Tesco schemes commit to 2050 net-zero target

The £24bn schemes are aiming for ‘no later’ than 2050 to achieve their goal

Hope William-Smith
clock • 1 min read
The two pension schemes have combined assets of £24bn and a membership of 345,000.
Image:

The two pension schemes have combined assets of £24bn and a membership of 345,000.

The Tesco Plc Pension Scheme and the Tesco Retirement Savings Plan will aim for their investments to be net zero by no later than 2050.

The two pension schemes - which have combined assets of £24bn and a membership of 345,000 - plan to regularly review all investments to ensure pension monies are growing as well as staying on track...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Tender Watch: PMI appoints data insight partner

Tender Watch: PMI appoints data insight partner

Mortality Monitor webinars will help with member information, modelling, mortality rates and de-risking

Professional Pensions
clock 11 November 2024 • 1 min read
Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Mike Edwards, Partner, Aon
clock 06 November 2024 • 5 min read
Mixed industry views on DB run-on, SPP finds

Mixed industry views on DB run-on, SPP finds

SPP and APL survey of pension professionals finds minority think run-on is viable long-term strategy

Jasmine Urquhart
clock 23 October 2024 • 1 min read
Trustpilot