September 21, 2020 Read More →

Walmart sets 2040 net zero carbon emissions goal


The world’s largest retailer has today committed to reaching net zero carbon emissions across its operations by 2040, without relying on carbon offsets.

Walmart, the only company in the world that surpasses Amazon in retail revenue, said that vehicle and heat electrification, renewable energy, and low-impact refrigerants would allow it to reach its new goal as it worked to become a “regenerative company”.

Alongside decarbonising its operations, the firm said it would work with its charitable arm to protect, manage, and restore “at least” 50 million acres of land and one million square miles of ocean by 2030.

Doug McMillon, president and chief executive officer of Walmart, emphasised that urgent action was needed to address a “growing crisis of climate change and nature loss”.

The firm is aiming to fully transition it facilities to run on 100 per cent renewable power by 2035 – up from a 29 per cent share today – and electrify all its vehicles, including long-haul trucks, five years later. At the same time, it plans to transition its cooling systems to low-impact refrigerants and heating systems to electrified equipment across all its stores, clubs, and data and distribution centres by 2040.

Walmart’s carbon reduction programme will be complemented by a new string of goals geared at boosting its stewardship of nature. It has pledged preserve at least one acre of natural habitat for every acre of land it has developed, while supporting the adoption of regenerative agriculture practices, including sustainable fisheries management and forest protection and restoration.

[Cecilia Keating]

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