Sep 21, 2020 - Energy & Environment
Walmart aims for zero greenhouse gas emissions by 2040
Walmart said Monday that it's aiming to have zero greenhouse gas emissions across its global operations by 2040.
Why it matters: It is the latest corporate giant to make an aggressive long-term pledge, and Walmart says it'll do it without offsets — that is, paying for climate-friendly projects elsewhere while continuing its own emissions.
How it works: The plans include having renewables supply all their global facilities by 2035 and "electrifying and zeroing out emissions from all of its vehicles, including long-haul trucks, by 2040."
- Another part involves using "low-impact refrigerants" and electric heating for all its "stores, clubs, and data and distribution centers" within 20 years.
- Separately, Walmart says it will help to "protect, manage or restore " 50 million acres of land and 1 million square miles of ocean by 2030.
Yes, but: Bloomberg provides some important context...
- "Walmart is committing to cutting emissions from its own operations, known as Scope 1 and 2. Though not an easy task, the target will zero out merely 5% of its total emissions."
- "The retailing giant has put in some efforts through so-called Project Gigaton to address Scope 3 emissions, which are generated by its suppliers and customers, but the company has yet to set a net-zero target across all scopes."