US department store retailer Target Corp has rolled out a new climate policy, committing to a “more sustainable, stronger, cleaner supply chain.”
The new goals have been created in line with the Science-Based Targets (SBT) initiative, which provides guidelines that help US companies align their corporate goals with climate science so the economy can progress together.
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“Target has long been committed to making our business more sustainable, which leads to a stronger, cleaner supply chain and operations, and a healthier environment for our team members and guests,” says Brian Cornell, chairman and CEO. “That’s why we’re setting goals to reduce our greenhouse gas footprint, and working with our industry partners, policymakers and other stakeholders to accelerate the transition to a low-carbon economy.”
Under the initiative Target plans to:
- Reduce its absolute Scope 1 and 2 greenhouse gas emissions by 25% below 2015 levels by 2025;
- Implement projects in its owned brand manufacturing facilities that will result in the avoidance of 2m metric tons of Scope 3 emissions annually by 2022;
- Develop an additional Scope 3 goal that – coupled with Scope 1 and 2 goals – will fulfil its commitment to the Science-Based Targets.
Target says it will focus its efforts in five areas:
- Increasing adoption of renewable energy in its own operations, its supply chain, and on the electricity grid;
- Driving energy and water efficiency in its own operations and in its supply chain;
- Investing in innovations supporting the transition to a lower-carbon transportation system, including vehicle electrification;
- Considering climate impacts in raw materials sourcing, particularly the impacts of land use change, and designing plans to mitigate those impacts; and
- Supporting communities most heavily impacted by climate change and building their resilience to climate change impacts like extreme weather events.
Earlier this month, Target Corp pledged to source 100% sustainable cotton by 2022 for its owned and exclusive apparel brands
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By GlobalDataTarget commits to 100% sustainable cotton by 2022
