Management oversight of TJX’s environmental sustainability initiatives, among other ESG initiatives, is led by a Senior Executive Vice President (SEVP), Group President, who has responsibility for many other functions across the business. The SEVP provides oversight and strategic input into the development of the Company’s environmental sustainability strategy and priorities, including global and regional operational environmental sustainability goals, and chairs the Global Corporate Responsibility Executive Steering Committee (CRSC), a global cross functional team that helps guide the Company’s corporate responsibility strategies and align them with TJX business priorities. The Senior Vice President, Chief Risk and Compliance Officer and the Vice President, Sustainability, regularly provide updates to the SEVP on global program progress and initiatives, as well as identify, assess, and report risks and opportunities on the environmental sustainability focus areas, including climate-related issues.
Additionally, the Global Environmental Sustainability Committee (GESC) sets global program priorities, recommends goals and targets, facilitates communication and collaboration across geographies, and monitors key sustainability issues and trends. The GESC includes subject matter experts from the U.S., Canada, and Europe, who measure and manage TJX’s performance in our prioritized environmental sustainability focus areas:
Members of the GESC periodically report on the progress against our environmental sustainability strategy, goals, and metrics to the SEVP, CRSC, and other cross functional stakeholders as appropriate.
In each geography, members of the GESC also work with local subject matter experts (SMEs) in areas such as store and distribution operations, energy, facilities, and procurement, to develop and report progress against the roadmaps, initiatives, and tactics that support our strategy, as well as our global and regional targets. Periodically, the GESC convenes regional SMEs to discuss emerging trends and review strategies and best practices that may be reflected in both short- and long-term plans for the geographies. Topics of discussion have included circularity, chemical policies, single-use plastics, sustainable products and packaging, renewable energy, and supply chain emissions impacts.
Together with input from the SEVP and members of the CRSC, as well as our global internal SMEs, the GESC also works to prioritize initiatives that are considered to be meaningful to the Company’s stakeholders (including Associates, customers, and shareholders) and supports our business in responding to sustainability regulation, reporting, and disclosure.