Tesco and corporate responsibility

10 May 2006

Tesco’s is leading the debate about what corporate responsibility means, says The Work Foundation

Welcoming the launch of Tesco’s new community programme, Will Hutton, chief exec utive of The Work Foundation, today said:

“The Work Foundation commends Tesco’s for leading the debate about how big business should interact with society. Its 10 commitments put some detail on the aspiration of many leading businesses to be a good neighbour.

“Too often, corporate responsibility has existed at the level of rhetoric, while employers have struggled to spell out how it will change the way business is done. It has thus become easy to paint it as ‘pure spin’.

“Sir Terry Leahy has today broken with this tradition with a series of substantial pledges. The Work Foundation hopes that this programme acts as a tipping point for the development of new corporate sustainability initiatives among organisations. We hope it encourages other businesses to think in practical terms about a company’s obligations beyond keeping shareholders satisfied. The Tesco’s plan looks good on paper; time will tell what effect it has on our lives as consumers and citizens.”

Notes to editors:

The Work Foundation is an independent research organisation and consultancy. It exists to inspire and deliver improvements to performance through improving the quality of working life. It believes that productive, high performance organisations are those committed to making work more fulfilling, fun, inspirational and effective, and through engaging their workforce succeed in integrating the many aims crucial to organisational success.