Greenhouse gas (GHG) emissions are one of the major causes of rising global warming. CO2, Methane & NOx gases form a major part of greenhouse gases released from fossil fuels such as oil and gas. Due to rising GHG emissions from the operations of companies, it became important among major contributing sectors to report GHG emissions during their operations.
Several retailers, including Walmart, already measure their carbon footprints and climate change programs. Retailers generate a significant portion of their carbon footprint in their stores. Heating, lighting, air conditioning, ventilation, cooking, and refrigeration are the main factors for direct energy consumption, and therefore carbon emissions, of a retail outlet.
Dollar Tree Inc (Dollar Tree) operates discount variety stores that sell consumables, a variety of merchandise, seasonal goods, home products, electronics products, apparel, and accessories. It offers candy and foods, household products, hardware, and automotive supplies, pet food and supplies, apparel and accessories, party supplies, health and beauty, stationery and school, toys and craft goods, home decor, and seasonal and holiday products.
The total GHG emissions of Dollar Tree in 2021 were 7,426.3 thousand tonnes of CO2 equivalents, an increase of 8.6% over 2020.
GHG emissions are generally classified into Scope 1, 2, and 3 emissions. Scope 1 includes direct GHG emissions from sources owned or controlled by the company, such as mobile combustion, and fugitive emissions. Scope 2 encompasses indirect emissions resulting from the generation of energy that the company purchases, such as electricity. Scope 3 involves other indirect emissions that relate to the emissions produced by Dollar Tree’s entire value chain, such as purchased goods and services, upstream transportation and distribution, and travel.
In 2021, Scope 3 emissions form the major portion of Dollar Tree’s total GHG emissions, accounting for around 6,178.6 thousand tonnes of CO2 equivalent (83.2% of the total GHG emissions), an increase of 12.6% from 2020. In 2021, the company's Scope 1 emissions (212.4 thousand tonnes of CO2 equivalent) decreased by 11.4%, and Scope 2 emissions (1035.3 thousand tonnes of CO2 equivalent) decreased by 6.8% over 2020.
By 2031, Dollar Tree aims to reduce Scope 1 and 2 emissions by 25% per square foot across its retail stores, distribution centers, and Store Support Center and to have 75% of its supplier spend with companies that have measurable greenhouse gas reduction or renewable energy targets.
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