Walmart sets goal to become a regenerative company
Building on more than 15 years of sustainability leadership, Walmart today announced it is doubling down on addressing the growing climate crisis by targeting zero emissions across the company’s global operations by 2040. Walmart and the Walmart Foundation are also committing to help protect, manage or restore at least 50 million acres of land and one million square miles of ocean by 2030 to help combat the cascading loss of nature threatening the planet.
“We want to play an important role in transforming the world’s supply chains to be regenerative. We face a growing crisis of climate change and nature loss and we all need to take action with urgency,” said Doug McMillon, president and chief executive officer, Walmart, Inc. “For 15 years, we have been partnering to do the work and continually raising our sustainability ambitions across climate action, nature, waste and people. 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.”
To avoid the worst effects of climate change, the world must take immediate action to drastically reduce and remove greenhouse gas emissions. That’s why Walmart is building on its long-standing commitment to climate action by raising its ambition to zero emissions by 2040, without the use of carbon offsets, across its global operations by:
- Harvesting enough wind, solar and other renewable energy sources to power its facilities with 100% renewable energy by 2035;
- Electrifying and zeroing out emissions from all of its vehicles, including long-haul trucks, by 2040; and
- Transitioning to low-impact refrigerants for cooling and electrified equipment for heating in its stores, clubs, and data and distribution centers by 2040.
The world has also pushed its natural resources to the point of crisis, resulting in the degradation and loss of critical landscapes and the eradication of many species of plants and animals. In fact, studies show animal populations have declined by over 60% in just over 40 years and one-fifth of the Amazon’s rainforest has disappeared in just 50 years. Not only can a regenerative approach to nature help reverse these negative impacts and sustain critical resources for the future, it can also provide around a third of the solution to climate change.