Tractor Supply initiates new ESG goals

The farm and ranch retailer looks to reduce greenhouse gas emissions while supporting underrepresented groups across its workforce.

In a week that saw industry heavyweights roll out environmental, social, and governance reports, Tractor Supply Company has released its 2020 ESG Tear Sheet.

The latest report from Tractor Supply is its second annual ESG Tear Sheet. The Brentwood, Tenn.-based farm and ranch retailer said the document supports its longstanding commitment to sustainability with increased transparency in reporting progress to stakeholders. Earlier this week, Stanley Black & Decker and luxury home builder Toll Brothers released ESG reports.

“At Tractor Supply, we have a commitment to continuous progress in our ESG efforts, including cultivating a more sustainable environment and an inclusive culture, all while creating long-term value,” said Cynthia Jamison, Tractor Supply chair. “The release of our 2020 ESG Report reinforces the Company’s prioritization to be a responsible corporate citizen.” 

The Company published its first ESG Tear Sheet in 2020 (reflecting 2019) as an extension of its annual Stewardship Report, which was first published in 2013. 

“Tractor Supply Company is passionate about Life Out Here. As a purpose-driven company, our actions in 2020 reflected our Mission and Values,” Hal Lawton, president and CEO of Tractor Supply said, referencing the company’s slogan. “Over the course of the past year, events like the global pandemic, social injustice and natural disasters have reinforced the important role we all play in creating positive change.”

Lawton noted that, while Tractor Supply has made tremendous progress on its ESG commitments during a challenging year, the company continues to look for improvements along with new goals. This includes the areas of carbon emissions, diversity, equity and inclusion in 2021. 

“We are committed to improving our ESG performance for the long-term benefit of our stakeholders,” Lawton said. 

The 2020 ESG Tear Sheet provides new and updated performance metrics for key areas of performance including energy management, recycling efforts, workforce composition, community involvement and volunteering and corporate governance, among others. At Tractor Supply, the board of directors has oversight for the Company’s ESG efforts.

Tractor Supply is also announcing its commitment to establishing new multiyear goals in the area of greenhouse gas emission reductions and specific strategic commitments to support and advance underrepresented groups across its workforce, vendors, suppliers and communities later this year. 

Tractor Supply’s ESG efforts and its 2020 ESG Tear Sheet are available here

The retailer operates more than 1,920 stores in 49 states and has over 42,000 associates. Tractor Supply Company also owns and operates Petsense, a small-box pet specialty supply retailer with 182 Petsense stores in 25 states.