The Home Depot announced today a series of new sustainability commitments, aiming to expand its use of renewable energy, and set science-based emissions reduction targets. The new goals were unveiled with the release of the company’s 2021 ESG Report.
Home Depot’s new goals include a pledge to power its facilities with 100% renewable energy by 2030. The company also announced that it is joining the Science Based Target initiative (SBTi), and has committed to setting goals to reduce Scope 1, 2, and 3 emissions by 2023.
SBTi was formed as a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC), with the goal to establish science-based environmental target setting as a standard corporate practice.
Key sustainability highlights included in Home Depot’s ESG Report include environmental accomplishments such as cutting Scope 1 and 2 carbon emissions by more than 127,000 metric tons, diversity, equity, and inclusion achievements including reaching 35% female, and 53% ethnically and racially diverse U.S. hires in 2020 and spending $3.2 billion with diverse suppliers.
Craig Menear, Chairman, and CEO of The Home Depot said:
“Our commitment to reducing our impact on the planet, taking care of our people, and building strong, sustainable communities is foundational to who we are. More than 40 years ago, our founders gave us eight core values that continue to guide our business today. The progress we made in 2020 demonstrates the commitment of our associates and suppliers to these values, as they prioritized taking care of our associates, customers and communities, as well as the environment, while navigating a year unlike any other.”
Click here to read Home Depot’s 2021 ESG Report