The TJX Cos. plans to expand and accelerate environmental goals as part of its ongoing environmental sustainability strategy, the company announced, including a move to achieve net-zero greenhouse gas emissions in its operations by 2040.
The company also stated that it would:
- Source 100% renewable energy in its operations by 2030
- Divert 85% of its operational waste from landfills by 2027
- Shift 100% of the packaging for products developed in-house by its product design team so that it will be reusable, recyclable or contain sustainable materials by 2030
The commitments announced expand upon the work TJX has been engaged in and build on its environmental priorities of reducing its emissions and energy usage, managing waste, and sourcing responsibly, the company noted. In June 2020, after exceeding its previous GHG emissions reduction goal, TJX set a science-based target aligned with the United Nations’ Paris Agreement guidelines for a 55% absolute reduction in GHG emissions from direct operations by Fiscal Year 2030 against a Fiscal Year 2017 baseline. TJX indicated that it would continue to report against this target on its path toward its net zero emissions operations goal. The company has responded to the Carbon Disclosure Project or CDP Climate Change Questionnaire for 12 consecutive years, most recently earning an A- for its 2021 disclosure.
“For 45 years, TJX’s mission of delivering great value to our customers every day has gone hand-in-hand with our commitment to act as a responsible corporate citizen, invest in our associates and our communities, and operate our business ethically,” said Ernie Herrman, TJX president and CEO, in announcing the environmental agenda. “I am so pleased with all we have accomplished over the years, and we are by no means done. These new environmental sustainability goals are important to us in terms of our work to mitigate our impact on the environment. We look forward to continuing to enhance our programs and reporting as we move forward.”
