Target Emphasizes Supplier Energy Transitions to Reduce Scope 3 Emissions
In its 2026 Sustainability and Governance Report, Target highlighted the importance of supplier energy transitions in reducing emissions across its supply chain. The retailer identified upstream carbon footprints from suppliers as a major contributor to its overall emissions and emphasized efforts to improve energy efficiency and increase renewable electricity use among business partners. Target has launched initiatives such as the Forward Renew program with Schneider Electric, which provides resources for clean energy adoption. It also collaborates with the Corporate Energy Buyers Association on regional programs in countries like India, China, Vietnam, South Korea, and Indonesia. These efforts aim to reduce supply chain emissions by 32.5% by 2035. As of fiscal year-end January 31, 2026, Target reported a 10.7% reduction in supply chain emissions compared to its 2017 baseline. Scope 3 emissions account for nearly all (98.5%) of the company's total footprint.
Tickers: $TGT
Topics: renewable energy supply chain management sustainability