Exploring Tesco's Corporate Social Responsibility (CSR) Practices: Impact and Insights

Running head: CORPORATE SOCIAL RESPONSIBILITY-MANAGEMENT
CORPORATE SOCIAL RESPONSIBILITY-MANAGEMENT
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CORPORATE SOCIAL RESPONSIBILITY-MANAGEMENT
Executive Summary
The key purpose of this report is to study the role of corporate social responsibility (CSR)
practices or initiatives undertaken by one of UK’s leading retailers, Tesco. A range of factors
have beenmentioned as significant in forming the existingdrive behind CSR activities. Efficient
CSR activities tend to increase superior stakeholder responsiveness of corporate ethical, social as
well as environmental behaviour; direct demands from shareholders along with investor
demands, pressure from associates in addition to an augmentedlogic of social responsibility. It
has been noted that CSR has gained growing recognition amongst business enterprises as a
significant constituent in new as well as rising forms of power and authorityas it aids them to act
in response to elementary modifications in the business setting as a whole. The report has offered
inclusive insights of the way Tesco, one of the leading UK retailers has been fundamentally
dedicated to CSR activities and the way company’s approach towards corporate actions have
been persuading its business performance.

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CORPORATE SOCIAL RESPONSIBILITY-MANAGEMENT
Table of Contents
Introduction......................................................................................................................................3
Tesco Approach to CSR activities and Ranking..........................................................................3
Tesco’s CSR activities.................................................................................................................5
Tesco’s approach to CSR influence consumers’ purchasing decisions.......................................7
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

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CORPORATE SOCIAL RESPONSIBILITY-MANAGEMENT
Introduction
Within the previousdecade corporate social responsibility (CSR) has been receiving drive
across the business sector. With its substantial success it is seen to be ever moreelevated on
boardroom programmes. Majority of the UK’s chief retailers are recognized as foremost
employers who carry onremaining efficiently at the top edge of innovation and progress(Mann et
al. 2014). Furthermore, many of the UK retailers in recent times have considered the influences
their business operations have on the environment, society as well as on the financial system.
This growing influence have led the companies to attain interest to converse their promise to
CSR to their stakeholders, clientele, workforce, to government and lastly to the public in general.
CSR is significantly embedded in the appreciation that businesses are significant part of the
public and that as such they comprise immense competence to make a constructive contribution
to social purposes, objectives and targets. Rangan, Chase and Karim (2015) have noted that
different organizations comprise a diverse range of conceptualizationsregarding CSR. However,
Commission of the European Communities perceive CSR as an idea in which business
organizations integrate social as well as environmental issuesin their business performance in
addition to interactions with shareholders on anintentional basis. The purpose of the report is to
evaluate the way Tesco, one of the leading UK retailers have been intrinsically committed to
CSR and the way company’s approach towards corporate actions have been influencing its
business performance.
Tesco Approach to CSR activities and Ranking
CSR is essentially central to Tesco because it develops significant business sense in the
U.Kretail industry. It is about being a responsible and diligent organisation where the company’s
shareholders, clientele and others will expect the company to act in a responsible
manner(Ailawadi et al. 2014). Tesco primarily execute business operations through its
supermarkets in over 10countries namely, the United Kingdom, Poland, Czech Republic, South
Korea, Taiwan as well asHungary, Ireland and Malaysia and comprises a market leading position
in 6 of these countries which includes the U.K. Reports of Baden (2017) have revealed that
Tesco comprising over 1900 stores in the U.K andwith over 222,000 workers and serving a