Walmart beats key sustainability target
Wal-Mart has reduced 28.2m metric tons of greenhouse gas emissions since 2010
US retail giant Walmart has outlined the progress it has made on its sustainability goals, including a 28.2m metric ton reduction of greenhouse gas (GHG) emissions from its global supply chain – beating its target of 20m by the end of 2015.
At its global sustainability milestone meeting yesterday (17 November), the company said it achieved this goal by implementing various innovative measures across its global operations and those of suppliers in partnership with EDF.
These included enhanced energy efficiency, the execution of numerous renewable energy projects and collaborating with suppliers on its Sustainability Index - which measures and reports on product sustainability - to track progress towards reducing overall carbon footprint.
Since launching its 'Sustainable Agenda' ten years ago, it has also doubled its fleet efficiency, and expects to save nearly US$1bn compared to a 2005 baseline, and avoid emissions of almost 650,000 metric tons of carbon dioxide.
In addition, Walmart has expanded an existing commitment to preserve wildlife habitat. The retailer is providing $35m over the next years to Acres for America.
Since 2005, Walmart , in collaboration with the National Fish and Wildlife Foundation, has helped preserve and restore more than 1m acres of wildlife habitat through 61 projects in 33 states, the District of Columbia and Puerto Rico.
"While our journey is far from over, it's clear that we are on the right path," said chief sustainability officer Kathleen McLaughlin. "Even as Walmart grows, we are continuing to leverage our scale and enhancing our supply chain for the good of people and the planet."
Separately, the company narrowed its full-year guidance after recording a 10.8% decline in third-quarter profit. Net income amounted to $3.4m for the three months to 31 October, while revenue fell 1.3% to $119m.
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