Tractor Supply Company has released its 2020 Task Force on Climate-Related Financial Disclosures (TCFD) Report.
The Brentwood, Tenn.-based farm and ranch retailer said the report furthers its commitment to environmental, social, and governance (ESG) progress along with transparency.
“At Tractor Supply, we have made significant progress integrating climate-related risk awareness into our business activities and overall strategy, corporate governance and risk management,” said Hal Lawton, president and CEO of Tractor Supply. “We remain focused on monitoring ongoing risk and promoting sustainability through our Company actions.
This TCFD report is an important component of our commitment to transparency and furthering our long-standing ESG efforts.”
The report follows Tractor Supply’s announcement of its goal to reduce its carbon footprint and achieve net-zero emissions across all operations by 2040. The report is also in response to the Task Force on Climate-related Financial Disclosures, an organization established by the Financial Stability Board (FSB) in 2017 to promote more informed financial decisions and to improve understanding of exposure to climate-related risk.
The task force is aligned with the TCFD’s recommendations for climate disclosure and includes information on Tractor Supply’s operations structured around four thematic areas of governance, strategy, risk management, metrics, and targets.
In the TCFD Report, the company discusses its approach to evaluating and managing climate change risks and identifying opportunities.
Tractor Supply also details the next phase of its sustainability journey, including increasing efforts to procure renewable energy, continuing investments in energy efficiency and cleaner technologies, avoiding future emissions through better design of both stores and distribution centers, and enhancing its Scope 3 focus with greater transparency and reduction efforts, including new vendor engagement to drive down value chain emissions.
Click here to read the TFCD Report and more information about Tractor Supply’s ESG efforts and sustainability initiatives.
Tractor Supply operates 2,000 stores in 49 states along with 177 Petsense stores in 23 states.