Blue Circle - A Smarter School of Fish - Clean ingredients, delicious bites
Shape the Future of Food: Winter Fancy Food Show
Target Unveils New Sustainability Strategy and $1 Billion Investment; Brian Cornell and Amanda Nusz Comment

Target Unveils New Sustainability Strategy and $1 Billion Investment; Brian Cornell and Amanda Nusz Comment


MINNEAPOLIS, MN
Friday, July 2nd, 2021

We often talk about sustainability in terms of being environmentally friendly, but ensuring the longevity of our own businesses is equally important. Target Corporation has recognized this, investing an additional $1 billion into its workforce in 2020. Now, the retailer is furthering its sustainability goals, announcing its new Target Forward strategy.

Brian Cornell, Chairman and Chief Executive Officer, Target“As a company and a member of the global community, it’s imperative for both the health of our business and of our planet that we embrace new ways to move forward,” said Brian Cornell, Chairman and Chief Executive Officer. “We know sustainability is tied to business resiliency and growth, and that our size and scale can drive change that is good for all. Target Forward influences every corner of our business, deepens our collaboration with our partners, and builds on our past efforts to ensure a better future for generations to come.”

Through Target Forward, the retailer is focused on restoring and re-growing natural systems, and ensuring its team, communities, and partners around the globe can thrive. Target Forward works toward three critical ambitions: to design and elevate sustainable brands, innovate to eliminate waste, and accelerate opportunity and equity.

Having invested an additional $1 billion into its workforce in 2020, Target is now furthering its sustainability goals, announcing its new Target Forward strategy

Signature goals include:

  • By 2030, Target aims to be the market leader for creating and curating inclusive, sustainable brands and experiences
  • By 2040, Target plans for 100 percent of its owned brand products to be designed for a circular future
  • By 2040, Target commits to zero waste to landfill in its U.S. operations and net zero emissions across both its operations and supply chain, inclusive of scopes 1, 2, and 3
  • By 2030, Target aims to build a team that equitably reflects the communities it serves, beginning with its commitment to increase Black team member representation across the company by 20 percent by 2023
  • Target and the Target Foundation will become even more deeply ingrained within communities to maximize the positive impact they can create together

Amanda Nusz, Senior Vice President of Corporate Responsibility, Target and President, Target Foundation“We want our guests to turn to Target first when they think about sustainability,” said Amanda Nusz, Senior Vice President of Corporate Responsibility, Target, and President of the Target Foundation. “We know that the only way to make that possible is by putting both people and the planet at the center of our efforts, as we co-create with our guests, our partners, and the communities we serve.”

Target’s exemplifies its efforts through its inclusive and sustainable product assortments; the increasing renewable energy footprint in its operations; its social justice commitments; and philanthropic support of underserved communities.

According to a press release, Target has already made significant progress against many of its goals, some of which include:

  • In 2019, Target set science-based targets for emissions reductions across scopes 1, 2, and 3 and committed to join the “Business Ambition for 1.5°C”
  • Target has projects and partnerships in place that when complete, will result in purchasing nearly 50 percent of its electricity from renewable sources, well on its way to 100 percent by 2030
  • Target accelerated its commitments to sustainable packaging in 2018 when it became a signatory to the New Plastics Economy Global Commitment
  • In 2020, Target invested $1 billion more in the health, safety, and wellbeing of its team members, including the move to a starting wage of $15 in the U.S.
  • Target’s Racial Equity Action and Change (REACH) committee was established in 2020 and accelerates the retailer’s work to create racial equity for Black team members, guests, and communities

Through Target Forward, the retailer is focused on restoring and regrowing natural systems and ensuring its team, communities, and partners around the globe can thrive

With the belief that collaboration is necessary to build a more equitable and regenerative future, Target is committed to co-creating alongside partners, communities, and purpose-driven organizations.

To read Target's other goals and achievements, click here.

With a fully fleshed out sustainability strategy on its hands, there is no telling what progress Target will make.

Target
Topics: