Target Corp

The company completed a TCFD-aligned climate risk scenario analysis in 2022, including a low emissions scenario (SSP1-2.6) and a high emissions scenario (SSP5-8.5) to assess its physical risks and opportunities. However, it is unclear whether it covers animal agricultural supply chains and protein diversification.

The company discloses a breakdown of its total Scope 3 emissions. However, it does not disclose emissions from animal agriculture.

In 2019, Target set an SBTi-approved goal to reduce absolute Scope 3 emissions by 30% by 2030 (using a 2017 baseline). The company is seeking validation of its updated goals by the SBTi, and it states that these goals will include a FLAG target.

The company provides no information relating to protein diversification in its climate disclosure.

There is no evidence that the company is strategically integrating protein diversification into its climate transition plan. While the company states its intention to source low-carbon products to increase availability for its customers, it does not provide further detail on the specific products included in this initiative.

The company does not have a target.

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The company's board monitors overall sustainability and ESG strategy and risks, including environmental stewardship practices like climate and energy, through its Governance & Sustainability Committee. However, there is no evidence that the board supports protein diversification.

The company discloses that its multiple board members have expertise in sustainability. Also, it discloses that one of its board members has expertise in climate.

The company has board members with experience in senior leadership positions at healthcare-related companies. However, it is unclear from the disclosure whether they developed technical expertise in these roles.

The company offers a comprehensive insight into its lobbying activities. It actively engages policymakers and regulators across a diverse spectrum of topics. Notably, these topics include climate change, taxes, trade, privacy, product safety, sustainability, data security, and employment. Also, it discloses a comprehensive list of the trade associations and other policy-based organisations with whom the company engages. Additionally, the company publishes a lobbying report every quarter outlining its lobbying expenses.

The company discloses in its CDP Climate Change 2023 a list of its lobbying activities, however, none of these initiatives related to positive climate and nutrition outcomes for its food business.

The company discloses a list of the trade associations it comprises.

It is unclear from the disclosure whether the company's indirect lobbying actions are aligned with positive climate and nutrition outcomes.

There is no evidence the company has committed to Just Transition principles.

The company offered comprehensive information about its projects dedicated to assisting farmers within its supply chain as they shift towards regenerative farming methods. However, there was no evidence found relating to the company's support for its employees during the Just Transition.

Target is exploring and investing in a variety of regenerative agriculture initiatives covering key agricultural commodities. Target is involved in the Nebraska Soil Carbon Project and collaborates with MBOLD, The Nature Conservancy, and others to promote regenerative farming. The company is supporting a climate smart agriculture partnership focusing on dairy feedstock and manure management.

The company discusses its approach to regenerative farming practices. However, it has not developed a Just Transition strategy that covers animal agriculture.

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In January 2023, the company entered into a partnership with influencer Tabitha Brown to introduce a 'Vegan Food and Kitchen Collection', encompassing 40 plant-based items.

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The company discloses that it regularly monitors consumer trends, reviews regulatory changes, and engage with industry organisations such as the Consumer Brands Association (CBA), Food Industry Association (FMI), and various governmental agencies at the federal, state, and local levels. However, it has not made a commitment to developing and delivering marketing and merchandising strategies related to alternative protein sources.

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The company is promoting the nutrition of some of its its plant-based products on its website. For example, OWYN 100% Plant Protein shakes offer dreamy taste and clean nutrition with 20g of protein, a superfoods greens blend, and 535mg of Omega-3s.

There is no evidence for this KPI.

There is no evidence that the company conducts consumer research relating to alternative protein sources.

There is no evidence for this KPI