New goals are focused on climate change and renewable energy, as well as product packaging. They demonstrate the Company’s continued commitment towards environmental sustainability
FRAMINGHAM (Mass.), April 20, 2022–(BUSINESS WIRE)–The TJX Companies, Inc. (NYSE: TJX), the leading off-price apparel and home fashions retailer in the U.S. and worldwide, today announced plans to expand and accelerate environmental goals as part of the Companys ongoing environmental sustainability strategy.
TJX is working to:
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Zero net greenhouse gas (GHG), emissions from its operations by 2040
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By 2030, 100% of its operations will be powered by renewable energy
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By 2027, divert at least 85% of its operational and waste from the landfill
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By 2030, 100% of packaging for products created in-house by the product design team will be reusable, recyclable or made from sustainable materials.
“TJX’s mission to deliver great value to its customers every day for 45 years has gone hand in-hand with our commitment as a responsible corporation citizen, invest our Associates and our communities, operate our business ethically, and I am so happy with all that we have accomplished over these years. We are not done yet.” We are proud to have set new environmental sustainability targets to reduce our environmental impact. We look forward enhancing our programs and reporting as the future unfolds.
These commitments are a continuation of the Company’s work and support its environmental priorities, including reducing its emissions and energy consumption, managing waste and sourcing responsibly. TJX established a science-based goal in June 2020 to exceed its previous GHG emissions reduction goal. This target was in accordance with the United Nations Paris Agreement guidelines. It aims to achieve a 55% absolute decrease in GHG emissions from direct operations by Fiscal year 2030, compared to a Fiscal Year 2017 baseline. The Company intends to continue reporting against this target as it works towards its net zero emission goal. TJX has answered the CDP Climate Change Questionnaire twelve consecutive years. Most recently, it received an A- for its disclosure for 2021.
TJX’s Corporate Responsibility efforts include four pillars: Environmental Sustainability, Workplace, Communities and Responsible Business. Visit this site to learn more about TJX’s new environmental goals, our progress in this area, and our work since Fiscal 2021. www.tjx.com/responsibility/environment/.
About The TJX Company, Inc.
The TJX Companies, Inc., the largest off-price retailer of apparel and home fashions both in the U.S.A and worldwide, is TJX Companies, Inc. The Company had 4,689 stores as of the end of its fiscal year on January 29, 2022. This includes five e-commerce websites and nine retail locations in the United States, Canada and the United Kingdom. These include 1,284 T.J. Maxx; 1,148 Marshalls; 850 HomeGoods; 59 Sierra stores and 39 Homesense shops. tjmaxx.com, marshalls.com, homegoods.com, sierra.com, in the United States. 293 Winners, 14 HomeSense, and 106 Marshalls Stores in Canada. 618 T.K. Maxx and 77 Homesense shops, as well as tkmaxx.com, in Europe; 68 T.K. Maxx stores are available in Australia. TJXs financial information and press releases are available at TJX.com.
Important Information on Website
The Investors section of the website contains information that may be relevant to investors. TJX.com. The Company encourages investors visit this section on its website regularly.
Forward-looking Statement
SAFE HARBOR STATEMENT UNDERS THE PRIVATE SECURITY REFORM ACT (ACT OF 1995): Several statements made in this release can be considered forward-looking and are subject to a number of uncertainties. All statements that relate to future events, activities, or developments are forward-looking statements. This includes statements about the Company’s business plans and prospects. There are many factors that could cause actual results not to be as expected: the COVID-19 pandemic, execution of buying strategy and inventory control; customer preferences and trends; marketing efforts; operational and company expansion; merchandise sourcing and transportation; labor costs and workforce problems; personnel recruitment, training and retention, data security and maintenance and enhancement of information technology systems; corporate and retailer banner reputation; cash flows; real estate activities, inventory or asset loss; legal proceedings and other legal or regulatory factors; quality and safety of our merchandise; tax matters; and others Even if future events or experience make it clear that the projected results in forward-looking statements may not be realized, we do not intend to revise or update them.
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Contacts
The TJX Company, Inc.
Erika Tower
Global Communications
(508) 390-2323
