Target Corporation
Carbon footprint
Primary Climate Goal
Target Corporation aims to reduce Scope 1 + 2 by 30% by 2030 from a base year 2017
This target is most likely outdated and the company appears to have already achieved it
Secondary Climate Goal
Target Corporation aims to achieve net zero for all Scopes by 2040
GHG emissions and Carbon intensity
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 (
The company is committed to reducing Scope 1 + 2 by 30% by 2030 from a base year 2017, which it appears to have already achieved as of 2020. This science-based target is aligned with Paris Agreement to limit global warming to 2°C above pre-industrial levels.
Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -3,334 Kt per annum over the period of FY2021 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.