so to what extent?
Ethically, IMO, Tesco is non-league.
