Tractor Supply issues climate-related task force report
Tractor Supply Company has released its 2021 Task Force on Climate-Related Financial Disclosures (TCFD) report.
For the third consecutive year, the report is aligned with the TCFD’s recommendations for climate disclosure and includes information on Tractor Supply’s operations structured around four thematic areas: governance, strategy, risk management and metrics and targets.
The Brentwood, Tenn.-base farm and ranch retailer has set absolute carbon reduction targets to reduce emissions from its operations of 20% by 2025 and 50% by 2030, with the ultimate goal of achieving net zero emissions across all operations by 2040.
“This year marks our third consecutive TCFD report, representing the latest example of how we have integrated climate-related considerations into Tractor Supply’s growth strategy and risk management framework,” said Hal Lawton, president and CEO of Tractor Supply. “We remain committed to transparent, forward-thinking stewardship to preserve 'Life Out Here' for future generations. Our TCFD report details the progress we have made on our purpose-driven efforts to evaluate and implement policies, programs and projects that benefit all stakeholders.”
In line with the TCFD guidance, Tractor Supply has taken steps over the past year to progress its environmental stewardship, including:
- Commemorated Earth Week by releasing the company’s most comprehensive environmental, social and governance report, “Stewards of Life Out Here”
- Announced a new water conservation goal, to conserve 25 million gallons of water by 2025
- Constructed a new distribution center in Navarre, Ohio to be LEED Gold certified, set to begin operations in Q1 2023
- Joined the Sustainability Consortium, an independent organization of diverse global participants that work collaboratively to improve consumer product sustainability
- Announced partnerships with Ducks Unlimited and Trout Unlimited to fund projects aimed at land conservation, wetland restoration and tree-planting efforts
In the TCFD report, Tractor Supply discusses its approach to evaluating and managing climate change risks and identifying opportunities following the recommendations of the TCFD.
The report also focuses on the retailer’s efforts to transparently measure and share climate-related risks, opportunities, goals, and progress.
Click here to learn more about Tractor Supply’s Stewardship efforts and to view the TCFD report.
