Target’s new sustainability strategy, Target Forward, has set four goals for the retailer to achieve in the next 20 years.
First, Target aims to be the market leader for creating and curating inclusive, sustainable brands and experiences by 2030. In the same time frame, the retailer also hopes to build a team that equitably reflects the community it serves. This has already begun with its commitment to increase Black team member representation across the company by 20 percent by 2023.
By 2040, Target plans for 100 percent of its owned brands to be “designed for a circular future,” meaning the products will be more durable, easily repaired, or recyclable. Also by 2040, Target has committed to becoming a net zero enterprise with zero waste going 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, in a statement. “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.”
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