Companies

TJX Declares Intention to Achieve NET-Zero Emissions in its Operations by 2040

Published on: 22 April 2022 05:57 PM
by KnowESG

The TJX Companies, an American multinational off-price department store corporation, announced plans to accelerate sustainability in its worldwide operations. The plans are part of the company's environmental sustainability strategy.

TJX targets net-zero greenhouse gas (GHG) emissions in its operations by 2040. The company has made other pledges, including sourcing 100 per cent renewable energy and diverting 85 per cent of its operational waste from landfills by 2030 and 2027, respectively.

By 2030, all packaging for items created in-house by its product design team will be reused, recyclable, or made from sustainable materials.

Ernie Herrman, Chief Executive Officer and President of The TJX Companies, said: "For 45 years, TJX’s mission of delivering great value to our customers every day has gone hand-in-hand with our commitment to act as a responsible corporate citizen, invest in our Associates and our communities, and operate our business ethically. I am so pleased with all we have accomplished over the years, and we are by no means done. These new environmental sustainability goals are important to us in terms of our work to mitigate our impact on the environment. We look forward to continuing to enhance our programs and reporting as we move forward.”

These promises build on the company's environmental initiatives of lowering emissions and energy usage, managing waste, and sourcing responsibly, which it has already begun.

TJX adopted a science-based goal in June 2020, after exceeding its previous GHG emissions reduction goal in accordance with Paris Agreement guidelines: a 55% absolute reduction in GHG emissions from direct operations by Fiscal Year 2030, compared to the Fiscal Year 2017 baseline.

On its way to achieving its net zero emissions goal in its operations, the company intends to continue reporting against this aim. TJX has answered the CDP Climate Change Questionnaire for the past 12 years, getting an A-grade for its most recent report in 2021.

TJX's corporate responsibility efforts encompass four pillars: workplace, communities, and responsible business. Environmental sustainability is one of them.

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