Walmart is the first retailer with a verified science-based target emissions-reduction plan. The company aims to reduce its absolute Scope 1 and 2 emissions by 18 per cent by 2025. The retailer will also work to reduce CO2e, or carbon dioxide equivalent, emissions from upstream and downstream Scope 3 sources by one billion tons (a gigaton) between 2015 and 2030.
Project Gigaton is part of a series of Walmart sustainability initiatives, focused on addressing social and environmental issues in ways that help communities while also strengthening business. Walmart is now one of America's leading commercial solar and on-site renewable energy users and gets about 25 percent of its global energy from renewable sources.
"We are proud of the improvements we have made in reducing our own emissions, but we aim to do more. That is why we are working with our suppliers and others on Project Gigaton," said Kathleen McLaughlin, senior vice president and chief sustainability officer for Walmart.
To help suppliers make commitments to emission reduction, or to establish emission reduction projects, Walmart collaborated with NGOs, like World Wildlife Fund and Environmental Defense Fund, and additional like-minded organisations to create an emissions reduction toolkit. In this toolkit, Walmart highlights the business case for why suppliers should consider signing on to Project Gigaton.
"Supply chains are the new frontier of sustainability. The journey products take from source to shelf will collectively shape our planet's future. Project Gigaton is a testament to the transformative impact that leaders of industry can have on our greatest common challenges. As more companies follow in the footsteps of Walmart and their suppliers, we can achieve the critical mass needed to address climate change. Today's commitment represents an important step toward a safer and more prosperous future," said Carter Roberts, president and CEO, World Wildlife Fund.
"A challenge like Project Gigaton will catalyse leadership and innovative solutions around the globe. Forward-looking companies like Walmart, and the suppliers that will join them, know that our economy and our planet can—and must—thrive together. Consumers deserve both, and these businesses are leading the way. EDF looks forward to helping them along this journey," said Fred Krupp, president of Environmental Defense Fund (EDF).
"Through the years, we have seen that integrating sustainable practices into our operations improves business performance, spurs technological innovation, inspires brand loyalty, and boosts employee engagement. Our suppliers recognise the opportunity to realise those same benefits in their businesses. By working together on such an ambitious goal, we can accelerate progress within our respective companies and deep in our shared supply chains," said Laura Phillips, senior vice president, Sustainability for Walmart. (KD)
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