The Home Depot Commits to 100% Renewable Electricity for Facilities by 2030

Atlanta — The Home Depot®, the world’s largest home improvement retailer, reduced Scope 1 and 2 carbon emissions by more than 127,000 metric tons in 2020 — a 22% reduction in carbon intensity — while at the same time growing the business nearly 20%. The company also has a goal to reach 100% renewable electricity for its facilities by 2030.

The Home Depot also joined the Science Based Targets initiative (SBTi) to reduce global emissions, committing to set goals for Scope 1, 2 and 3 emissions by 2023. These updates and additional goals were released in its 2021 ESG Report outlining the company’s environmental, social and governance initiatives and progress made in 2020.

“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,” says Craig Menear, chairman and CEO of The Home Depot.

As part of its existing pledge to reduce carbon dioxide emissions by 40% by 2030 and 50% by 2035, the company reduced its Scope 1 and 2 carbon emissions by more than 127,000 metric tons in 2020. It accomplished this by driving efficiencies and investing in green energy.

The Home Depot reduced U.S. store electricity consumption by 44% from 2010 to 2020. In 2020 alone, electricity use in U.S. stores fell more than 14% due to the installation of LED lighting, the use of building-automation systems and the addition of energy-efficient HVAC systems.

To read The Home Depot’s 2021 ESG Report visit https://thd.co/2021ESGReport.

The Home Depot is the world’s largest home improvement specialty retailer. The company operates a total of 2,298 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.

 

 

SOURCE: The Home Depot

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