Target has unveiled its new sustainability strategy Target Forward that is focused on restoring and regrowing natural systems and ensuring its team, communities and partners around the globe can thrive.
According to the company, the new initiative is focused on three critical ambitions: to design and elevate sustainable brands, innovate to eliminate waste and accelerate opportunity and equity.
Target Forward also includes several signature goals that set benchmarks for the company to reach over the next two decades.
- By 2030 the retailer aims to be the market leader for creating and curating inclusive, sustainable brands and experiences.
- By 2040, Target plans for 100% of its owned brand products to be designed for a circular future. Target’s teams will continue designing to eliminate waste, using materials that are regenerative, recycled or sourced sustainably, to create products that are more durable, easily repaired or recyclable.
- By 2040, the company commits to being a net-zero enterprise – zero waste to landfill in its U.S. operations and net zero emissions across both its operations and supply chain.
“As a company and a member of the global community, it’s imperative for both the health of our business and of our planet that we embrace new ways to move forward,” said Brian Cornell, chairman and chief executive officer of Target. “We know sustainability is tied to business resiliency and growth, and that our size and scale can drive change that is good for all. Target Forward influences every corner of our business, deepens our collaboration with our partners and builds on our past efforts to ensure a better future for generations to come.”
To learn more about Target Forward visit target.com/targetforward.