The world's largest retailer has set a new goal for shrinking its environmental footprint and is turning to suppliers to help achieve a 20m tonne cut in greenhouse gas emissions from the lifecycle and supply chain of Walmart products by 2015.
Speaking at a webcast news conference yesterday, Walmart CEO Mike Duke detailed the latest development in his company's efforts to make the entire business more environmentally responsible. The cut in emissions is about one-and-a-half times the company's projected carbon growth over the next five years and is roughly equivalent to the emissions of 3.8m cars during a year, he said.
"Today we're announcing an aggressive new goal," said Duke. "There are opportunities throughout the product lifecycle - from the sourcing of the raw materials to the manufacturing of a product to its transportation and how customers use it, dispose of it and recycle it.
"We will be efficient… because we can find the reductions anywhere in the world and at the lowest price. We will be a leader in retail… because we will be the first to take a look at the supply chain on a global scale."
Environmental Defense Fund president Fred Krupp, whose organisation has been working closely with Walmart to craft the new target as well as earlier sustainability measures, praised Walmart's efforts. "This is real leadership... Walmart is looking at the whole picture," said Krupp, referencing the firm's work to reduce emissions of its fleets and buildings, establish a Sustainability Index and increase standards among suppliers in China and around the globe.
Duke acknowledged EDF's counsel and assistance in developing the new goal (EDF has established an office in Bentonville to work Walmart at its home base), as well as input from the Natural Resources Defense Council and the World Wildlife Fund in the company's broad environmental program.
Other help on the supply chain goal is coming from PricewaterhouseCoopers, ClearCarbon Inc., the Carbon Disclosure Project and the Applied Sustainability Center (ASC) at the University of Arkansas. The organisations will help identify projects, measure and verify reductions and engage with suppliers.
Elizabeth Sturcken, who is the managing director of EDF's Corporate Partnerships program and leads the team working with Walmart, said the company, its suppliers and the various advisory groups collaborating on supply chain emissions are venturing into "uncharted waters". They plan to share their framework for some of the key processes. "We're going to open this up to the world to make sure this is real and accurate," she said.
Report suggests businesses have underestimated impact of new legislation that could increase energy bills by up to six per cent in 2011 01 Apr 2010
Telco giant reports that nearly all of its electricity now comes from renewable sources 03 Jun 2010
Swapping fridges that emit F-gases for CO2 equivalents will help the company cut its overall greenhouse gas emissions 10 Nov 2009
Survey of top sustainability executives finds environmental regulations are increasingly driving green improvements 29 Apr 2010
Seven out of 10 C-level execs at billion dollar firms plan to increase climate-related investments over the next two years, despite uncertain regulatory environment 25 May 2010
Power supplier urges companies with complex or foreign ownership structures to engage with the Environment Agency immediately 30 Jul 2010
Danish firm’s swan song gives way to new turbine blade maker on Isle of Wight 30 Jul 2010
Memorandum signed with Energy Department to use more renewables 30 Jul 2010
More news
Energy analyst's report questions wisdom of DECC’s energy review 29 Jul 2010
Telecity becomes 300th organisation to get the Trust’s official stamp for ongoing carbon reduction 28 Jul 2010
The price of decarbonising versus the price of business as usual: both are variables 28 Jul 2010 More in-depth
