Walmart aims to reduce its absolute Scope 1 and 2 emissions by 18% by 2025
Walmart will also work to reduce CO2e, or carbon dioxide equivalent, emissions from upstream and downstream Scope 3 sources by one billion tons between 2015 and 2030.April 20, 2017 | comments ( 0 ) |
Walmart, during its annual Milestone Summit, launched a sustainability platform inviting suppliers to join the company in committing to reduce greenhouse gas emissions resulting from their operations and supply chains.
Dubbed Project Gigaton, this initiative will provide an emissions reduction toolkit to a broad network of suppliers seeking to eliminate one gigaton of emissions, focusing on areas such as manufacturing, materials and use of products by 2030. That’s the equivalent to taking more than 211 million passenger vehicles off of U.S. roads and highways for a year.
The company aims to reduce its absolute Scope 1 and 2 emissions by 18 percent 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 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.
Kathleen McLaughlin, Senior Vice President and Chief Sustainability Officer, Walmart, said, "We are proud of the improvements we’ve made in reducing our own emissions, but we aim to do more. That’s why we’re working with our suppliers and others on Project Gigaton."
Walmart has identified energy, agriculture, waste, packaging, deforestation, and product use and design as the goal areas in which to focus their Scope 3 climate efforts.
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 organizations to create an emissions reduction toolkit. In this toolkit, Walmart highlights the business case for why suppliers should consider signing on to Project Gigaton.
24 Nov 2015, Hotel Pullman, Aerocity, New Delhi.
Attend First global conference & master class on franchising.
GROW YOUR BRAND FRANCHISE >> REGISTER NOW!
- Virtuous Retail Bags $175 Million Of Additional Equity
- Motorola Launches Three Moto Hubs In kolkata
- Wal-Mart Share Rises In 3rd Quarter
- Diamond Producers Association Begins Its Operation In India
- Raymond Aims To Double Its Turnover To 1000 Crore In 3-4 Years
- New York's Luxury Brand COACH Opens At IGI Airport
- ShopClues Launches Electronic Label Digimate
- Paytm Partners with ICICI Bank For Quick Credit
- Rural FMCG Market To reach $220 Billion By 2025
- BIBA Opens Its New Store In Ghittorni