Commercial, Energy Efficiency, GHG Emissions - March 27, 2019
Target announces supply chain GHG reduction goals
Target announced on March 27 a new reduction goal for themselves and their entire supply chain. The company will reduce its absolute Scope 1, 2 and 3 greenhouse gas emissions by 30% below 2017 levels by 2030. The company is also committing that 80% of its suppliers will set science-based reduction targets on their Scope 1 and 2 emissions by 2023. Target estimates 96% of GHG emissions related to their business comes from their supply chain.
“Our new climate goals will reduce our carbon footprint from source to shelf, as we work alongside our partners within our supply chain to lower emissions and help create a better tomorrow,” said Brian Cornell, chairman and CEO, in a company statement. “We have a responsibility to our guests and the environment to set high expectations and encourage ambitious reductions in greenhouse gas emissions, promoting positive change throughout the industry to have an even greater impact for generations to come.”
The announcement from the company noted, “The key will be unifying our suppliers around these same goals, whether they’re working with the raw materials that create our products, or they’re manufacturing and transporting those products to our shelves.”
In order to reduce their Scope 1 and 2 emissions, Target will continue to ramp up investments in renewable energy and energy saving efforts across our business. Among their efforts to date are the installation of LED lights in their buildings, a Texas wind power project that offsets the electricity use of 60 area stores, and the addition of solar rooftop panels at 500 locations by 2020. To reduce Scope 3 emissions, the company says, “We will work with our suppliers to transition to renewable energy sources and implement their own emissions reduction projects."