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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: What is driving DB scheme costs?

Partner Insight: What is driving DB scheme costs?

Cost pressures have long been part of the defined benefit (DB) landscape, but the findings from the TPT DB Trustee Pulse 2026 suggest their role may be evolving.

TPT Retirement Solutions
clock 14 September 2026 • 1 min read
Thousands of DB schemes will run until 2035, say pension professionals

Thousands of DB schemes will run until 2035, say pension professionals

Poll of 400 industry professionals reveals changing outlook for the sector

Alex Levy
clock 04 September 2026 • 1 min read
Industry stresses DB surplus release decisions must be scheme specific

Industry stresses DB surplus release decisions must be scheme specific

Firms say low dependency should not trigger automatic release of surplus funds as lawyers raise concerns over age restrictions

Alex Levy
clock 03 September 2026 • 4 min read
Trustpilot