A coalition of 18 institutional investors representing more than £3.8trn in assets under management is calling on the UK Government to urgently introduce new regulations and incentive schemes for farmers, to help reduce the sector s environm.
As revolts go, the shareholder uprising against Tesco’s record in fighting obesity was quick and painless.
Within a month of being called out by a group of rebel shareholders for its alleged lack of progress and transparency in making products healthier, the UK’s biggest retailer announced a new commitment on reformulation that looks set to see thousands of products delisted over the next four years.
From branding it a laggard, shareholders behind the rebellion were left praising Tesco for its “world-leading commitment” on health.
So how significant are the new commitments, for Tesco, its suppliers, its rivals and for the shareholder activism movement?