Target

Target reported total carbon emissions of approximately 61.3 billion kg CO2e in 2024. This includes about 867.5 million kg CO2e from Scope 1, approximately 640.4 million kg CO2e (market-based) from Scope 2, and around 58.88 billion kg CO2e from Scope 3 emissions.

In 2023, Target's total carbon emissions were approximately 61.16 billion kg CO2e. This comprised about 818.1 million kg CO2e from Scope 1, approximately 772.4 million kg CO2e (market-based) from Scope 2, and around 59.57 billion kg CO2e from Scope 3.

Comparing to 2022, total carbon emissions were approximately 71.89 billion kg CO2e, with Scope 1 at about 779.9 million kg CO2e, Scope 2 (market-based) at approximately 891.3 million kg CO2e, and Scope 3 at around 69.42 billion kg CO2e.

Target has committed to several reduction targets. By 2030, Target aims to achieve a 55% absolute reduction in operations emissions (Scope 1 and 2) from a 2017 base year. Additionally, the company commits to a 32.5% absolute reduction in Scope 3 supply chain emissions, covering purchased goods and services, upstream and downstream transport, and use of sold products, also from a 2017 base year. Target also has a long-term goal of achieving net-zero greenhouse gas emissions across its entire enterprise (Scopes 1, 2, and 3) by 2040.

Earlier commitments include a 30% absolute reduction in Scope 1 and 2 GHG emissions below 2017 levels by 2030, and a 30% absolute reduction in Scope 3 retail purchased goods and services GHG emissions below 2017 levels by 2030. These targets were approved by the Science Based Targets initiative (SBTi) in January 2019. Target also aims for 80% of its suppliers by spend, covering all purchased goods and services, to set science-based Scope 1 and 2 targets by 2023. Target Corporation's SBTi targets include reducing absolute Scope 1 and 2 emissions and Scope 3 GHG emissions from retail purchased goods and services by 30% by 2030 from a 2017 base-year. Target is a BA1.5 member and has a near-term target classification of 2°C.