Target

Target, a US-headquartered retailer, reported total global greenhouse gas emissions of approximately 59.5 billion kg CO2e in 2024. This figure represents the sum of Scope 1, Scope 2, and Scope 3 emissions.

Emissions Breakdown (2024):

• Scope 1 Emissions: Approximately 867.45 million kg CO2e, primarily from fugitive emissions (554.63 million kg CO2e) and stationary combustion (258.95 million kg CO2e).
• Scope 2 Emissions (Market-based): Approximately 640.45 million kg CO2e, with purchased electricity accounting for about 637.12 million kg CO2e. Location-based Scope 2 emissions were approximately 1.39 billion kg CO2e.
• Scope 3 Emissions: Approximately 58.88 billion kg CO2e. Significant contributors include purchased goods and services (26.63 billion kg CO2e), use of sold products (15.86 billion kg CO2e), and upstream transportation and distribution (7.75 billion kg CO2e).

Looking back, Target's total global emissions were about 60.8 billion kg CO2e in 2023 and approximately 71.07 billion kg CO2e in 2022.

Climate Commitments and Targets: Target has set several near-term and long-term climate targets:

• Operations Emissions (Scope 1 and 2): Target is committed to an absolute reduction of 55% in operational emissions (Scope 1 and 2) by 2030, using a 2017 baseline. This target is cascaded from Target Corporation's own commitments.
• Supply Chain Emissions (Scope 3): Target aims to achieve a 32.5% absolute reduction in supply chain emissions (Scope 3) by 2030, specifically covering purchased goods and services, upstream and downstream transport, and the use of sold products, also from a 2017 baseline. Additionally, Target 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. These Scope 3 targets have been approved by the Science Based Targets initiative (SBTi).
• Net-Zero Target: Target is committed to achieving net-zero greenhouse gas emissions across all scopes (Scope 1, 2, and 3) by 2040.

These targets highlight Target's commitment to reducing its carbon footprint across its entire value chain, aligning with climate science goals.