Greenhouse gas (GHG) emissions are one of the major causes of rising global warming. CO2, Methane & NOx gases form a major part of greenhouse gases released from fossil fuels such as oil and gas. Due to rising GHG emissions from the operations of companies, it became important among major contributing sectors to report GHG emissions during their operations.
Several retailers, including Walmart, already measure their carbon footprints and climate change programs. Retailers generate a significant portion of their carbon footprint in their stores. Heating, lighting, air conditioning, ventilation, cooking, and refrigeration are the main factors for direct energy consumption, and therefore carbon emissions, of a retail outlet.
Target Corp (Target) is a retailer of general merchandise and food products. The company’s product portfolio comprises baby and beauty products, clothing, electronic equipment, furniture, grocery, home and pet products, school and office supplies, shoes, sports and outdoor products, toys, and sports equipment. Target also offers optical, clinics, and other amenities, home delivery, photo printing service, rewards, and gift card services. Target markets products under owned brands and exclusive brands.
The total GHG emissions (including Scope 3 emissions) of Target in 2021 were 62,411 thousand tonnes of CO2 equivalents, an increase of 6.6% over 2020.
GHG emissions are generally classified into Scope 1, 2, and 3 emissions. Scope 1 includes direct GHG emissions from sources owned or controlled by the company. Scope 2 encompasses indirect emissions resulting from the generation of energy that the company purchases, such as electricity. Scope 3 involves other indirect emissions that relate to the emissions produced by Target’s entire value chain, such as upstream and downstream activities like purchased goods and services (PGS), employee commuting, use of sold products, etc.
In 2021, Scope 3 emissions form the major portion of Target’s total GHG emissions, accounting for around 60,664 thousand tonnes of CO2 equivalent (97.2% of the total GHG emissions). In 2021, the company's Scope 2 emissions (1.012 thousand tonnes of CO2 equivalent) decreased by 14.5%, and Scope 1 emissions (735 thousand tonnes of CO2 equivalent) increased by 5% over 2020.
By 2030, Target commits to achieving a 50% absolute reduction in operations emissions (Scopes 1 and 2) and a 30% absolute reduction in supply chain emissions (Scope 3) covering retail PGS from a 2017 baseline.
United States of America
United States of America
Austria
United States of America
Germany
United States of America
Mexico
Netherlands
Switzerland
Switzerland
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer