Target announces sustainability goals to reach net-zero emissions by 2040
Category: #energy-and-environment  By Pranali Mehta  Date: 2021-06-24
  • share
  • Twitter
  • Facebook
  • LinkedIn
Target announces sustainability goals to reach net-zero emissions by 2040
  • The American retailer plans on having 100% recyclable, compostable or reusable plastic packaging by 2025
  • The move comes in response to growing consumer demand for more sustainable products

Target Corp., one of American’s leading retail corporations that is recognized for its private label brands, has vowed to make its items more environmentally sustainable. The company has announced that by 2040, it will produce more durable items, reduce waste, and encourage reuse.

Target plans to be a net-zero firm, as per which it will focus on creating zero waste for landfills at its U.S. headquarters and have net-zero emission levels throughout its supply chain.

While consumers may not accept the changes instantly, the retailer will continue to keep working on its efforts. Target claims to have already developed few sustainability programs. Universal Thread clothing, for example, is made from sustainably harvested cotton and recycled polyester, while its Everspring cleaning products line is made from 100% recycled bottles and nozzles, compostable multi-surface wipes, and 100% recycled paper.

Target has other milestones to meet sooner as it strives toward this goal. For instance, by 2025, the retailer plans on embracing recycled, biodegradable, or repurposed plastic packaging. While, by 2030, it plans to be the industry leader in developing and compiling inclusive, sustainable brands and experiences.

The firm will utilize single-use plastic containers starting this fall, and aims at producing retail bags that are less detrimental to the environment, as part of the Beyond the Bag mission.

In a statement, Target’s CEO and Chairman, Brain Cornell said that it is crucial to adopt sustainable ways for the sake of the health of its business and for the planet. He added that Target recognizes sustainability to be important for its firm’s resiliency and growth, and its size and scale can drive changes that favor all.

 

Source Credit - https://www.cnbc.com/2021/06/22/target-sets-sustainability-goals-net-zero-emissions-by-2040.html

 

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

Read More >>

More News By Pranali Mehta

Honda’s new ADAS technology could help remove vehicle blind spots
Honda’s new ADAS technology could help remove vehicle blind spots
By Pranali Mehta

Automobile manufacturers have been focusing on introducing some advanced car technologies since the past decade to lure more customers and improve brand name. To that effect, Japanese automotive giant Honda Motor Co. has unveiled a new Sensing 360 om...

Online medical store PharmEasy bags USD 350 million in pre-IPO funding
Online medical store PharmEasy bags USD 350 million in pre-IPO funding
By Pranali Mehta

Online pharmacy and medical store PharmEasy has reportedly secured USD 350 million during a pre-IPO funding round. Even its parent API Holdings post-money valuation is now worth USD 5.6 billion following the fundraising. PharmEasy has secured USD 20...

UK’s Environment Agency warns nations to adapt to climate change
UK’s Environment Agency warns nations to adapt to climate change
By Pranali Mehta

The Environment Agency has recently warned that the only way to address climate emergency is for world leaders to focus more on adapting to the unavoidable effects of climate change. According to a report to the government, the agency claims that mo...