Feb 9, 2021
Tesco under fire for lack of action on obesity crisis
Tesco has come under fire from a group of shareholders who claim that the UK's largest supermarket chain is exacerbating the country's obesity crisis. The shareholders, which include asset manager Robeco, Jesuits in Britain and Guy's and St Thomas' Charity, are calling on Tesco to set targets for increasing the proportion of healthy products in its sales, arguing it has done less than its rivals. A report published last year by the charity Access to Nutrition Initiative ranked Tesco behind M&S and Sainsbury's for its reporting on areas including product formulation - changing ingredients to make them more healthy - and labelling. The shareholders, who oversee £140bn in assets, along with 101 retail shareholders, called on Tesco to develop a strategy to significantly increase healthy food sales by 2030 and publish an annual review of progress from 2022 onwards. In response, Tesco said it was "Working hard to make it easy for our customers to make healthy choices" and set "Very clear" targets on health and sustainability.
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