Commercial, Energy Efficiency, GHG Emissions - July 27, 2023
Home Depot Sets New SBTi Goals for Carbon
The Home Depot submitted new carbon reduction goals to the Science Based Target initiative for Scope 1, Scope 2 and Scope 3 Use of Products Sold emissions.
The home improvement retailer lowered its Scope 1 and 2 carbon emissions by approximately 92,000 metric tons in 2022.
The Home Depot reports that its greatest environmental impact comes from the products it sells. By the end of fiscal year 2028, the company expects more than 85% of U.S. and Canadian sales in outdoor power equipment, specifically push lawn mowers and handheld outdoor equipment like leaf blowers and trimmers, will run on rechargeable battery technology instead of gas.
The company also reduced electricity consumption by 52% in its stores since 2010.
The retailer announced new goals related to helping customers reduce energy costs and reducing water usage through its products sold by 2026.
Details were released in the company's 2023 ESG Report.
"Since the company’s inception, we have invested in running a responsible, sustainable company because it makes our business stronger, more agile, and more resilient," said Ted Decker, chair, president and CEO of The Home Depot, in a statement. “That has always encouraged good business practices and enabled us to consistently deliver industry-leading results.”
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