Target Corporation

General Merchandise Stores
TGT
$ 156 (0.35)%
Share price
$ 70 bn
Market Cap
$ 87 bn
Enterprise Value

Carbon footprint

20 Ton
GHG emissions per $ 1 mln investment
0.53x the weighted average for S&P 500
FY2021
How is this calculated?
-7.3%
YOY change in GHG emissions
Weaker than the +5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-2.9%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Target Corporation aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2017


2°C
Target Corporation's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-5.3%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2022
How is this calculated?

Target Corporation aims to achieve net zero for all Scopes by 2040


This target has not been verified as science based according to SBTi
Target Corporation's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Target Corporation's GHG emissions (market-based) (Kt of CO2e)
Target Corporation's Carbon intensity (Tons per 1 USDm)

Target Corporation's carbon footprint

Target Corporation reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 1,747 Kt (-137 /-7.3% y-o-y). Also positively, carbon intensity decreased to 17 t (-3.6 /-17.9% y-o-y).

Target Corporation's Scope 3 emissions surged to 60,664 Kt (+4,019/+7.1% y-o-y). This is broadly in line with the growth trend (CAGR +6.8% since 4Q'19).

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2017, which translates into the estimated reduction of -51 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 2°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -3,285 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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