The Home Depot Reduced Carbon Emissions by More Than 127,000 Metric Tons in 2020; Commits to 100 Percent Renewable Electricity for Facilities by 2030
Company Announces Science Based Targets Initiative Partnership in 2021 ESG Report
The Home Depot®, the world’s largest home improvement retailer, reduced Scope 1 and 2 carbon emissions by more than 127,000 metric tons in 2020—a 22 percent reduction in carbon intensity—while at the same time growing the business nearly 20 percent. The company announced a goal to reach 100 percent renewable electricity for its facilities by 2030, further extending its efforts to improve the environment through cleaner energy.
The Home Depot also joined the Science Based Targets initiative (SBTi) to reduce global emissions, committing to set goals for Scope 1, 2 and 3 emissions by 2023. These updates and additional goals were released in its 2021 ESG Report outlining the company’s environmental, social and governance initiatives and progress made in 2020.
“We are committed to demonstrating leadership through action. Reducing our impact on the planet is part of our core values. These improvements and initiatives will benefit our people, our communities and our environment,” said Michael Rowe, president, The Home Depot Canada. “Sustainable business is good business that benefits the associates and customers we engage with every day.”
As part of its existing pledge to reduce carbon dioxide emissions by 40 percent by 2030 and 50 percent by 2035, the company reduced its Scope 1 and 2 carbon emissions by more than 127,000 metric tons in 2020 across its facilities in the U.S. and Canada. It accomplished this by driving efficiencies and investing in green energy.
Over the last 10 years, The Home Depot Canada has reduced store electricity consumption by 43 percent. In 2020 alone, electricity use in Canadian stores fell more than 8 percent due to the installation of LED lighting, using building-automation systems and installing energy-efficient heating, air conditioning and ventilation systems.
The company also continues to make progress toward its goal to remove expanded polystyrene (EPS) foam and polyvinyl chloride (PVC) film from private-brand packaging by 2023, replacing these products with innovative recyclable materials.
To read The Home Depot’s 2021 ESG Report visit https://thd.co/2021ESGReport.