Target

Target's reported carbon emissions

Target, headquartered in the US and operating within the All Other Miscellaneous Store Retailers industry, has reported significant carbon emissions across its operations. For the year 2024, Target's total global emissions were approximately 60.7 billion kg CO2e. This figure comprises Scope 1 emissions totalling about 867.5 million kg CO2e, Scope 2 emissions reaching approximately 640.4 million kg CO2e (market-based), and substantial Scope 3 emissions amounting to about 58.9 billion kg CO2e. Looking at previous years, Target's total emissions for 2023 were approximately 61.5 billion kg CO2e, with Scope 1 at about 818.1 million kg CO2e, Scope 2 at approximately 772.4 million kg CO2e (market-based), and Scope 3 at about 59.6 billion kg CO2e. In 2022, total emissions were around 71.1 billion kg CO2e, including Scope 1 at approximately 779.9 million kg CO2e, Scope 2 at about 891.3 million kg CO2e (market-based), and Scope 3 at approximately 69.4 billion kg CO2e. Target has established robust climate commitments. Notably, the company aims for a 55% absolute reduction in operations emissions (Scopes 1 and 2) by 2030, using a 2017 base year. Furthermore, Target is committed to achieving a 32.5% absolute reduction in supply chain emissions (Scope 3), covering purchased goods and services, upstream and downstream transport, and the use of sold products, also from a 2017 base year by 2030. Beyond these near-term targets, Target has committed to achieving net-zero greenhouse gas emissions across its entire enterprise (Scopes 1, 2, and 3) by 2040. The company has also received approval from the Science Based Targets initiative (SBTi) for its Scope 1, 2, and 3 climate goals, which include a commitment to reduce absolute Scope 3 GHG emissions from retail purchased goods and services by 30% by 2030 from a 2017 base year. In addition, Target is working to ensure that 80% of its suppliers, by spend, will set science-based Scope 1 and 2 targets by 2023.