Tractor Supply Company (Tractor Supply) is an operator of rural lifestyle retail stores in the United States. The company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The company’s stores offer a wide range of merchandise, including equine, livestock, pet and small animal products; hardware, truck, towing and tool products; seasonal products, including heating, lawn and garden items.
As a retailer of rural lifestyle products, Tractor Supply recognizes the connection between the health of the environment and its customer base. With this recognition in mind, the company has introduced several initiatives to minimize its own environmental footprint. Firstly, Tractor Supply has developed energy management systems within its operating facilities and plans to complete its LED lighting upgrades by 2017, both of which will reduce in-house carbon emissions. The company has also sought fuel economy improvements within its logistics by partnering with the EPA SmartWay program, which utilizes higher efficiency distribution vehicles. Another key strength of Tractor Supply is the company’s data privacy and security safeguards, which include disclosure of data collection policies and specifications for how an individual can have previously collected data permanently deleted. Lastly, the company has best-in-class corporate governance practices, including a majority independent board, separated CEO and chair roles, and independent audit and compensation committees.
Tractor Supply does not utilize life cycle analysis in its product design and development nor does the company outline any strategies to improve the environmental impact of its products. Furthermore, the company lacks long-term goals across several issue areas relevant to the company’s environmental and social impact, which make it challenging to track its performance on an annualized basis.
Industry: Consumer Discretionary
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.