If you are a supplier and the world’s largest retailer says ‘jump’ – what do you do? Well Walmart has kindly asked its suppliers to help then reduce greenhouse gas emissions (GHG) by one gigaton by 2030 as part of its science-based emissions-reduction plan.
Walmart has been championing company-wide sustainability initiatives for more than a decade and the new GHG reduction plan – called Project Gigaton by the retailer – is the latest in a string of actions.
Project Gigaton was launched at the company’s annual Milestone Summit held on April 19th when they launched a sustainability platform with a new emissions-reduction toolkit to help suppliers reduce their GHG emissions.
Walmart has identified energy, agriculture, waste, packaging, deforestation, product use and design as areas in which to focus its climate change efforts and invites participating suppliers to focus on one or more of these.
The toolkit has been developed by Walmart in partnership with NGOs such as the World Wildlife Fund (WWF) and the Environmental Defense Fund as well as other organisations. In doing so the retailer has set out the business case for why suppliers should consider signing up for Project Gigaton.
Walmart has stated that it aims to reduce its absolute Scope 1 and Scope 2 emissions by 18% by 2025. The retailer will also be working on reducing its ‘carbon dioxide equivalent (CO2e) emissions from upstream and downstream Scope 3 sources by one billion tones (a gigaton) between 2015-2030.
Walmart has been setting ambitious sustainability goals. For example, it is already one of the US’s leading commercial solar and on-site renewable energy users and achieves around 25% of its global energy needs from renewable sources. By doubling the efficiency of its US vehicle fleet between 2005 and 2015 the company saved nearly a $1 billion (compared to a 2005 baseline).
Read a full review of Walmart’s latest global sustainability report in Issue 2 of The Food Sustainability Report out in May.