Tractor Supply warned climate change and a lack of diversity would hurt business. Now it’s ignoring those risks

As recently as February, Tractor Supply Co., known for selling animal feed, pet food and lawn and garden equipment to hobby farmers, told investors that climate change was a significant threat to its business.

Any delay or failure to meet its goals of cutting emissions 50% in six years and achieving net zero emissions by 2040 could hurt “public perception of our business, employee morale, customer or stockholder support” and its financial performance, the company said in its annual report.

Tractor Supply also warned that it could suffer similar business consequences if...