Target Corp.

"Target Corp., a company based in the USA, has committed to achieving net zero emissions across its own operations by 2040. Net Zero Tracker
This includes zero waste to landfill in its U.S. operations and engaging constructively with supply chain partners. Net Zero Tracker
An interesting fact about Target's environmental policy is that it plans to have 50% of the energy used in strategic and joint business partner owned operations come from renewables (Scope 3) by 2025. Net Zero Tracker
The company has also joined initiatives such as 'Race to Zero' and 'Business Ambition for 1.5 Degrees'. Net Zero Tracker …"

Current Score (vs. LY)

68.1 pts (2.3)

Last Update: Dec. 12, 2023

Current Rankings

Global: #20

S&P100: #11

Consumer Staples: #2

88.3%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

54.1%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

66.7%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2022Y2021Y2020
Scope 1 734,799699,877752,552
Scope 2 - location-based 1,424,6581,492,2081,680,682
Scope 2 - market-based 1,011,9431,183,5521,545,898
Scope 1-2 - location-based 2,159,4572,192,0852,433,234
Scope 1-2 - market-based 1,746,742 1,883,429 2,298,450
Scope 3 60,664,00064,789,00055,787,000
Total - location-based 62,823,45766,981,08558,220,234
Total - market-based 61,823,742 66,275,429 58,085,450

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 68,219,74266,275,429
Methodology Previous year intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Target Corp. belongs to the sector Consumer Staples.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 30.0 2017 2030 Note that all the scope 3 emissions categories are not fully covered
S3 30.0 2017 2030 Note that all the scope 3 emissions categories are not fully covered
S1S2MKT 50.0 2017 2030

Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 100.0 2020 2040

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3LOC FULL 2040

Science-based Targets (SBTI)

Date Published / Updated :01/03/2019

Near-term Long-Term Net Zero Standard
Targets Set : 2°C by 2030, 2023 No target Yes
Target Corp. is a member of the Business Ambition for 1.5 campaign (link here )

US retailer Target commits to reduce absolute scope 1 and 2 emissions and scope 3 GHG emissions from retail purchased goods and services 30% by 2030 from a 2017 base-year. Target also commits that 80% of its suppliers by spend covering all purchased goods and services will set science-based scope 1 and scope 2 targets by 2023.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Target by zerotracker.net: Dec. 5, 2022
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • Not include avoided emissions (e.g. via renewable energy projects)
  • Not include biological sequestration (e.g. via afforestation)
  • Avoid biodiversity harm
  • Avoid social harm
Plans for carbon dioxide removal (CDR) No

Additional notes: Increasing adoption of renewable energy in own operations, own supply chain, and on the electricity grid. Driving energy and water management in own operations and in own supply chain. Investing in innovations supporting the transition to a zero-carbon transportation system, including vehicle electrification. Investing in solutions that protect, sustain and restore nature, including regenerative agriculture, agricultural residuals and responsible forest management, to reduce climate impacts. Supporting communities most heavily impacted by climate change and building their resilience to climate change impacts like extreme weather events.

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 7.5 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 0.0
Transparency 26.5 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 3.333333333333334 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 3.311894372494621 10.0 -0.2
7 Targets are science-based as validated by SBTi 5.0 10.0 0.0
Commitments 21.645227705827956 40.0 -0.2
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 10.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 10.0 10.0 2.5
Results 20.0 30.0 2.5
Total 68.1 100.0 2.3


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 5.0 0.0 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 9.0 0.0 8.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 4.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2040 1.7 / 5.0 1.7 0.0 1.7
Target year for achieving net zero emissions for S1+S2+S3 combined? 2040 1.7 / 5.0 1.7 0.0 1.7
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 3.3
3.3 / 5.0 3.5 -0.2 3.5
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 2°C 5.0 / 10.0 5.0 0.0 5.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 19.2
Actual (in %): 32.0
5.0 / 5.0 5.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 3.3
Actual (in %): 7.3
5.0 / 5.0 5.0 0.0 5.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.3°C 10.0 / 10.0 7.5 2.5 7.5
Total 68.1 / 100.0 65.9 2.3 64.9


Available Data Sources

Reporting Year 2022 2021 2021 2021 2021 2021 2020 2020 2020 2019
Source NZPDU CDP NZPDU Public Public Yourstake Public CDP NZPDU NZPDU
Publication Year 2022 2021 2021 2022 2021 unknown 2022 2020 2020 2019
Scope 1 734,799 699,877 699,877 699,877 699,877 734,799 752,552 752,552 752,552 755,484
Scope 2 - location-based 1,424,658 1,492,208 1,492,208 1,492,208 1,492,208 1,424,658 1,680,682 1,680,682 1,680,682 2,162,064
Scope 2 - market-based 1,011,943 1,183,552 1,183,552 1,183,552 1,183,552 1,011,943 1,545,898 1,545,898 1,545,898 2,108,893
Scope 1-2 - location-based 2,159,457 2,192,085 2,192,085 2,192,085 2,192,085 2,159,457 2,433,234 2,433,234 2,433,234 2,917,548
Scope 1-2 - market-based 1,746,742 1,883,429 1,883,429 1,883,429 1,883,429 1,746,742 2,298,450 2,298,450 2,298,450 2,864,377
Scope 3 60,664,000 64,789,000 64,789,000 64,789,000 64,789,000 60,664,000 55,787,000 52,049,000 52,049,000 78,400,000
Total - location-based 62,823,457 66,981,085 66,981,085 66,981,085 66,981,085 62,823,457 58,220,234 54,482,234 54,482,234 81,317,548
Total - market-based 61,823,742 66,275,429 66,275,429 66,672,429 66,672,429 62,410,742 58,085,450 53,838,450 53,838,450 80,359,377

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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