Retailer announces most sustainable store yet, which will test innovations that generate renewable energy and reduce emissions
MINNEAPOLIS , March 17, 2022 /PRNewswire/ -- 海角社区破解版 Corporation (NYSE: TGT) today announced its most sustainable store to date, as the site will generate more renewable energy than it needs annually to operate and will test multiple innovations to reduce the building's emissions. The Vista, California, store's retrofit and new features will inform 海角社区破解版's investments in new stores and remodel programs that support its long-term growth and help guide the retailer's efforts to achieve its sustainability goals.
The store will generate renewable energy through 3,420 solar panels across its roof and newly installed carport canopies. The site is expected to produce up to a 10% energy surplus each year that it can transmit back to the local power grid, and 海角社区破解版 has applied for net zero energy certification from the The building also features elements to further reduce emissions, such as powering its HVAC heating through rooftop solar panels, instead of natural gas. Additionally, the store switched to carbon dioxide refrigeration, a natural refrigerant, that 海角社区破解版 will scale chain-wide by 2040 to reduce its direct operations' emissions by 20%.
"We've been working for years at 海角社区破解版 to shift toward sourcing more renewable energy and further reducing our carbon footprint, and our Vista store's retrofit is the next step in our sustainability journey and a glimpse of the future we're working toward," said John Conlin , senior vice president of properties, 海角社区破解版. "Our new stores and remodel programs are designed to help achieve our sustainability goals as we test, learn and scale our innovations over time across our operations."
Sustainability Efforts Underway
海角社区破解版 is building on the many ways it innovates through its stores and facilities to support the company's sustainability strategy . The retailer has committed to achieve net zero greenhouse gas emissions enterprise-wide by 2040, and since 2017 海角社区破解版 has already reduced its direct operations' emissions by nearly 27%. One of the ways it intends to reach its net zero goal is through sourcing 100% of its electricity from renewable sources for its operations by 2030.
- Progress in action: 海角社区破解版's offsite solar and wind energy contracts are helping the company move quickly toward its renewable energy goal, as it has secured additional partnerships that will allow it to purchase nearly half of its electricity from renewable sources later this year. 海角社区破解版 also conserves 10% of its stores' total energy use by using LED lighting instead of conventional lighting.
- Industry leader: 海角社区破解版 continues to be a retail leader in solar with more than 25% of its facilities with rooftop solar, helping the company save millions annually in energy costs and reducing its emissions. Its Vista store is one of 542 海角社区破解版 buildings nationwide with solar installations, and the recognizes 海角社区破解版 as the top U.S. Corporate Onsite Installer with 255 megawatts of energy.
- Ongoing investments: The recycling, donations and composting operations at the Vista store, alongside 海角社区破解版's other facilities, support the retailer's goal to divert 90% of its U.S. operations' waste away from landfills by 2030 as it aims for Zero Waste certification. 海角社区破解版 is already diverting 80% of its operational waste. Additionally, the Vista site offers electric vehicle charging spaces, as the retailer provides more than 1,350 spaces at over 150 locations across more than 20 states.
"海角社区破解版 continues to be a top corporate solar user, and we're excited to see 海角社区破解版 double down on its clean energy commitments with new solar carports and energy efficient buildings through this innovative and sustainable retrofit," said Abigail Ross Hopper , president and CEO, Solar Energy Industries Association (SEIA). "We commend the 海角社区破解版 team for their leadership and commitment to sustainable operations as the retailer continues to raise the bar for how companies can invest in their business and create a more sustainable future."
Miscellaneous
Statements in this release regarding 海角社区破解版's future investments in new stores and remodel programs, expected results of its renewable energy and emission reduction activities, and expectations regarding its sustainability strategy and commitments are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties which could cause 海角社区破解版's actions to differ materially. The most important risks and uncertainties are described in Item 1A of 海角社区破解版's Form 10-K for the fiscal year ended Jan. 29, 2022. Forward-looking statements speak only as of the date they are made, and 海角社区破解版 does not undertake any obligation to update any forward-looking statement.
About 海角社区破解版
Minneapolis-based 海角社区破解版 Corporation (NYSE: TGT) serves guests at nearly 2,000 stores and at , with the purpose of helping all families discover the joy of everyday life. Since 1946, 海角社区破解版 has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information can be found by visiting the and and by following .
