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Tesco avoids revolt with obesity action

Published in Food on 05-05-2021 Yau Ming Low / Shutterstock.com Tesco is putting consumers on a mandatory diet: The British supermarket group closely avoided protests at its annual general meeting by taking stronger action against obesity.   Threatening with motion Tesco has been forced into action against obesity by activist shareholders. ShareAction, a shareholder group, had planned to revolt at its annual meeting next month because they felt the supermarket group was lagging behind other retailers in the fight against obesity.    The coalition of institutional investors, which even included one of Tesco s own charities, Guy s & St Thomas Charity, would table a motion, along with more than 100 individual shareholders. According to Louisa Hodge, engagement manager at ShareAction, investors recognise the importance of health. By filing a shareholder resolution, our investor coalition sent a strong message to Tesco and other supermarkets that shifting sales toward h

Campaigners abandon AGM revolt after Tesco makes new obesity pledges

Has Tesco s obesity strategy set a bar for rivals and suppliers? | Analysis & Features

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?

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