TJX : 2023 Global CorporateResponsibility ReportAt A Glance
TJX
Delivering Real Value Every Day.
GLOBAL
CORPORATE
RESPONSIBILITY
REPORT
AT-A-GLANCE
2023
/ CONTENTS
02 Our Approach to Corporate Responsibility
05 FY23 Highlights
07 Workplace
13 Communities
21 Environmental Sustainability
29 Responsible Business
36 Reporting & Disclosures
To learn more, visit
tjx.com/corporate-responsibility/introduction/overview.
Please note that references to items accomplished or completed in this booklet denote TJX's Fiscal 2023, which ended January 28, 2023, unless otherwise noted.
Our Approach to Corporate Responsibility
Corporate responsibility has been part of the fabric of who we are from day one. We take a global approach to corporate responsibility, with regional programs and initiatives that support our global work. We focus our efforts where we believe we can have a meaningful impact and report our efforts under four key pillars:
2.
Management &
Oversight
As part of its oversight role, our Board of Directors reviews environmental, social, and governance (ESG) matters, and, directly through its Committees, considers information relating to our corporate responsibility programs.
In Fiscal 2023, a Senior Executive Vice President, Group President (SEVP), added strategic oversight of our Global Corporate Responsibility program to their business function. This SEVP, along with global, cross-functional leaders, oversees the development of corporate responsibility strategies across a range of ESG matters that align with our business priorities.
Stakeholder Engagement
We strongly believe that for our policies and practices to be effective, they must evolve and be informed by the perspectives of our many global stakeholders, including our Associates, customers, shareholders, and others. We view engaging with stakeholders, in addition to industry associations, as an opportunity to gain insights and learn.
Learn more about our approach to corporate responsibility on TJX.com.
3.
We firmly believe that our continued commitment to developing and implementing meaningful environmental, social, and governance practices is important as we move forward. Our approach to corporate responsibility is intended to build on our prior efforts and sets us up to evolve over time with practices that we believe can be impactful and inclusive, reflecting today's growing responsibilities and varied expectations.
Ernie Herrman
Chief Executive Officer and President
The TJX Companies, Inc.
4.
FY23 Highlights
Workplace
68%
58%of managerial1
of people in
positions in stores and
field offices were filled by
managerial1
positions globally
internal promotions
Shortened
were women
waiting periods
for some of our
36%
physical well-
80%of promotions
being programs
of people in
for eligible
managerial
Associates at our
globally were earned
positions in the U.S. were
U.S. office and
by women
people of color1,2,3
store locations
Environmental Sustainability
29% reduction in
74%of global operational
global GHG emissions
waste diverted from landfill
from our direct
operations since FY17
B score received on the
27%
of our electricity in
our global direct
CDP 2022 Climate Change
operations came from renewable
Questionnaire
energy sources
5.
Communities
30,000
3 million
Disaster relief efforts for
flooding in areas such
domestic
young people
as Pakistan, Australia,
and Canada
violence services
provided access
provided
to educational
opportunities
$27
30 million
million
meals provided
donated for healthcare
research and patient care
Responsible Business
Joined the Sustainable
78% of Board Members
Packaging Coalition
are women and/or self-
identify as a member of an
underrepresented group6
(as of June 2023)
78% of Board
Members are
2,900+
independent
(as of June 2023)
factory audits were reviewed
6.
WORKPLACE
7.
Prioritizing
Inclusion
OUR APPROACH
We aim to support our Associates by making TJX a terrific place to work.
We remain committed to being an equal opportunity employer, and we strive for an inclusive workplace where our Associates feel welcome when they walk through our doors; valued for their diversity of thought, background, and experience; and engaged with our mission to deliver great value to our customers every day.
FOCUS AREAS
To learn more about our global Workplace initiatives, visit tjx.com/corporate-responsibility/introduction/overview.
8.
Embracing Differences: Inclusion and Diversity
Fiscal 2023 Gender and Racial Diversity Statistics
Global
We know that a diverse workforce can help us to think creatively, remain agile, and, importantly, be true to our values, and we are strongly committed to continuing to build a more inclusive and diverse workplace.
We focus this work under three priority areas and aim to:
We have supported these priorities in a variety of ways, including expanding nonprofit partnerships, enhancing our Global Leadership Curriculum, and launching Inclusion & Diversity (I&D) Advisory Boards whose members include Associates from our stores, distribution and processing centers, and offices.
of our global
of Vice President and above
of people in managerial
workforce is female
positions globally are female
positions globally are female 1
of promotions globally were
of people in non-managerial
earned by women
positions globally are female
We continue to work toward our global I&D priorities, adding Associate-led I&D advisory boards in the U.S., Canada, Europe, and Australia and new Associate Resource Groups in the U.S., Canada, and Europe over the past two years.
9.
In the U.S.
of our workforce in the U.S. are
of Vice President and above in the
of people in managerial positions
people of color 2,3
U.S. are people of color 2,3
in the U.S. are people of color 1,2,3
of promotions in the
of people in non-managerial
U.S. were earned by people of color 2,3
positions in the U.S. are people of color 2,3
10.
The Talent Pipeline: Recruitment, Development, and Retention
Promoting a Happier and Healthier Workforce: Health & Well-Being
We look for diverse, enthusiastic, and dedicated people to join our team, and we remain committed to building our internal talent pipeline to develop our Associates into our global leaders of tomorrow. Our career development initiatives are designed to foster open communication and relationship building, which are both key parts of our culture.
In recent years, we have expanded our recruitment strategies to enhance our ability to attract an inclusive, diverse talent pool at all levels.
We enhanced leadership training for newly hired and recently promoted leaders and added new inclusion and diversity education.
33,000+
attendance in Global Leadership Curriculum courses since 2017.
We encourage Associates to bring their whole selves to work and support them in a variety of ways.
Our global wellness initiatives are part of our commitment to meeting the diverse needs of our Associates across the globe and focus on three key areas:
In FY23, we shortened enrollment waiting periods for some of our physical well-being programs to provide earlier access for eligible Associates at our U.S. offices and store locations.
11.
12.
COMMUNITIES
13.
Giving Back
OUR APPROACH
For over four decades, we have been committed to providing value and caring for others. It extends beyond the walls of our stores, distribution centers, and offices and into our local communities around the world. Our approach to this work centers around our global community mission:
Deliver great value to our communities by helping vulnerable families and children access the resources and opportunities they need to build a better future.
As a global business with stores on three continents and in thousands of communities around the world, it's important to us to support the communities where our Associates live and work.
We organize support around four social impact areas through Foundation Giving, Cause Marketing and
In-Store Fundraising, and Associate Volunteerism and Giving.
SOCIAL IMPACT AREAS
To learn more about our Communities initiatives and partnerships, visit tjx.com/corporate-responsibility/introduction/overview.
14.
OUR GLOBAL
SUPPORT INCLUDES:
•
Big Brothers Big Sisters
•
Dana-Farber Cancer Institute
•
Alice House (Canada)
•
Bottom Line
•
Feeding America
•
Comic Relief (U.K.)
•
Cradles to Crayons
•
St. Jude Children's Research
•
Dress for Success (Canada)
• Greater Boston Food Bank
Hospital
•
Enable Ireland (Ireland)
•
Joslin Diabetes Center
•
Feeding America (U.S.)
•
Jumpstart
•
Indspire (Canada)
•
National Domestic Violence
•
Feeding America
•
Petites-Mains (Canada)
Hotline (U.S.)
• St. Jude Children's Research
• KABOOM!
•
The Posse Foundation
Hospital (U.S.)
•
National Park Foundation
• Read to a Child
• The Prince's Trust (U.K.)
• YMCA of Greater Boston
• Women in Need Society
•
Alice House
(Canada)
•
Woodgreen's Homeward
•
Dress for Success
Bound (Canada)
•
Indspire
•
Save the Children
•
Petites-Mains
•
Feeding America
• Women in Need Society
•
Woodgreen's Homeward Bound
•
Alice House (Canada)
•
Alzheimer's Association (U.S.)
•
Academy for the Future
•
Feeding America (U.S.)
(Poland)
•
Dress for Success (Canada)
•
Cancer Research U.K. (U.K.)
•
Indspire (Canada)
•
Children for a Better World
•
JDRF (U.S.)
(Germany)
•
Petites-Mains (Canada)
•
Comic Relief (U.K.)
•
St. Jude Children's Research
•
Enable Ireland (Ireland)
Hospital (U.S.)
•
The Prince's Trust (U.K.)
•
Women in Need Society (Canada)
•
Stowarzyszenie WIOSNA
•
Woodgreen's Homeward
(Poland)
Donations in Europe are made through the
Bound (Canada)
•
The Smith Family (Australia)
TK Maxx and Homesense Foundation.
15.
16.
Bringing Value
to Our Communities
Basic Needs:
Education and Training:
We are passionate about supporting
We focus on programs that provide skills,
organizations that help fill critical basic
resources, and opportunities to support
needs for vulnerable families.
school and career success.
17.
TJX's corporate philanthropic funds provided 30 million meals and 300,000 shelter nights in FY23.
Healthcare Research:
We support organizations that deliver services to families and children when they are facing health challenges and life-threatening illnesses, in addition to those aimed at spurring advancements in care and cures.
We helped raise $27 million for healthcare research and patient care in FY23, thanks in part to the generous donations of our customers and Associates.
In FY23, our work with a variety of organizations and direct funding for education and workforce training opportunities impacted more than 3 million young people.
Empowering Women:
We partner with organizations committed to helping empower women and enrich their lives through programs that provide services ranging from help for those fleeing domestic violence to others
that offer education, training, and job placement resources.
We provided funding for 30,000 domestic violence services in FY23.
18.
Disclaimer
The TJX Companies Inc. published this content on 15 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 11:49:20 UTC.