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.
“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.
Signature goals include:
“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:
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.