GHG Emissions Reduction Target 2025
We are committed to making our operations and our supply chain sustainable through reducing our greenhouse gas (GHG) footprint, supporting a more resilient and healthier environment for our guests, partners and communities. Aligned with our Target Forward ambitions, we commit to net zero GHG emissions across our enterprise by 2040 to reduce climate impacts across our operations and supply chain.
Net zero, as defined, is achieved when company's scope 1, 2 and 3 emissions are reduced to a level that is consistent with a 1.5¡ãC pathway, and any residual emissions are removed from the atmosphere through either nature-based or technological carbon removal solutions.
Our achievements to date
We are focused on cutting our GHG emissions by driving energy efficiency, adopting renewable energy and eliminating waste. We¡¯re also working with our suppliers to support their decarbonization efforts.
Our climate policy
We expect the long-term effects of global climate change will be widespread and unpredictable. That understanding informs our comprehensive climate policy and goals, which are designed to keep Target competitive within the retail industry and are accompanied by internal execution strategies and management plans.
Our goals
Since 2017, we¡¯ve aimed to make our products and operations more sustainable for our guests. By 2040, we commit to net zero greenhouse gas (GHG) emissions.
In the near term, our goal is to reduce absolute scope 1 and 2 GHG emissions by 55% and scope 3 GHG emissions by 32.5% below 2017 levels by 2030 (from retail Purchased Goods & Services, Upstream & Downstream transport and Use of Sold Product).
Reporting and progress
We¡¯ve also made a series of interim goals to measure and report our progress over time.
By 2025:
- 55% of our suppliers by spend (covering all purchased goods and services) will set science-based scope 1 and scope 2 targets.
By 2028:
- Engage suppliers to prioritize renewable energy and collaborate on solutions.
- Source 70% of our electricity from renewable sources for our operations.
By 2033:
- Achieve 65% absolute reduction in operations emissions (scopes 1 & 2) from a 2019 base year.
By 2041£º
- Achieve net zero GHG emissions across our company (scopes 1, 2 and 3).
Our operations
Our emissions reduction strategy team on reducing energy consumption in our factories and supply chain facilities and expanding our sourcing of renewable energy. Our internal sustainability team coordinates sustainability strategies and helps develop priorities and roadmaps to meet our long-term goals.
To reduce our impact and achieve net zero emissions in our owned operations, we are transitioning to natural (100% CO2) refrigerants, pushing innovation through energy efficient initiatives, and investing in renewable energy.
Running on solar and wind power
We¡¯re increasingly meeting a portion of our energy needs with solar power. Currently, our stores that use solar power generate between 15% and 100% of their electricity from solar.
More efficient transportation
While we don¡¯t own or operate the fleets that carry our freight, we work closely with carriers, vendors and other partners to help put more efficient processes in place. We are also making progress on our electric vehicle (EV) charging program, which began in 2019.