American retailer TJX Companies targets net zero emissions by 2040

As part of its global efforts, TJX also aims to divert 85 per cent of its operational waste from landfill by 2027 and shift 100 per cent of the packaging for products developed in-house by its product design team to be reusable, recyclable or contain sustainable materials by 2030, the company said in a media release.

“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,” said Ernie Herrman, chief executive officer and president of The TJX Companies, Inc. “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 commitments expand upon the work the company has been engaged in and build on its environmental priorities of reducing its emissions and energy usage, managing waste, and sourcing responsibly. In June 2020, after exceeding its previous GHG emissions reduction goal, TJX set a science-based target in alignment with the United Nations’ Paris Agreement guidelines: a 55 per cent absolute reduction in GHG emissions from direct operations by fiscal 2030, against a fiscal 2017 baseline. The company plans to continue to report against this target on its path toward its net zero emissions goal in its operations. TJX has responded to the CDP Climate Change Questionnaire for 12 consecutive years, most recently earning an A- for its 2021 disclosure.

Fibre2Fashion News Desk (KD)