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Walmart has set new environmental goals ahead of its Sustainability Milestone Summit
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Walmart Inc. announced a new set of sustainability goals on Monday, including a zero emissions goal by 2040.
The announcement was made ahead of the company’s Sustainability Milestone Summit, and as part of Climate Week NYC, which starts on Monday.
Currently, about 29% of Walmart’s operations are powered with renewable energy, and 80% of waste is diverted from landfills and incineration facilities.
” 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,” said Doug McMillon, Walmart’s chief executive, in a statement.
Walmart WMT, -1.02% plans to harness enough renewable energy, including wind and solar to power its facilities by 2035. All of its vehicles, including long-haul trucks, will either be electric or zero-emissions. And the company will switch to eco-friendly cooling and heating equipment by 2030.
With studies showing a sharp decline in animal populations, as much as 60%, and depletion of the Amazon rainforest, Walmart is also taking steps to manage or restore land. For every acre of land the company develops, Walmart says it will preserve one acre of natural habitat. The company will push for regenerative agriculture practices and sustainable fisheries management.
Walmart stock has gained nearly 14% for the year to date while the Dow Jones Industrial Averag DJIA, -0.87% e is down 3.1% for the period.
