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Tractor Supply Releases 2020 Task Force on Climate-Related Financial Disclosures Report
Second Annual Report Details Company’s Strategy to Mitigate and Address Climate-Related Risk BRENTWOOD, Tenn.--(BUSINESS WIRE)-- Tractor Supply Company
About this update from Tractor Supply Company
[{"type":"text","content":"\nSecond Annual Report Details Company’s Strategy to Mitigate and Address Climate-Related Risk\n\n BRENTWOOD, Tenn.--(BUSINESS WIRE)--\nTractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, today released its 2020 Task Force on Climate-Related Financial Disclosures (TCFD) Report, furthering its commitment to Environmental, Social and Governance (ESG) progress and transparency.\n\n“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 Chief Executive Officer 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.”\n\nThe report follows Tractor Supply’s announcement of its goal to reduce its carbon footprint and achieve net zero missions across all operations by 2040. The report is 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. It 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 and metrics and targets.\n\nIn the TCFD Report, the Company discusses its approach to evaluating and managing climate change risks and identifying opportunities. The Company 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.\n\nFor more information on Tractor Supply’s ESG efforts and sustainability initiatives and to view the TCFD Report, please visit the Company’s website at IR.TractorSupply.com/ESG.\n\nAbout Tractor Supply Company\n\nTra...