Bronte Wells
Target Corporation has implemented several initiatives to reduce its environmental impact and contribute to climate change mitigation. The company has set targets for reducing emissions across its operations and supply chain, aiming for net-zero greenhouse gas emissions. Target has also introduced a forest products policy to ensure that wood, paper, and wood-based fibers used in its products are sourced sustainably. Additionally, Target is working to identify and address the impact of its supply chain on natural habitats like grasslands and savannahs. The company supports the Paris Agreement and collaborates with suppliers to increase the use of renewable energy through initiatives like Forward Renew. While Target's efforts demonstrate a commitment to sustainability, it's important to examine the scope and effectiveness of these initiatives in reducing pollution and their overall environmental impact.
| Characteristics | Values |
|---|---|
| Scope 1 and 2 emissions reduction target | 55% below 2017 levels by 2030 |
| Scope 3 emissions reduction target | 32.5% below 2017 levels by 2030 |
| Scope 1 and 2 emissions reduction achieved in FY2023 | 38% |
| Scope 3 emissions reduction achieved in FY2023 | 3.9% |
| Number of buildings with rooftop solar panels | More than 580 |
| Electricity sourced from renewable sources for US stores and distribution centers | 60% |
| Forest ecosystem protection | Elimination of deforestation and degradation of primary forests, High Conservation Value and High Carbon Stock forest areas, and peatlands |
| Support for responsibly managed forests | Introduced forest products policy in 2017, with over 3,500 FSC-certified owned brand items |
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What You'll Learn
Target's commitment to achieving net-zero GHG emissions
Target Corporation has demonstrated its commitment to achieving net-zero greenhouse gas (GHG) emissions across its enterprise by setting ambitious targets and implementing strategies to reduce its environmental impact.
In alignment with the Paris Agreement and the global effort to limit warming to 1.5°C, Target has committed to achieving net-zero GHG emissions by 2040. This involves reducing scope 1, 2, and 3 emissions to align with a 1.5°C pathway and removing any residual emissions from the atmosphere through nature-based or technological solutions by 2050. Recognizing the challenge of reducing emissions while growing their business, Target has taken a comprehensive approach.
Target's emissions reduction strategy focuses on reducing energy consumption in stores and supply chain facilities, as well as increasing the use of renewable energy sources. They have increased the number of buildings with rooftop solar panels to over 580 and currently source 60% of their electricity from renewable sources for operations in US stores and distribution centers. Target is now working towards sourcing 100% of its electricity from renewable sources. Additionally, they have upgraded to HFC-free refrigeration systems and aim to have all stores converted to natural refrigerants by 2040, reducing direct operations emissions by an expected 20%.
Target has also launched the Forward Renew program, which supports suppliers in transitioning to renewable electricity by providing education, resources, and expertise. They are also part of the Clean Energy Procurement Academy, an initiative to encourage supplier renewable energy purchases and educate partners on the benefits of renewable energy.
Furthermore, Target recognizes the importance of protecting forests and has committed to eliminating deforestation and forest degradation from its value chain, especially focusing on primary forests, High Conservation Value areas, High Carbon Stock forest areas, and peatlands. They support responsibly managed forests and have introduced a forest products policy to ensure that wood, paper, and wood-based fibers used in their owned brand products are sourced sustainably or from post-consumer recycled materials.
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Target's reduction in supply chain emissions
Target Corporation has set ambitious targets for reducing its supply chain emissions and is committed to achieving net-zero GHG emissions across its enterprise. In 2023, the company updated its target for absolute supply chain emissions (scope 3) from a 30% to 32.5% reduction, with a 2017 base year. This update reflects the company's greater overall ambition and alignment with science-based reduction targets. Target's supply chain emissions reduction strategy focuses on reducing energy consumption in its stores and supply chain facilities and increasing the use of renewable energy sources.
To achieve these targets, Target has launched the Forward Renew program (previously called the Supply Chain Renewables Initiative). This program educates and supports suppliers in transitioning to renewable electricity, helping them explore the renewable electricity market and evaluate options that align with their unique business needs. Target is also a leading corporation in the Clean Energy Buyers Institute's (CEBI) Clean Energy Procurement Academy, an initiative to support the decarbonization of global supply chains by encouraging renewable energy purchases among suppliers.
Target recognizes the challenges in reducing emissions while growing its business and the complexity of calculating supply chain emissions. The company is committed to working collaboratively with its suppliers and critical business drivers to address systemic issues. Target also plans to update stakeholders on the outcomes of its sustainability efforts through regular reporting.
In addition to its supply chain emissions targets, Target has a long-term interest in designing and operating energy-efficient and sustainable buildings. The company has increased the number of buildings with rooftop solar panels to over 580 and sources 60% of its electricity from renewable sources for operations in the US. Target is now working towards sourcing 100% of its electricity from renewable sources.
Target also understands the responsibility it has to protect forests worldwide as a retailer with a diverse range of products. The company introduced a forest products policy in 2017, aiming to ensure that wood, paper, paper-based packaging, and wood-based fibers used in owned brand products are sourced from well-managed, credibly certified, or post-consumer recycled forests. Target prioritizes Forest Stewardship Council (FSC) standards and has over 3,500 FSC-certified owned brand items.
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Target's Forward Renew program
Target has implemented several initiatives to reduce its environmental impact and pollution levels. Notably, the company has set ambitious targets for reducing greenhouse gas emissions and has made significant progress towards achieving these goals. In 2023, Target updated its emission reduction targets, aiming for a 55% absolute reduction in operations emissions (scopes 1 and 2) and a 32.5% absolute reduction in supply chain emissions (scope 3) from a 2017 baseline. These targets include purchased goods and services, upstream and downstream transportation, and the use of sold products. Target also aims to achieve net-zero GHG emissions across its enterprise, recognising the challenge of reducing emissions while growing its business.
To achieve these targets, Target has launched the Forward Renew program in partnership with Schneider Electric. This program supports Target's suppliers in transitioning to renewable electricity and is open to any company that supplies to Target on a voluntary basis. Forward Renew provides access to education and resources, enabling suppliers to explore the renewable electricity market and evaluate the best options for their unique business needs. The program offers live and on-demand educational resources, covering different types of renewable electricity purchasing options. Additionally, suppliers can explore individual purchasing opportunities, such as onsite solar or certificate purchasing, or join a "`buyers' cohort'" to combine electricity demand and access more favourable pricing and contract terms.
Target also recognises the importance of protecting forests and has introduced a forest products policy to guide its sourcing practices. The company is committed to working with its owned brand suppliers to protect forests by eliminating deforestation and forest degradation from its value chain, focusing on primary forests, areas of High Conservation Value, High Carbon Stock forest areas, and peatlands. Target prioritises responsibly managed forests and chain-of-custody certifications to ensure credible sourcing. Additionally, Target supports the Forest Stewardship Council, Sustainable Forestry Initiative, and PEFC certifications for wood, paper, paper-based packaging, and wood-based fibre used in owned brand products.
Furthermore, Target understands that other ecosystems, such as grasslands and savannahs, are also under threat from commodity production. The company is actively identifying the impact of its supply chain on these habitats, particularly in its domestic beef and soy supply chains. Target's analysis has shown that its soy sourcing practices for packaged goods do not pose a material deforestation risk due to their primarily domestic nature. Overall, Target is committed to reducing its environmental impact and is taking steps to address pollution and sustainability issues across its operations and supply chain.
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Target's commitment to protecting forests
Target has demonstrated its commitment to protecting forests through a range of initiatives and policies. Firstly, the company acknowledges the crucial role of forests in mitigating climate change and recognises that the ecosystem services provided by forests worldwide are irreplaceable. To address this, Target has introduced a forest products policy, which guides the company towards ensuring that all wood, paper, paper-based packaging, and wood-based fibres used in their owned brand products are sourced from well-managed, credibly certified forests or are made from post-consumer recycled materials.
Target prioritises the Forest Stewardship Council (FSC) standards and has over 3,500 FSC-certified owned brand items. They also recognise other credible forest certification systems, such as the Sustainable Forestry Initiative and the Programme for the Endorsement of Forest Certification (PEFC). By using chain-of-custody certifications, Target confirms that their products are sourced from well-managed forests.
Additionally, Target is committed to eliminating deforestation and forest degradation from its value chain. This includes a focus on eliminating deforestation in primary forests, areas of High Conservation Value, High Carbon Stock forest areas, and peatlands. Target also recognises the impact of commodity production on other ecosystems, such as grasslands and savannahs, and is actively working to identify and address these issues within its supply chain.
To further its commitment, Target has launched initiatives like Forward Renew, which supports suppliers in transitioning to renewable electricity. The company is also actively involved in the Clean Energy Buyers Institute's Clean Energy Procurement Academy, which aims to decarbonise global supply chains. Target has also made strides in reducing emissions, with a 38% reduction in operations emissions and a 3.9% decrease in supply chain emissions from the 2017 base year.
Overall, Target's commitment to protecting forests is evident through its policies, initiatives, and efforts to reduce its environmental impact. The company recognises the importance of forests and is taking steps to ensure sustainable sourcing and protection of natural ecosystems.
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Target's efforts to identify high-risk commodities
Target has been taking several steps to identify high-risk commodities and reduce their environmental impact. Firstly, they have introduced a forest products policy to ensure that wood, paper, paper-based packaging, and wood-based fibres used in their owned brand products are sourced from well-managed, credibly certified forests or are made from post-consumer recycled materials. Target prioritises Forest Stewardship Council (FSC) standards and has over 3,500 FSC-certified owned brand items.
Additionally, Target recognises that forests are not the only ecosystem under threat from commodity production. They are actively working to identify how the conversion of other natural habitats, such as grasslands and savannahs, intersects with their supply chain. For example, they have analysed the soy sourcing practices of their suppliers and found that their sourcing is primarily domestic and does not pose a significant deforestation risk.
Target has also set ambitious targets for emissions reductions across their operations and supply chain. In 2023, they updated their targets, aiming for a 55% absolute reduction in operations emissions (scopes 1 and 2) and a 32.5% absolute reduction in supply chain emissions (scope 3) from a 2017 baseline. They are focusing on reducing energy consumption and expanding their sourcing of renewable energy.
Furthermore, Target has launched the Forward Renew program, previously known as the Supply Chain Renewables Initiative, to support their suppliers in transitioning to renewable electricity. This program provides suppliers with the necessary resources and expertise to navigate the renewable electricity market and make informed decisions.
Target is committed to working collaboratively with its suppliers and business drivers to address systemic issues and protect forests worldwide. They recognise the importance of transparency and plan to update their stakeholders on the outcomes of their sustainability efforts.
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Frequently asked questions
Target has committed to reducing its scope 1 and 2 emissions by 55% and its scope 3 emissions by 32.5% by 2030, with a base year of 2017. The company also aims to achieve net-zero GHG emissions across its enterprise.
Target plans to reduce emissions by decreasing energy consumption in its stores and supply chain facilities and expanding its use of renewable energy sources. The company has also launched the Forward Renew program to support its suppliers in transitioning to renewable electricity.
Target has recognized the importance of forests in mitigating climate change and has committed to working with its suppliers to protect forests by eliminating deforestation and forest degradation from its value chain. The company has introduced a forest products policy to ensure that wood, paper, and wood-based fibers used in its owned brand products are sourced from well-managed, certified forests or recycled materials.
Target works closely with its Tier 1 and 2 suppliers to increase the use of cost-effective renewable energy. The company also participates in initiatives such as the Clean Energy Procurement Academy to support the decarbonization of global supply chains and educate suppliers on the benefits of renewable energy purchases.
