American retailer Target launches new sustainability strategy

The commitments Target is making with Target Forward work toward three critical ambitions: to design and elevate sustainable brands, innovate to eliminate waste, and accelerate opportunity and equity, the retail corporation said in a press release.

The company’s signature goals include becoming the market leader for creating and curating inclusive, sustainable brands by 2030; designing 100 per cent of its owned brand products for a circular future by 2040; being a net zero enterprise by 2040; building a team that equitably reflects the communities it serves by 2030 and increase Black team member representation across the company by 20 per cent by 2023; and becoming more deeply ingrained within communities, and lifting up the voices and unique perspectives of community members.

“We know sustainability is tied to business resiliency and growth, and that our size and scale can drive change that is good for all. Target Forward influences every corner of our business, deepens our collaboration with our partners and builds on our past efforts to ensure a better future for generations to come,” said Brian Cornell, chairman and chief executive officer of Target.

Collaboration is necessary to build a more equitable and regenerative future. Target is committed to co-creating alongside partners, communities and purpose-driven organisations, and to continuous listening and improvement as it works to achieve its goals, the release said.

Fibre2Fashion News Desk (KD)