The TJX Companies, Inc. Announces New Global Environmental Goals, Including a Plan to Achieve Net Zero Emissions in its Own Operations by 2040
New goals focus on climate change, renewable energy, waste, and product packaging, demonstrating Company’s continued commitment to environmental sustainability
As part of its global efforts, TJX is aiming to:
- Achieve net zero greenhouse gas (GHG) emissions in its operations by 2040
- Source 100% renewable energy in its operations by 2030
- Divert 85% of its operational waste from landfill by 2027
- Shift 100% of the packaging for products developed in-house by its product design team to be reusable, recyclable, or contain sustainable materials by 2030
“For 45 years, TJX’s mission of delivering great value to our customers every day has gone hand-in-hand with our commitment to act as a responsible corporate citizen, invest in our Associates and our communities, and operate our business ethically,” said
These commitments expand upon the work the Company has been engaged in and build on its environmental priorities of reducing its emissions and energy usage, managing waste, and sourcing responsibly. In
Environmental Sustainability is one of four key pillars of TJX’s Corporate Responsibility efforts, which also includes Workplace, Communities, and Responsible Business. To learn more about TJX’s new environmental goals and our work and progress in this area from Fiscal 2021, please visit www.tjx.com/responsibility/environment/.
Important Information at Website
The Company routinely posts information that may be important to investors in the Investors section at TJX.com. The Company encourages investors to consult that section of its website regularly.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Various statements made in this release are forward-looking and involve a number of risks and uncertainties. All statements that address activities, events, or developments that we intend, expect or believe may occur in the future are forward-looking statements, including, among others, statements regarding the Company’s business plans and prospects and targets, goals, or commitments related to environmental sustainability, emissions reductions, energy usage, waste management, product packaging, and sourcing. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: the COVID-19 pandemic; execution of buying strategy and inventory management; customer trends and preferences; competition; various marketing efforts; operational and business expansion; management of large size and scale; merchandise sourcing and transport; labor costs and workforce challenges; personnel recruitment, training and retention; data security and maintenance and development of information technology systems; corporate and retail banner reputation; cash flow; expanding international operations; fluctuations in quarterly operating results and market expectations; mergers, acquisitions, or business investments and divestitures, closings or business consolidations; real estate activities; inventory or asset loss; economic conditions and consumer spending; changes in economic conditions; serious disruptions or catastrophic events; disproportionate impact of disruptions in the final quarter of the fiscal year; commodity availability and pricing; adverse or unseasonable weather; fluctuations in currency exchange rates; compliance with laws, regulations and orders and changes in laws, regulations and applicable accounting standards; outcomes of litigation, legal proceedings and other legal or regulatory matters; quality, safety and other issues with our merchandise; tax matters; and other factors that may be described in our filings with the