Walmart China has been a key driver of Project Gigaton worldwide. With the effort of Walmart’s teams in Shanghai and Shenzhen, and their colleagues around the world, hundreds of Chinese suppliers and others operating in China have already committed to the program. Among these is China’s Technical Consumer Products Inc (TCP).
Supplying lightbulbs internationally and to more than 400 Walmart stores in China, TCP previously worked with Walmart on sustainability as part of the Walmart Factory Energy Efficiency program, making energy efficient process improvements at its Jiangsu plant. TCP’s focus on energy efficiency became more ambitious when it joined Project Gigaton with a commitment to save millions of tons of emissions through product innovations, such as new energy-efficient bulbs, in addition to continuing its factory energy-efficiency initiatives.
“We are proud to be contributing to sustainability for our customers in China as part of Project Gigaton,” said Ellis Yan, CEO, Technical Consumer Products. “With the support of Walmart, we have cut our greenhouse gas emissions through factory efficiency. What’s more, we’re committed to more emission-saving product innovations like our redesigned light bulbs, which consume 36 percent less energy than their predecessors, helping customers reduce emissions and save money.”
To support suppliers in China and around the world to join Project Gigaton and reduce emissions, Walmart has created a digital resource center with tools, case studies, and program resources: www.walmartsustainabilityhub.com. Materials are available in Mandarin, English and French.
Walmart partners with HSBC to support green finance
Walmart is also collaborating with HSBC in its Sustainable Supply Chain Finance (“SSCF”) program, which launched today. SSCF allows suppliers that demonstrate progress in The Sustainability Index, powered by The Sustainability Consortium’s measurement and reporting system, or through Project Gigaton to apply for improved financing from HSBC. The global collaboration between HSBC and Walmart demonstrates both companies’ leadership in shaping the transition to a lower emissions world.