Target Corporation

Target Corporation reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 1,883 Kt (-415 /-18.1% y-o-y). Also positively, carbon intensity plummeted to 20 t (-9.3 /-31.6% y-o-y).

Target Corporation's Scope 3 emissions soared to 64,789 Kt (+9,000/+16% y-o-y). The growth accelerated compared to the long-term upward trend (CAGR of +7.1% since 4Q'18).

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Target Corporation also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. 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.