Training, feasibility studies, and non-financial support for climate action
Target reports partnering with Tier 1 and 2 suppliers to increase the uptake of cost-effective renewable energy and energy efficiency upgrades through webinars and educational resources. Also a lead funder of Aii’s Clean By Design program
Additional, targeted support for transition planning: Supply Chain Renewables Initiative (SCRI) In 2022, we initiated a Target-led program, in partnership with Schneider Electric, called Supply Chain Renewables Initiative (SCRI). The program aims to engage and educate Target’s suppliers on procuring renewable energy, with a particular emphasis on of-site renewable energy power purchase agreements. This program includes educational content, stakeholder meetings and market sourcing activities to support reductions in supply chain emissions via the acceleration of renewable energy adoption. Through SCRI, we are engaging suppliers to prioritize renewable energy, while working toward our goal to have at least 50% of the energy used in strategic and joint business partner-owned operations come from renewables by 2025.
p.13 52% of our suppliers by spend (of the 80% of suppliers by spend) equating to 301 suppliers, have set science-based scope 1 and 2 goals. This is an increase from the reported 32% in 2021.
Also a lead funder of Aii’s Clean By Design program
Financial Support for Decarbonization
Loans and financing: No evidence of financial support through loans, direct or indirect financing.
Collective financing initiatives: See previous
Direct/debt-free financing: See previous
Responsible/equitable buying to enable climate action
Purchasing decisions incentivize climate action: Target reports having a Vendor Engagement Standard (SOVE) that requires suppliers to have an environmental management system, set clear goals to improve energy and water efficiency and document progress made toward achieving those goals, and install and maintain appropriate air emissions control devices.
It is unclear if environmental performance impacts purchasing decisions.
Equitable/long-term sourcing to enable climate action: Target reports working with Better Buying to “assess the impact of our purchasing practices on supplier sustainability through a financial, environmental and social lens.”
Prices enable climate action: Target has set Just and Equitable Supply chain goals to improve supply chain working conditions, including financial security for workers, but it is not clearly linked to decarbonization or fair pricing for suppliers.
Climate Adaptation
Adaptation/worker just transition training funded or provided: Target reports engaging in climate adaptation preparedness for its supply chain, but does not provide evidence of specific financing or support available to manufacturers, workers or unions.
Emergency support developed with local groups: No evidence
Decarbonization Progress
Reducing manufacturing emissions: No. Scope 3 total from FY20-FY22 has increased. Category 1 increased by 11% YOY and 8% compared with 2020.
Increasing supply chain renewable electricity: No data
Coal phase out transition progress: No data