Tesco urged to consider health impact as it extends plant-based target into Central Europe The supermarket’s goal to increase sales of plant-based meat alternatives by 300% by 2025 could fall foul of the UK government’s plans to restrict promotions of unhealthy foods from April next year, a group of investors has cautioned.
The warning comes after the UK’s largest supermarket agreed to increase healthy food options at its operations in Europe as well as the UK and Ireland after pressure from a group of seven institutional investors.
The coalition of Tesco activist investors is led by ShareAction, which in February filed a shareholder proposal calling on Tesco to reduce its exposure to less healthy food and drink products. The move was the first health-based shareholder resolution filed at a UK-listed company.
Coronavirus Economic Weekly News 28March 2021
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