Target Releases First Annual Corporate Responsibility Report

BrownFlynn would like to congratulate Target for publishing its first annual Corporate Responsibility Report with the Global Reporting Initiative.   The completion of the report is an exciting milestone to achieve, especially because Target is celebrating its 50th anniversary this year.  Target indicates that its website has highlighted corporate responsibility activities for the past two years, but “stakeholders wanted one place for all the information,” so it decided to release a report.

The 2011 Corporate Responsibility Report outlines progress towards June 2011 goals and introduces four new goals that address education, the environment, and team member well-being.  Executive Vice President, General Counsel and Corporate Secretary, Tim Baer states that “Target’s corporate responsibility goals foster greater transparency and accountability on initiatives that help put more U.S. children on the path to graduation, reduce our impact on the environment, and help Target team members and their families live healthy, balanced lives.”

Chairman, President and CEO, Gregg Steinhafel describes that “with great opportunities come great responsibilities, and as Target continues to grow and evolve, our team is passionately committed to embracing our responsibilities with the same discipline, dedication and enthusiastic service that have distinguished our work for the past five decades.”

To review or download a complete copy of the 2011 Corporate Responsibility Report, click here.

To read the full press release, click here.

 

By Brittany VanderBeek, Intern

Six Thousand US Companies Support Climate Change Legislation

Last week, SocialFunds.com ran an article stating that six thousand US companies are in support of climate change legislation. This number came from an analysis conducted by American Businesses for Clean Energy (ABCE) where they tallied up membership in seven coalitions and initiatives, including We Can Lead and the US Climate Action Partnership.

These companies employ an estimated 3.5 million people, represent more than $2.6 trillion in market cap and totaled $3.5 trillion in estimated revenue in 2009. Of these companies, 21 were Fortune 100 companies and 49 were Fortune 500 companies, including Target, Boeing, General Electric, Ford, IBM and United Technologies.

Christopher Van Atten of ABCE said “This unprecedented outpouring of business support for real leadership from the White House and US Senate on clean energy and climate should be a wake up call for elected officials in Washington” (SocialFunds.com).

To read the full article please click here.

What do you think? Is this analysis enough to make the government stand up and take notice? What does it really say about the corporate world’s stance on energy and climate change? Let’s hear your thoughts!