Governance and Sustainability Essay Example | Topics and Well Written Essays - 1500 words

Governance and Sustainability - Essay Example Tesco PLC Tesco is the leading food retailer in the UK and operates globally in excess of 2318 stores located in different countries across the globe. It is worth mentioning that Tesco operates in more than 1878 stores alone in the UK. Apparently, it can be stated that the UK is the largest market of the company. At the same time, the company engages more than 326,000 people globally. Primarily, the company has been viewed to operate under four operating divisions namely Superstore, Metro, Extra and Express that does not deal only in selling food products but also involved in selling of various non- food products (Dataminotor, 2004). Additionally, Tesco’s envisages establishing itself as greatly valued company by its customers and the communities where it operates. The company intends to be highly valued not only by its customers but also from its employees and shareholders perspective. Furthermore, it is expected that the market share of Tesco shall expand at a significant ra te in the UK and other parts of the world (Tesco, 2013). Hence, due to the steady growth in its international business, it has been estimated that the company will significantly strive to increase its overall profitability as well as consolidate its strengths in Asian and European nations (Datamonitor, 2004). Moreover, the company constitute the world’s biggest online market with the total annual sales of over ?577million. On the other hand, the profit of the company has also viewed to be increased steadily over the years. Evidently, during the fiscal year 2010-11, the profit before taxation of Tesco stood at 12.3%, which is quite greater as compared to the previous year i.e. 2009-2010. At the... This paper stresses that Tesco along with its competitors like Sainsbury are duly engaged in conducting various important CSR activities. Additionally, the analysis of CSR activities of Tesco and Sainsbury illustrates that the involvement and the accountability of all the stakeholders like customers, suppliers, communities, shareholders, investors and environmentalists towards ensuring sustainable business performance are crucial for the success of an effective CSR strategy. This report makes a conclusion that CSR activities are considered to be one of the important factors for the success of the businesses of different organisations. Evidently, CSR activities are not associated with earning substantial profit from the business operations; rather it deals with ensuring healthy environment and steady community development as well. In relation to CSR activities, Tesco, the UK based leading retail company has undertaken significant approaches towards improving and facilitating enhanced social and environmental development. It is worth mentioning that the business operations of Tesco is not limited within the UK only but scattered throughout the globe. The company strictly follows GRI framework for the preparation of its sustainability reports. Furthermore, the company has shown its firm commitment towards diminishing carbon footprint and other measure relating to CSR. Similarly, the efforts of its one of the major competitors like Sainsbury cannot be overlo oked.