We achieve our business milestones by designing and operating efficient buildings and spaces, using water, land and other resources responsibly, eliminating waste and minimizing our greenhouse gas footprint.
Part of how we do that is by putting policies in place and setting goals that help guide our progress and move it forward.
Aiming to be a net zero enterprise
Reducing greenhouse emissions
We disclose our company's carbon emissions each year through the CDP (Carbon Disclosure Project), and we’re working toward our goals to achieve net zero emissions by 2040. To reduce our impact and achieve net zero emissions in our owned operations, we are transitioning to CO2 refrigerants, pushing innovation through energy efficient initiatives, and investing in renewable energy. We have joined with more than 50 food retailers in the Environmental Protection Agency’s GreenChill program, working to reduce refrigerant emissions and transition to CO2 refrigerants that have less impact on the environment, and have 70+ stores certified to date. In 2022, we completed the remodel of T2165 Vista, CA, designed to be our first net zero energy store (a store that generates more energy than it needs to operate each year through renewable sources).
Running on solar and wind power
As part of our commitment to supporting our communities and committing to achieve net zero greenhouse gas emissions across our enterprise, Target has a long-term interest in designing and operating energy-efficient and sustainable buildings. We achieved our goal to support renewable energy by increasing the number of buildings with rooftop solar panels to 500 by 2020 and are now working toward a goal to source 100% of our electricity from renewable sources for operations at our U.S. stores and distribution centers.
We’re increasingly meeting a portion of our energy needs with solar power. Currently, our stores that use solar power generate between 15 and 60% of their electricity from solar. In some instances, Target may not retain the renewable energy certificates for the energy generated from our rooftop solar power. In those cases, Target may sell the renewable energy certificates to other entities and thus transfer the rights to characterize that electricity as renewable.
Target is also proud of several new contracts with new renewable energy projects, which will address a significant amount of our electricity use with solar and wind power. These latest efforts include renewable power purchase agreements for two solar projects in Texas, the Golden Buckle Solar Project, the Haystack Wind Project, based in Nebraska, with Ørsted, and many more. More than 50% of our electricity will come from renewable sources once these projects are operational. These agreements are part of our commitment to renewable energy, and we are continuing to grow our portfolio of offsite solar and wind projects to ensure we meet our goals.
More efficient transportation
Another of our goals is to adopt cleaner and more fuel-efficient transportation practices. While we don’t own or operate the fleets that carry our freight, we work closely with carriers, vendors and other partners to help put more efficient processes in place. In 2008, we joined the EPA's SmartWay Transportation Partnership, which includes an annual carbon footprint assessment of domestic transportation operations. We continue to support the electrification of transportation by installing electrical vehicle charging at our properties celebrating the achievement of our goal to add EV charging at more than 100 properties. In addition, we began offsetting our jet travel in 2019 through our ongoing partnership with Arbor Day Foundation.