Tesco
| Tesco | |
|---|---|
 | |
| Industry | Consumer goods |
| Founded | 1929 |
| Headquarters | Hertfordshire, UK |
| Area Served | Worldwide |
| Founder | Jack Cohen |
| CEO | Philip Clarke |
| Chairman | Richard Broadbent |
| Products | discount department store,hypermarket,
supercenter,superstore |
| Market Value | 39.873,6m$ |
| Employees | 597,784 (2013) |
| Website | www.tesco.com |
Contents
About Tesco
Tesco is a British multinational grocery and general merchandise retailer which has its headquarters in Cheshunt, Hertfordshire, United Kingdom. The company produces cash and carry/warehouse clubs and has convenience/forecourt stores, department stores, discount department stores, discount stores, hypermarket/supercenter/superstores. Tesco is also the second-largest retailer measured by profits and third-largest retailer measured by revenues in the world.
Engagement in Cultural Diplomacy
The company claims to defend certain values and has listed three big ambitions and essential goals about social responsibility, sustainability, protecting the environment and supporting local communities.
Employment Policy
The company is involved in promoting gender diversity: the Chairman’s and CEO’s statements of Tesco in 2011 have shown that the company’s willingness to promote gender diversity.
Education
International Internship Programs
Tesco has expanded its paid internship program for college students and offer opportunities for full-time employment after six months in South Korea. The company has also offered internships to young professionals in order to give them practical experience of working in retail.
Grants and Scholarships
Tesco has launched its new ExtraClass grant program which helps young people play an active role in their local communities whilst learning valuable project management skills. Two other examples: the Tesco Charity Trust is providing grants to people in need. Moreover, Tesco for Thais Foundation is offering thousands of scholarships each year to students who need support for 11 years.
Notable activities
Activities in the Field of Humanitarian Aid
The “Tesco Charity Trust” donated £50,000 to Japan disaster relief fund in 2011. The same year, the foundation donated £25,000 to the Turkish Earthquake Appeal. Another example: Tesco has launched campaign for female education in Senegal in order to raise funds. Indeed, many of illiterate young women in Senegal will get the opportunity to participate in a literacy program, which is the result of the cooperation between feminine care brand “Always” and the United Nations Educational, Scientific and Cultural Organization (UNESCO).
Supporting Music & Visual Arts
Tesco Homeplus has organized a Painting contest “Protecting the environment and reducing food waste” in collaboration with UNEP Korea.
Promoting Human and Civil Rights
Tesco has published a document about its human rights policy on its official website. The company has also published a document about how it is supporting decent labour standards in Tesco’s supply chain. Moreover, Tesco is a member of the Ethical Trading Initiative (ETI).
