TJX has long been committed to pursuing initiatives that are environmentally responsible and smart for our business. As we operate a large, complex international business and have grown around the world, we have been able to bring our off-price value concept to millions of new consumers. That said, our historical growth has also often resulted in annual increases in our environmental footprint,1 including our energy usage and waste generation. That’s why we work to continually make progress with our environmental sustainability efforts. For instance, we aim to increase the energy efficiency of our operations by maximizing technologies that lower store and distribution center energy use from lighting, heating, ventilation, and air conditioning systems. We also proactively address the way we handle the waste generated by our business operations and are working to responsibly manage the varying materials within our waste stream with a goal of sending less and less waste to landfills. These are just a few of the initiatives that we have underway.
Tracking Our Progress
We believe that it is important to measure our progress and one of the key ways we do that is by tracking our results against quantitative emissions reduction goals. Our global, corporate greenhouse gas (GHG) target was to reduce our GHG emissions per million dollars of revenue by 30% by fiscal 2020 against a fiscal 2010 baseline.
We are pleased to report that we surpassed our goal, ultimately achieving a 47% reduction in GHG emissions per million dollars of revenue by fiscal 2020 against a fiscal 2010 baseline.
Looking ahead, we have set our next-generation, global corporate emissions-reduction target – a 55% reduction in GHG emissions from our direct operations by fiscal 2030 against a baseline year of fiscal 2017. This new long-term goal is a science-based target in alignment with the United Nations’ Paris Agreement guidelines and supports an emissions growth path aimed at limiting global warming to 1.5 degrees Celsius. As we pursue our goal, we plan to continue to focus on meaningful initiatives that have helped reduce our climate-related impacts over the years and actively demonstrate our ongoing commitment to environmental sustainability.
Our efforts to reduce our carbon footprint are focused around these key initiatives: