Commercial, GHG Emissions - September 24, 2021
Tractor Supply Commits to Net Zero by 2040
Tractor Supply announced Sept. 23 that it is committed to reaching net-zero emissions across its operations by 2040.
The farming equipment retailer released its new ESG strategy, including its plan to eliminate emissions. In the interim, the company is targeting a 20% emissions reduction by 2025 and 50% reduction by 2030, from a 2020 baseline.
To further reduce its emissions, Tractor Supply plans to increase its procurement of renewable energy, continue to invest in energy-efficient technologies, implement efficient design strategies in its stores and distribution centers and increase the transparency and reduction efforts within it supply chain.
In December 2020, Tractor Supply surpassed its target of reducing operational emissions by 25% per square foot intensity and reported a 29% reduction since 2015. This was achieved five years earlier than the original target.
“At Tractor Supply, we are a purpose-driven company,” Hal Lawton, president and CEO, said in a statement. “As such, we are proud to announce we are accelerating our progress towards becoming more sustainable with new targets for further reducing carbon emissions across our operations and the establishment of tangible goals for our DE&I practices. These new goals are meaningful to our business and are designed to drive positive environmental and social impact within Tractor Supply and our communities. Today’s announcement is a natural extension of our Mission and Values in action as we work to help ensure a sustainable future for all our stakeholders.”
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