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Delivering Real Value

At TJX, our mission is to deliver great value to our customers every day. We do this by offering a rapidly changing assortment of high quality, fashionable, brand name and designer merchandise, all at amazing values. Just as our mission has remained steadfast for nearly 45 years, so has our commitment to acting as a responsible corporate citizen. Looking back to 2020 and into 2021, we, like the rest of the world, face the challenges of navigating a global pandemic and addressing the call for equity and racial justice. These challenges, in tandem with other important issues, including climate change, have helped us continue to define and evolve our current corporate responsibility priorities, whether that is prioritizing the health and well-being of our Associates and customers, or taking additional actions to expand our efforts to support a more inclusive workplace. Above all, this year has reinforced that our corporate responsibility efforts are as important as ever to our commitment to act as a responsible corporate citizen, and we continue to focus these efforts under four key pillars:

Many of our corporate responsibility initiatives reflect various United Nations’ (UN) global standards and goals. For example, our Global Social Compliance Program is inspired by the UN Guiding Principles on Business and Human Rights. Our most recent greenhouse gas emissions reduction goal is a science-based target in alignment with the UN Paris Agreement guidelines and supports an emissions growth path aimed at limiting global warming to 1.5 degrees Celsius. Additionally, many of our programs support certain UN Sustainable Development Goals. Specifically, we have Workplace programs to support gender equality; Communities programs to support zero hunger, good health and well-being, and quality education; and Environmental programs to support affordable and clean energy as well as climate action.

Our Global Corporate Responsibility Executive Steering Committee reviews and considers our corporate responsibility efforts from a cross-functional and cross-divisional perspective. In doing so, the Committee, among other things, guides corporate responsibility strategies to align them with TJX business priorities, supports our global corporate responsibility efforts across functions and geographies, facilitates corporate responsibility information exchange, recommends additional program efforts, and, through the Committee’s executive sponsors, periodically reports on our progress to the Company’s senior management and Board of Directors.

We think of our global corporate responsibility program as ever evolving, and we are pleased to present our continued progress here. Corporate responsibility has been part of the fabric of who we are from day one, and we remain committed to making a positive impact on the world, with our efforts reflecting our core values of honesty, integrity, and treating each other with dignity and respect.

1References to 2020 throughout this section denote TJX’s fiscal year 2021, which ended January 30, 2021.