The Home Depot has been recognised as a global leader on corporate climate action for its efforts to reduce its environmental impact and build a more sustainable future for consumers and their homes.
CDP, an environmental impact non-profit, named The Home Depot to its Climate Change 'A List', for its actions to cut carbon emissions and mitigate climate risks.
Every year, thousands of companies disclose data about their environmental impacts to CDP for independent assessment and receive scores ranging from A to D- for how effectively they are tackling climate risks and building toward a future zero-carbon economy.
The Home Depot is focused on reducing carbon emissions by continually improving energy efficiency in its operations and expanding investments in renewable and alternative energy. As a result, the company has reduced absolute carbon emissions by over three million metric tonnes since 2009. This was achieved amid significant growth – from $66 billion in sales in 2008 to $108 billion in 2018. The company also set science-based targets in 2018 to achieve a 40% reduction in its carbon emissions by 2030 and a 50% reduction by 2035.
"We're honoured to be recognised by the CDP for our efforts to reduce our environmental impact," said Ron Jarvis, vice president of environmental. "Our results come from making improvements kilowatt by kilowatt.
"We've retrofitted LED lighting in more than 1,300 stores, installed energy-efficient heating, air-conditioning and ventilation systems in 133 stores, and have updated HVAC units in 467 stores.
"As a result of these and other initiatives, from 2010 to 2018, energy consumption at our US stores decreased 26% ahead of our stated goal for a 20% reduction by 2020. We constantly strive to improve the sustainability of our operations, because it's good for our business and good for the planet."