Seattle, Nov. 1, 2007 – Wal-Mart Stores, Inc. (NYSE: WMT) and the Clinton Climate Initiative today announced a partnership to help bring environmentally-friendly technologies to cities across the United States and around the world. The two groups will explore ways to use their purchasing resources to lower prices on sustainable technologies such as energy efficient building materials and systems, energy efficient lighting and clean energy products.
Former President Bill Clinton made the announcement at the United States Conference of Mayors Climate Protection Summit held in Seattle. In addition to the partnership with Wal-Mart, President Clinton announced that the Clinton Climate Initiative will extend its programs and purchasing consortium to all 1,100 cities represented by the U.S. Conference of Mayors. The consortium includes the C40 Climate Leadership Group, representing 40 of the world’s largest cities.
“This shows what can be achieved when business, government and the non-profit sector work together on some of the biggest challenges facing the world today,” said Lee Scott, president and CEO of Wal-Mart Stores, Inc. “By combining our resources, we can help drive innovation, create new technology markets and ultimately reduce this country’s dependence on foreign oil.”
As part of the partnership the two organizations will:
• Collaborate regarding the design and discovery of new products and best practices related to environmentally-friendly technologies. This includes working together to develop specifications for new products and test new products.
• Work together to source new products, again sharing specifications as well as suppliers. This also includes going to market at coordinated times in order to maximize purchasing power and drive down costs.
• Designate a representative from each organization to coordinate with Wal-Mart’s building team, the Clinton Climate Initiative and its member cities.
• Continue to seek opportunities for the two organizations to collaborate.
"Climate change is a global issue that we must address immediately if we are to reverse its catastrophic effects," said President Clinton. "I am pleased that the U.S. Conference of Mayors, Wal-Mart and many businesses are working with my foundation. Together, I hope that we can have a measurable impact on greenhouse gas emissions around the world."
One of the technologies the partnership will explore is energy-efficient, high-performance LED lights for parking lots and street lamps. By switching to LEDs, Wal-Mart estimates that cities could save 50 percent on street lamp energy consumption and reduce maintenance costs by 80 percent. Additional technologies to be explored may include interior LED lighting, variable-speed heating ventilation and air conditioning technology (HVAC) and solar power purchases.
About the Clinton Climate Initiative
For more information on the Clinton Climate Initiative visit www.ClintonFoundation.org.
About Wal-Mart Stores, Inc. (NYSE: WMT)
Every week, millions of customers visit Wal-Mart Stores, Supercenters, Neighborhood Markets, and Sam’s Club locations across America or log on to its online store at www.walmart.com. The company and its Foundation are committed to a philosophy of giving back locally. Wal-Mart (NYSE: WMT) is proud to support the causes that are important to customers and associates right in their own neighborhoods, and last year gave more than $270 million to local communities in the United States. To learn more, visit www.walmartfacts.com, www.walmartstores.com, or www.walmartfoundation.org.