Having 1,900 stores, US-based retailer Target unveiled Target Forward – a new sustainability strategy that puts its business to use to positively impact both people and the planet.
In a statement, the company said that Target Forward is anchored to the company’s purpose to help all families discover the joy of everyday life. 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.
The commitments Target is making with Target Forward work towards three critical ambitions: to design and elevate sustainable brands, innovate to eliminate waste and accelerate opportunity and equity. Signature goals include the following:
By 2030, Target aims to be the market leader for creating and curating inclusive, sustainable brands and experiences. By 2040, Target plans for 100 per cent of its owned brand products to be designed for a circular future. Target’s teams will continue designing to eliminate waste, using materials that are regenerative, recycled or sourced sustainably, to create products that are more durable, easily repaired or recyclable.
By 2040, Target commits to being a net zero enterprise — zero waste to landfill in its US 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 per cent by 2023.
“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 CEO of the company. “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.”