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Tractor Supply Releases 2022 Stewardship Tear Sheet in Conjunction With Earth Week Celebration
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Rhea-AI Summary
Tractor Supply Company (NASDAQ: TSCO) released its fourth annual stewardship tear sheet, highlighting sustainability progress made through 2022, coinciding with Earth Week. The company achieved a 12% reduction in absolute carbon emissions, aiming for a 20% decrease by 2025 and 50% by 2030 from a 2020 baseline. Its water conservation goal includes saving 25 million gallons by 2025. Tractor Supply also built its first distribution center to LEED Gold® standards and has committed over $15 million to community organizations. The company invites customers to a 'try before you buy' event on April 22-23, featuring zero-emission outdoor equipment from Greenworks and Bad Boy.
Positive
Achieved a 12% reduction in absolute carbon emissions, on track for a 20% reduction by 2025.
Set a three-year goal to conserve 25 million gallons of water by 2025.
Opened a distribution center that meets LEED Gold® certification standards.
Invested over $15 million in community organizations.
Successful 'try before you buy' event scheduled, potentially driving sales.
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None.
Fourth annual report outlines stewardship priorities and progress
Team Members, partners and volunteers plant, weed, recycle and learn through Earth Week activities that support the environment and sustain Life Out Here
Customers invited to in-store “try before you buy” event featuring zero-emission outdoor power equipment products from Greenworks and Bad Boy
BRENTWOOD, Tenn.--(BUSINESS WIRE)--
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, announced the issuance of its fourth annual stewardship tear sheet which includes performance highlights and progress made through 2022 on its sustainability priorities. The report’s release comes in conjunction with Earth Week.
Stewards of life out here. (Graphic: Business Wire)
“For all of us at Tractor Supply, Life Out Here represents not only a lifestyle, but a way of life. It means living closer to the land, cultivating and growing, caring for pets and animals and embracing self-reliance and independence,” said Hal Lawton, Tractor Supply’s president and chief executive officer. “As we mark our 85th anniversary, Tractor Supply remains fiercely committed to preserving Life Out Here for future generations. To that end, we’ve made great progress toward our ambitious stewardship goals, and we look forward to celebrating our accomplishments during Earth Week.”
Highlights of Tractor Supply’s 2022 Stewards of Life Out Here report include:
Reduced absolute carbon emissions by 12% as the company made progress on its goals to achieve absolute carbon reduction from operations of 20 percent by 2025 and 50 percent by 2030 from a 2020 baseline. The company is committed to achieving net zero emissions across all operations by 2040.
Announced an ambitious three-year water conservation goal to conserve 25 million gallons of water by 2025.
Built its first distribution center to LEED Gold® certification standards.
Issued its third annual TCFD report detailing the company’s strategy to mitigate and address climate-related risk.
Invested in its Team Members through competitive pay and benefit enhancements and confirmed it is on track to meet the company’s multi-year DE&I goals established in 2021.
Donated more than $15 million to community organizations through direct giving, sponsorships, fundraisers and more as the company continued to show appreciation for its customers and their passions. The Tractor Supply Foundation underwrote a five-year, $5 million commitment to FFA to establish the largest agricultural scholarship of its kind.
Earth Week Activities
In celebration of Earth Week, Tractor Supply invited its Store Support Center Team Members to participate in various planting and clean-up events. A highlight of the week was a tree planting event in support of the Tractor Supply Foundation’s three-year commitment to Trout Unlimited to enhance the depth and breadth of its “Plant for our Future” campaign. As part of this initiative, which aims to plant 25,000 trees annually, Trout Unlimited supported volunteers from Tractor Supply and Friends of Franklin Parks at Harlinsdale Park in Franklin, Tennessee as they planted 375 trees. These native trees and shrubs benefit the stream habitat and address the impacts of climate change by capturing stormwater runoff and storing carbon dioxide. Over the next 30 years, these trees will help the Harpeth River avoid more than 400,000 gallons of stormwater runoff – reducing flooding and water pollution. They will also sequester more than 650,000 pounds of carbon dioxide per year–equivalent to removing 72 cars from the road for a year. Volunteers at the event also had the opportunity to learn how to fly fish from the professionals at Trout Unlimited.
Additional Earth Week activities included:
Planting and preparing soil for spring on Cul2vate’s eight acres of farmland, located at the State of Tennessee’s Ellington Agricultural Center. Cul2vate is a Middle Tennessee nonprofit dedicated to combatting food insecurity with fresh produce that is harvested and distributed by individuals seeking to cultivate change in themselves.
Joining the Tennessee Environmental Council in its effort to clear invasive plant species and plant trees at Tractor Supply’s Store Support Center in Brentwood.
Offering the opportunity to safely recycle old or unwanted electronics in designated bins at the Store Support Center.
“Try Before You Buy” In-Store Event
In addition to activities for Team Members, Tractor Supply is hosting an in-store “try before you buy” event featuring zero-emission outdoor power equipment from Greenworks and Bad Boy. Taking place on Saturday, April 22 from 10 a.m.-6 p.m. and Sunday, April 23 from 11 a.m.-3 p.m. at all Tractor Supply stores, customers can experience a wide variety of outdoor power equipment from Greenworks and Bad Boy, including zero-turn lawn mowers, handheld leaf blowers and string trimmers.
To view the 2022 Stewards of Life Out Here Tear Sheet and learn more about the company’s sustainability strategy, visit Tractor Supply’s Stewardship page, Facebook, Instagram or TikTok.
About Tractor Supply Company
For 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 294 on the 2022 Fortune 500. The company’s more than 50,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.
As of December 31, 2022, the Company operated 2,147 Tractor Supply stores in 49 states, including 81 stores acquired from Orscheln Farm and Home in 2022 that will be rebranded to Tractor Supply by the end of 2023. For more information on Tractor Supply, visit www.tractorsupply.com.
Tractor Supply Company also owns and operates Petsense by Tractor Supply, a small-box pet specialty supply retailer providing products and services for pet owners. As of December 31, 2022, the Company operated 186 Petsense by Tractor Supply stores in 23 states. For more information on Petsense by Tractor Supply, visit www.petsense.com.
