Target Launches New Sustainability Goals as Part of "Target Forward"
Daniel Johnson — June 22, 2021 — Business
References: corporate.target & retaildive
Target revealed a new list of environmental and equity goals that it tries to achieve over the next two decades, with the launch of a new initiative named "Target Forward."
As part of the new Target Forward inactive, the company will attempt to make 100% of its private-label products to be "designed for a circular future," before the year 2040. This will include producing more products that are recyclable, durable and also sustainably sourced.
The company will also attempt to be a "net-zero enterprise" by the year 2040. this will require Target to produce net-zero emissions through its company operations and supply chains, while also adding zero waste to landfills in its United States operations.
Image Credit: Target
As part of the new Target Forward inactive, the company will attempt to make 100% of its private-label products to be "designed for a circular future," before the year 2040. This will include producing more products that are recyclable, durable and also sustainably sourced.
The company will also attempt to be a "net-zero enterprise" by the year 2040. this will require Target to produce net-zero emissions through its company operations and supply chains, while also adding zero waste to landfills in its United States operations.
Image Credit: Target
Trend Themes
1. Circular Economy Products - Target aims to create circular economy products, including recyclable and durable products by the year 2040, opening an opportunity for emerging companies to develop sustainable materials and products.
2. Net-zero Emissions - Target's plan to achieve net-zero emissions by 2040 creates an innovation opportunity for renewable energy and carbon capture technologies.
3. Zero Waste Operations - Target's goal of zero waste in landfills by 2040 creates an opportunity for waste reduction technologies and sustainable packaging solutions.
Industry Implications
1. Sustainable Packaging - The goal of creating recyclable and sustainable packaging for Target's private-label products creates an innovation opportunity for sustainable packaging companies.
2. Renewable Energy - Target's plan for net-zero emissions creates an opportunity for renewable energy industries such as wind, solar, and hydroelectric power.
3. Waste Reduction - Target's zero-waste goal creates an innovation opportunity for companies in the waste reduction and management industry to provide sustainable solutions.
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