Home Depot

"Home Depot's net zero target is to reduce its Scope 1 and Scope 2 carbon dioxide emissions by 2.1% per year, aiming for a 40% reduction by 2030 and a 50% reduction by 2035. Net Zero Tracker
This target is relative to their 2009 emissions. Net Zero Tracker
The company also plans to reach 100% renewable electricity for its facilities by 2030. Net Zero Tracker
An interesting fact about Home Depot's environmental policy is that it does not cover historical emissions, only including emissions from 2021 onwards. Net Zero Tracker
In addition, you can check out the net-zero …"

Current Score (vs. LY)

43.5 pts (-1.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #84

S&P100: #60

Consumer Discretionary: #10

Transparency

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

Commitments

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

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2022Y2021Y2020
Scope 1 642,000642,000607,056
Scope 2 - location-based 1,007,146NA1,213,974
Scope 2 - market-based 992,1281,007,0001,140,671
Scope 1-2 - location-based 1,649,146642,0001,821,030
Scope 1-2 - market-based 1,634,128 1,649,000 1,747,727
Scope 3 200,999,1850185,746,651
Total - location-based 202,648,331642,000187,567,681
Total - market-based 202,633,313 1,649,000 186,516,281

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 202,633,313213,411,559
Methodology As reportedPrevious year intensity (revenue)

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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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.

Home Depot belongs to the sector Consumer Discretionary.

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
S1S2LOC 40.0 2011 2030
S1S2LOC 50.4 2011 2035


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email



Net Zero Future Commitments

There is no net zero target recorded in our database. Email us to report missing information Email



Science-based Targets (SBTI)

Date Published / Updated :01/03/2024

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by FY2030 No target No

The Home Depot commits to reduce absolute scope 1 and 2 GHG emissions 42% by FY2030 from a FY2020 base year. The Home Depot commits to reduce absolute scope 3 GHG emissions from the use of sold products 42% within the same timeframe.

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 Home Depot by zerotracker.net: Dec. 14, 2022
Planning to use external offset credits Not Specified
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) No

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 8.0 10.0 -1.0
Transparency 25.5 30.0 -1.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 3.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 2.5 10.0 0.0
Commitments 5.5 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 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 7.5 10.0 0.0
Results 12.5 30.0 0.0
Total 43.5 100.0 -1.0


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)? B 8.0 / 10.0 9.0 -1.0 9.0
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? NC 0.0 / 3.0 0.0 0.0 0.0
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? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 0.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? -1.2
0.0 / 5.0 0.0 0.0 0.0
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? Committed NA 2.5 / 10.0 2.5 0.0 2.5
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 23.2
Actual (in %): 45.4
5.0 / 5.0 5.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
Forward-looking reduction could not be calculated
0.0 / 5.0 0.0 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: 1.7°C 7.5 / 10.0 7.5 0.0 7.5
Total 43.5 / 100.0 44.5 -1.0 49.5


Available Data Sources

Reporting Year 2022 2021 2020 2020 2019 2019
Source Public Yourstake CDP Public Public CDP
Publication Year 2022 2022 2021 2021 2021 2020
Scope 1 642,000 642,000 607,056 607,000 554,000 554,317
Scope 2 - location-based 1,007,146 NA 1,213,974 1,214,000 1,394,000 1,393,916
Scope 2 - market-based 992,128 1,007,000 1,140,671 0 0 1,302,648
Scope 1-2 - location-based 1,649,146 642,000 1,821,030 1,821,000 1,948,000 1,948,233
Scope 1-2 - market-based 1,634,128 1,649,000 1,747,727 NA NA 1,856,965
Scope 3 200,999,185 0 185,746,651 0 0 204,637,598
Total - location-based 202,648,331 642,000 187,567,681 1,821,000 1,948,000 206,585,831
Total - market-based 202,633,313 1,649,000 186,516,281 NA NA 206,074,563

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