TJX Cos. sets net zero emissions target
The TJX Companies is accelerating its environmental goals as part its ongoing environmental sustainability strategy.
The off-price giant, whose banners include Marshalls, Home Goods and TJ Maxx, is aiming to achieve net zero greenhouse gas (GHG) emissions in its operations by 2040. TJX also plans to source 100% renewable energy in its operations by 2030, and to divert 85% of its operational waste from landfill by 2027.
In addition, TJX expects that 100% of the packaging for products developed in-house by its product design team to be reusable, recyclable, or contain sustainable materials by 2030.
“These new environmental sustainability goals are important to us in terms of our work to mitigate our impact on the environment,” said Ernie Herrman, CEO and president, TJX. “We look forward to continuing to enhance our programs and reporting as we move forward.”
The new commitments build on the company’s 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% absolute reduction in GHG emissions from direct operations by fiscal year 2030, against a fiscal year 2017 baseline. The retailer plans to continue to report against this target on its path toward its net zero emissions goal in its operations.
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As of January 29, TJX operated a total of 4,689 stores in the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia, and five e-commerce sites. These included 1,284 T.J. Maxx, 1,148 Marshalls, 850 HomeGoods, 59 Sierra, and 39 Homesense stores in the United States; 293 Winners, 147 HomeSense, and 106 Marshalls stores in Canada; 618 T.K. Maxx and 77 Homesense stores in Europe; and 68 T.K. Maxx stores in Australia.