4 views left Get unlimited views with a free account

Get a 360 degree view on a company powered by live data from the GlobalData Intelligence Center.

TJX: Greenhouse Gas Emissions in 2022

Industry: Clothing, Footwear and Accessories Specialists
Current: ESG

TJX’s total GHG emissions were 645 thousand tonnes of CO2 equivalents in 2022
In 2022, TJX’s Scope 1 emissions were around 122 thousand tonnes of CO2 equivalents
TJX has set a target to achieve net zero GHG emissions in its operations by 2040

TJX’s Greenhouse Gas Emissions

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 a retail outlet's direct energy consumption and carbon emissions.

The TJX Companies Inc (TJX) is an off-price apparel and home fashion retailer. TJX offers products through in-store and online formats to its customers. It operates stores under various banners including T.J. Maxx, Marshalls, HomeGoods, HomeSense, T.K. Maxx, and Winners.

The total GHG emissions of TJX in 2022 were 645 thousand tonnes of CO2 equivalents, an increase of 10% over 2021.

GHG emissions are generally classified into Scope 1,2 & 3 emissions. Scope 1 includes direct GHG emissions from stationary fuel combustion and refrigerant gases. Scope 2 encompasses indirect GHG emissions from the on-site generation and purchase of electricity. Scope 3 involves all other indirect GHG emissions in TJX’s value chain.

In 2022, TJX’s Scope 1 emissions were 122 thousand tonnes of CO2eq, and Scope 2 emissions were 460 thousand tonnes of CO2eq. TJX's Scope 3 emissions in 2022 reached 63 thousand tonnes of CO2eq.

TJX has set a target to achieve net zero GHG emissions in its operations (Scope 1 and Scope 2) by 2040.

Get a 360 degree view on a company powered by live data from the GlobalData Intelligence Center. Get a 360 degree view on a company powered by live data from the GlobalData Intelligence Center. Explore Company Solutions