Target Corporation

Food Retailers & Wholesalers / Apparel Retailers
TGT
$ 213 (2.6)%
Share price
$ 99 bn
Market Cap
$ 116 bn
Enterprise Value

Carbon footprint

16 Ton
GHG emissions per $ 1 mln investment
0.58x the weighted average for S&P 500
FY2020
How is this calculated?
-18%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-0.5%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2021
How is this calculated?

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This target is most likely outdated and the company appears to have already achieved it
2°C
Target Corporation's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-5%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.9% weighted average for S&P 500
FY2021
How is this calculated?

Target Corporation aims to achieve net zero for all Scopes by 2040


This target has not been verified as science based according to SBTi
Target Corporation's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Target Corporation's GHG emissions (market-based) (Kt of CO2e)
Target Corporation's Carbon intensity (Tons per 1 USDm)

Target Corporation's carbon footprint

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 (+9,000/+16% y-o-y). The growth accelerated compared to the long-term upward trend (CAGR of +7.1% since 4Q'18).

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.

Company environmental metrics

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