Target Donated $225M Last Year
On Tuesday morning, Minneapolis-based Target Corp. released its 2020 Corporate Responsibility Report. It drew little news coverage or commentary on social media. That’s likely because it is not light reading: The full report weighs in at 120 pages and is heavy with charts and statistics on an array of issues including Covid-19, social justice, the supply chain, climate and the environment, and even the company’s impact on water supplies from manufacturing facilities where it sources products.
The report covers the company’s fiscal 2019 which ran from February 3, 2019, to February 1, 2020.
For 2019, Target and the Target Foundation donated $225 million, which marked a 10.3 percent increase from the year before. For 2019 the contribution breakdown was $68 million in cash and $157 million of in-kind donations.
The company also reported that Target staffers volunteered 1.06 million hours of time in 2019, which marked a 2.3 percent decline from 2018.
In terms of diversity, Target reports that 58 percent of all of its global employees are women and 49 percent of its U.S. workforce are people of color. In the upper ranks, 25 percent of the leadership team are people of color, as are 46 percent of the board of directors.
Taking a closer look at diversity in the U.S. workforce, the company reports that 25 percent of all employees are Hispanic/Latinx and 15 percent are Black/African American. The company also found that 3 percent of its U.S. workforce identifies as multiracial. The company does not have any comparative statistics in those categories for 2018 or 2017.
The company previously released diversity statistics on Sept. 10, when it announced a goal of increasing the representation of Black employees by 20 percent over the next three years.
Diversity is a strong component of the corporate responsibility report.
In an opening overview from Target CEO and chairman Brian Cornell, he noted: “In August, we launched the Racial Equity Action and Change (REACH) Committee. This group of Target leaders is tasked with guiding us as we work to help Black team members grow and advance in their careers at Target, welcome Black guests into our stores, combat racial inequities in our communities, and advocate for civic engagement and public policy that addresses systemic racism, safety and police reform, economic and educational opportunity, and access to fair and safe voting.”
As of Feb. 1, the company reported 368,000 full-time, part-time, and seasonal employees.
The average hourly wage for store and distribution center employees in 2019 was $14.48 an hour.
In June, Target announced that it would raise its starting wage for U.S. employees to $15 an hour, effective July 5. Previously the starting wage had been $13 an hour. The new policy marks an increase of more than 15 percent. The company had originally set a goal of reaching $15 an hour by the end of 2020.
The company also laid out a few specific goals for boosting the sustainability of numerous products:
- Certify Archer Farms and Good & Gather coffee according to the Fair Trade USA standard or an equivalent;
- Source 100 percent sustainable cotton for owned- and exclusive-brand products by 2022;
- Source all owned-brand paper-based retail packaging from sustainably managed forests by 2022;
- Roll out implementation of a “forest products” policy among relevant owned brands: Up&Up, Pillowfort and Cat & Jack by 2020; Threshold and Smith & Hawken by 2022; and
- Transition to only cage-free shell eggs, pending available supply, by 2025
The company reports varying degrees of progress on those goals.