Tesco Corporate Responsibility Review 2005

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Economy. Using our strengths to deliver unbeatable value

Tesco makes a significant contribution to economic activity wherever we operate. Every week our 366,000 staff serve around 30 million customers in 13 countries. We have a track record of providing value for customers, creating jobs and training, providing opportunities for suppliers, and regenerating deprived areas.

Last year we paid our workforce £3,534 million, re-invested £779 million back into the business and returned £587 million to our shareholders. Our success delivered a Tesco group turnover of £33,974 million with profits of £2,029 million.

Customers

At the heart of all we do is delivering cheaper, better products and providing more choice.

Staff

Tesco is the UK’s biggest private sector employer with over 250,000 people, and we employ a further 116,000 internationally.

Communities

As well as bringing lower prices, more choice and better food, a Tesco store in a local community also brings wider economic benefits – directly, by creating jobs and generating taxes, and indirectly, by helping to attract further inward investment.

Suppliers

Tesco does business with nearly 2,000 own-brand primary suppliers in 98 countries. The supply chain is made up of a complex range of relationships – from individual farmers and growers through to processors, manufacturers and distributors.

Within the supplier section you will also find: