Dear Alexis,
Green Century Fund investors may be interested in learning how companies held in the Green Century Balanced Fund and the Green Century Equity Fund continue to add sustainable practices to help protect the environment.
Target*, the national merchandise retailer with the distinctive bullseye logo, is expanding its renewable energy footprint, recycling and another sustainability efforts.
By next year, the retailer plans to have 100% of the plastic packaging for its brands be recyclable, compostable or reusable.
On the energy front, Target is cutting energy use and investing in projects around the world that produce electricity through renewables, such as sun and wind-powered energy. The company aims to source 100 percent of its electricity from renewables by 2030.
Target was named as a 2023 ENERGY STAR Partner of the Year, which recognizes businesses helping transition to a clean energy economy. In the past few years, Target has installed LED lighting both inside and outside hundreds of stores and upgraded to more efficient rooftop HVAC units.
The company also has made a commitment to net zero greenhouse gas emissions by 2040 and is working to cut climate impacts across its operations and supply chain.
Target plans to make 100% of its private label products, ranging from art supplies to clothing, environmentally sustainable by designing items that are more durable, eliminate waste and encourage reuse by 2040.
Sustainability is a key goal at Target, and we note how the company continues to make advances in plastics, clean energy, and other environmental fronts.
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