In 2024, Target completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Target has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 867,450a | 818,148a | 779,858a | |
Total Scope 2 | ||||
Market-Based | 640,447a | 772,389a | 891,321a | |
Location-Based | 1,394,314a | 1,474,620a | 1,505,539a | |
Total Scope 3 | 58,880,000a | 59,567,000a | 69,420,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 8.14a | 7.6169a | 7.1468a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Target amounted to 2,261,764 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Target decreased by 1.35%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Target were 867,450 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Target's Scope 1 emissions have increased by 15.27%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Target's Scope 1 emissions increased by 6.03%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Target reported Scope 2 greenhouse gas (GHG) emissions of 640,447 tCO₂e using the market-based method and 1,394,314 tCO₂e using the location-based method.a
Since 2019, Target's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 17.04%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2023), Target's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Target's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Target reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Target reported 58,880,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Target includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Target reported total Scope 3 emissions of 58,880,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 70.9% of these emissions originated from upstream activities such as purchased goods and capital goods, while 29.1% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Target's Scope 3 emissions have decreased by 24.9%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Target's Scope 3 emissions remained relatively stable, indicating that Target's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Target reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Target's Scope 3 emissions were:a
In 2024, Target reported Scope 1 greenhouse gas (GHG) emissions of 867,450 tCO₂e and total revenues of USD 106,566 millions. This translates into an emissions intensity of 8.14 tCO₂e per millions USD.a
In 2024, Target reported a Scope 1 emissions intensity of 8.14 tCO₂e per millions USD. Compared to the peer group median of 14.24, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Target ranked 9 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Target is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Target reported a total carbon footprint of 61,141,764 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.16% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Target's total carbon footprint was Scope 3 emissions, accounting for 96.3% of the company's total carbon footprint, followed by Scope 2 emissions at 2.28%.a