Retailer giant Walmart commits to reduce 50 million metric tons in greenhouse gas emissions in China by 2030, part of drive to cut global emissions by one billion metric tons

Briefing

Retailer giant Walmart commits to reduce 50 million metric tons in greenhouse gas emissions in China by 2030, part of drive to cut global emissions by one billion metric tons

April 6, 2018

Briefing

  • Reduced China Emissions Footprint – Grocery giant Walmart plans to reduce greenhouse gas emissions in China value chain by 50 million metric tons by 2030, equivalent to emissions from annual electricity consumption of 40 million Chinese households
  • Project Gigaton Initiative – China-based initiative an expansion of Walmart’s Project Gigaton, which aims to cut one billion metric tons of emissions from global value chain by 2030, equal to emissions of more than 211 million average passenger vehicles
  • Collaboration with Chinese Suppliers – Will collaborate with top 100 Chinese suppliers on emissions reduction program, working on areas such as energy efficiency, renewables, packaging, waste reduction, and deforestation
  • Existing Energy Efficiency Program – Enrolled more than 800 Chinese factories in Factory Energy Efficiency Program, introduced in 2014, achieving $40 million in savings on operating expenses and annual emissions reduction of more than 270,000 metric tons
  • Government Participation – Will work with Chinese Ministry of Commerce to adopt new voluntary Green Building Certification Program for Hypermarkets in 2019, and develop new Green Packaging Standards for logistics industry

Accelerator

Market Disruption

Business Model and Practices

Business Model
and Practices

Sector

Wholesale and Retail Trade

Organization

Walmart Stores Inc.

Source

Original Publication Date

March 29, 2018

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