Potential offtaker

Target Corp

www.target.com

Estimated electricity consumption

N/A

Countries of production presence

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Target Corp is a well-known American retail corporation that operates in the Supercenters sector. The company has a rich history dating back to 1902, when it was founded as Dayton Dry Goods Company in Minneapolis, Minnesota. Over the years, Target has grown to become one of the largest retailers in the United States, with over 1,900 stores and more than 350,000 employees across the country.

Target has always been committed to sustainability and environmental responsibility. In recent years, the company has made significant strides in decarbonisation and renewable energy, with a goal to achieve net-zero emissions by 2040. To achieve this goal, Target has implemented a number of initiatives aimed at reducing its carbon footprint and increasing its use of renewable energy.

One of the key initiatives that Target has undertaken is the implementation of corporate energy strategies. The company has set a target to reduce its energy consumption by 10% by 2020, and it has already achieved a 7.5% reduction in energy use since 2010. Target has also invested in energy-efficient technologies, such as LED lighting and HVAC systems, to further reduce its energy consumption.

Another important initiative that Target has undertaken is the use of corporate power purchase agreements (PPAs) to increase its use of renewable energy. Target has signed several PPAs with wind and solar energy companies, which has allowed the company to increase its use of renewable energy to 22% of its total energy consumption. Target has also set a goal to source 100% of its electricity from renewable sources by 2030.

In addition to these initiatives, Target has also implemented a number of other sustainability programs aimed at reducing waste and conserving resources. The company has set a goal to divert 70% of its waste from landfills by 2020, and it has already achieved a 67% diversion rate. Target has also implemented a recycling program for plastic bags and other packaging materials, and it has reduced the amount of water it uses in its stores by 14% since 2010.

Target's commitment to sustainability and environmental responsibility has not gone unnoticed. The company has been recognized by several organizations for its efforts, including the Environmental Protection Agency, which has awarded Target with its Energy Star Partner of the Year award for 11 consecutive years. Target has also been recognized by the Carbon Disclosure Project, which has named the company to its A List for climate change leadership.

In conclusion, Target Corp is a leading American retail corporation that operates in the Supercenters sector. The company has a strong commitment to sustainability and environmental responsibility, and it has implemented several initiatives aimed at reducing its carbon footprint and increasing its use of renewable energy. Through its corporate energy strategies, use of corporate PPAs, and other sustainability programs, Target is well on its way to achieving its goal of net-zero emissions by 2040.

✓ Current offtaker under Corporate PPA's
✓ Re100 member
✓ Science Based Targets member
✓ Declared Net Zero commitment