Tractor Supply Releases 2020 Task Force on Climate-Related Financial Disclosures Report

Rhea-AI Summary

Tractor Supply Company (NASDAQ: TSCO) has released its 2020 Task Force on Climate-Related Financial Disclosures (TCFD) Report, emphasizing its commitment to Environmental, Social, and Governance (ESG) initiatives. The report outlines strategies for managing climate-related risks, aiming for net-zero emissions by 2040. Key strategies include enhancing energy efficiency, increasing renewable energy procurement, and improving transparency around supply chain emissions. This initiative aligns with TCFD recommendations to bolster transparency and sustainability within its operations.

Positive

• Commits to achieve net-zero emissions across all operations by 2040.
• Detailed strategies for managing climate change risks.
• Increased focus on renewable energy and energy efficiency.

Negative

• None.

Second Annual Report Details Company’s Strategy to Mitigate and Address Climate-Related Risk

BRENTWOOD, Tenn.--(BUSINESS WIRE)-- Tractor 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.

“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.”

The 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.

In 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.

For 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.

About Tractor Supply Company

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has been passionate about serving its unique niche, targeting the needs of recreational farmers, ranchers and all those who enjoy living the rural lifestyle, for more than 80 years. Tractor Supply offers an extensive mix of products necessary to care for home, land, pets and animals with a focus on product localization, exclusive brands and legendary customer service for the Out Here lifestyle. With more than 45,000 Team Members, the Company’s physical store assets, combined with its digital capabilities, offer customers the convenience of purchasing products they need anytime, anywhere and any way they choose at the everyday low prices they deserve. At September 25, 2021, the Company operated 1,967 Tractor Supply stores in 49 states, a customer mobile app and an e-commerce website at www.TractorSupply.com.

Tractor Supply Company also owns and operates Petsense, a small-box pet specialty supply retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities, and offering a variety of pet products and services. At September 25, 2021, the Company operated 177 Petsense stores in 23 states. For more information on Petsense, visit www.Petsense.com.

To stay up to date on all things for Life Out Here, follow Tractor Supply on Facebook, Instagram and Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211213006041/en/

Tractor Supply Company

Mary Winn Pilkington (615) 440-4212

Marianne Denenberg (615) 440-4345

Source: Tractor Supply Company

FAQ

What is Tractor Supply Company's commitment to climate change?

Tractor Supply Company has committed to achieving net-zero emissions across all operations by 2040, as outlined in their 2020 TCFD Report.

When was the TCFD Report released by Tractor Supply Company?

The TCFD Report was released in 2020, detailing the company's strategies for addressing climate-related financial risks.

What does the TCFD Report include regarding Tractor Supply Company's operations?

The TCFD Report includes information on governance, strategy, risk management, and metrics related to climate risk exposure.

How does Tractor Supply Company plan to enhance sustainability?

The company plans to enhance sustainability by increasing renewable energy procurement, improving energy efficiency, and focusing on supply chain emissions reduction.

What is the stock symbol for Tractor Supply Company?

The stock symbol for Tractor Supply Company is TSCO.