The world’s largest retailer has committed to reaching net zero carbon emissions across its operations by 2040, without relying on carbon offsets.
Walmart 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 retailer has 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”.
“For 15 years, we have been partnering to do the work and continually raising our sustainability ambitions across climate action, nature, waste and people,” he added. “The commitments we’re making today not only aim to decarbonize Walmart’s global operations, they also put us on the path to becoming a regenerative company – one that works to restore, renew and replenish in addition to preserving our planet, and encourages others to do the same.”
Walmart 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
It should be noted that Walmart is not currently a member of the Race to Zero campaign. It remains to be seen how their strategy will evolve.