Walmart sets ambitious 2030/2040 emissions targets
Following an announcement made by Walmart, the company strengthens its commitment to “play an important role in transforming the world’s supply chains,” by setting new ambitious regenerative and emissions targets for 2030 and 2040.
“We want to play an important role in transforming the world’s supply chains to be regenerative. We face a growing crisis of climate change and nature loss, and we all need to take action with urgency. For 15 years, we have been partnering to do the work and continually raising our sustainability ambitions across climate action, nature, waste and people. 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,” commented Doug McMillon, president and chief executive officer, Walmart Inc.
Building on its long standing commitment to climate change, Walmart has raised its targets to have zero emissions by 2040 across its global operations, without the use of carbon offsets.
Three new emissions targets set by Walmart include:
- Powering its facilities with 100% renewable energy by 2035
- Electrifying and zeroing out emissions for all its vehicles by 2040
- Transitioning its heating in stores, clubs, data and distribution centre to low impact refrigerants by 2040
In addition to its emissions targets, Walmart also aspires to protect, manage and restore critical landscapes.
It’s latest targets to achieve this include:
- Supporting efforts to preserve a minimum of one acre of natural habitat for every acre developed in the US
- Driving the adoption of regenerative agricultural practices, forest protection/restoration and fisheries management
- Investing and working with suppliers to source from companies that help the preservation of natural ecosystems, as well as those that improve livelihoods
“We must all take urgent, sustained action to reverse nature loss and emissions before we reach a tipping point from which we will not recover. People have pushed past the earth’s natural limits. Healthy societies, resilient economies and thriving businesses rely on nature. Our vision at Walmart is to help transform food and product supply chains to be regenerative, working in harmony with nature – to protect, restore and sustainably use our natural resources,” added Kathleen McLaughlin, executive vice president and chief sustainability officer for Walmart Inc. and president of the Walmart Foundation.
DS Smith: Sustainable Packaging Hits Targets
DS Smith has met its targets on its way to 100% recycled papers and ensured that the majority of its sites are ISO 50001-certified. The company is a global provider of fibre-based packaging and has set a mission of ‘Redefining Packaging for a Changing World’. Its leaders are committed to further sustainability, with each of its sites engaging 50+ employees in community-based outreach.
‘As we continue to tackle the challenges facing our communities and the environment, we’ve achieved a number of our key targets, including forest management, community engagement, and designing for a circular economy’, said Keith Ledbetter, DS Smith’s North America Packaging and Paper Managing Director.
What’s the State of Its 2021 Sustainability Report?
- Launched 57 biodiversity projects in local communities
- Reduced carbon emissions by 23% per ton of production compared to 2015
- Installed 36,672 LED lamps at 92 global sites
- Saved 15,400+ tons of CO2
- Achieved an AA ESG score—the highest grade in the industry—from MSCI
- Committed to reach net zero emissions by 2050
What Are Its Key Sustainability Targets?
- Close the Loop Through Better Design. Manufacturing 100% reusable or recyclable packaging by 2023.
- Reduce Waste and Pollution. Replace problem plastics and cut consumer carbon.
- Protect Natural Resources. Optimise fibre use in all of its supply chains by 2030.
- Drive Carbon Reduction. Reduce CO2 by 30% against its 2015 baseline.
- Equip People for a Circular Economy. Engage 5 million young people in circular lifestyles.
Overall, DS Smith has made excellent progress towards its goals—far before 2030. Will it push those targets to be more ambitious? We’ll have to see. For now, as Ledbetter puts it: ‘We’ll focus on innovative solutions that meet our customers’ needs’.