Products of Change

DRIVING SUSTAINABLE
CHANGE TOGETHER

Tue 13 Apr 2021 | by Michelle Urquhart

Walmart to protect, manage or restore 50 million acres by 2030

World’s largest retailer targets zero emissions by 2040 and aims to protect, manage or restore at least 50 million acres of land and one million square miles of ocean by 2030. Walmart is doubling down on addressing the growing climate crisis by targeting zero emissions across the company’s global operations by 2040. Walmart and the Walmart Foundation are also committing to help protect, manage or restore at least 50 million acres of land and one million square miles of ocean by 2030 to help combat the cascading loss of nature threatening the planet. “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,” said Doug McMillon, president and chief executive officer, Walmart Inc. “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 decarbonise 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.” Walmart is building on its long-standing commitment to climate action by raising its ambition to zero emissions by 2040, without the use of carbon offsets, across its global operations by: - Harvesting enough wind, solar and other renewable energy sources to power its facilities with 100% renewable energy by 2035 - Electrifying and zeroing out emissions from all of its vehicles, including long-haul trucks, by 2040 - Transitioning to low-impact refrigerants for cooling and electrified equipment for heating in its stores, clubs and data and distribution centres by 2040 Recognising the need to act now, along with the Walmart Foundation, Walmart aims to protect, manage or restore some of the world’s most critical landscapes by: - Continuing to support efforts to preserve at least one acre of natural habitat for every acre of land developed by the company in the U.S. - Driving the adoption of regenerative agriculture practices, sustainable fisheries management and forest protection and restoration – including an expansion of Walmart’s forests policy - Investing in and working with suppliers to source from place-based efforts that help preserve natural ecosystems and improve livelihoods