Tractor Supply Co. has released its 2021 Task Force on Climate-Related Financial Disclosures report including TCFD’s recommendations for climate disclosure and information on Tractor Supply’s operations structured around four thematic areas: governance, strategy, risk management and metrics and targets.
Tractor Supply has set absolute emission reduction targets from operations of 20% by 2025 and 50% by 2030, with the ultimate goal of achieving net zero emissions across all operations by 2040, the company stated.
In line with the TCFD guidance, Tractor Supply has taken steps over the past year to progress its environmental stewardship, it noted, including:
- Commemorating Earth Week by releasing the company’s most comprehensive environmental, social and governance report entitled Stewards of Life Out Here
- Announcing its intention to conserve 25 million gallons of water by 2025
- Constructing a new LEED Gold certified distribution center in Navarre, OH, set to begin operations in Q1 2023
- Joining the Sustainability Consortium, an independent organization of diverse global participants that work collaboratively on improving consumer product sustainability
- Announcing partnerships with Ducks Unlimited and Trout Unlimited to fund land conservation, wetland restoration and tree-planting efforts
In the TCFD report, Tractor Supply also discussed its approach to evaluating and managing climate change risks and identifying opportunities. The report underscores the company’s efforts to transparently measure and share climate-related risks, opportunities, goals and progress.
In 2021, the report noted, In late 2021, Tractor Supply initiated a materiality assessment to help clarify and prioritize the material impacts that its operations have on the planet and a global community of stakeholders, and we plan to report the findings from this assessment in future disclosures. The process provides Tractor Supply an opportunity to seek input from critical stakeholders and partners, the company maintained. It also will allow Tractor Supply to enhance our ESG strategy and inform decisions regarding future goal setting and programming, which are aligned with shareholder and stakeholder expectations.
“This year marks our third consecutive TCFD report, representing the latest example of how we have integrated climate-related considerations into Tractor Supply’s growth strategy and risk management framework,” said Hal Lawton, president and chief executive officer of Tractor Supply. “We remain committed to transparent, forward-thinking stewardship to preserve Life Out Here for future generations. Our TCFD report details the progress we have made on our purpose-driven efforts to evaluate and implement policies, programs and projects that benefit all stakeholders.”
