Home Depot publishes ESG Report

US DIY retail market leader Home Depot has released its 2023 environmental, social and governance (ESG) Report. The report provides details of the company's progress on its ESG pillars: Focus on our People, Operate Sustainably and Strengthen our Communities. This year, the company achieved several of its ESG goals and set new ones.

In 2022, the company reduced its Scope 1 and 2 carbon emissions by approximately 92 000 tons, equivalent to taking more than 20 000 cars off the road for a year, the retailer states. Recently, the company submitted new carbon reduction goals to the Science Based Targets initiative for Scope 1, Scope 2 and Scope 3 "Use of Products Sold" emissions. Home Depot's greatest environmental impact comes from the products it sells.

By the end of fiscal 2028, the company expects more than 85 per cent of U.S. and Canadian sales in outdoor power equipment, specifically push lawn mowers and handheld outdoor equipment like leaf blowers and trimmers, will run on rechargeable battery technology instead of gas. Additionally, Home Depot has announced new goals related to helping customers save energy costs and reduce water usage through its products sold by 2026.

Regarding associate development, the company plans to provide ten million hours to frontline associates for skill development and 2.5 million hours of training to leaders by 2028.

Since 2011, The Home Depot Foundation has contributed more than USD 450 mio and Team Depot has volunteered 1.4 million service hours to veteran causes.

In 2022, The Home Depot Foundation granted USD 82 mio, continuing to prioritise taking care of the communities where it operates, focusing on veteran causes, skilled trades training and disaster relief. By 2028, The Home Depot Foundation plans to invest USD 50 mio to train skilled tradespeople, including veterans, to help close the skilled labour gap.