Partnership to help state capitols improve energy efficiency and reduce greenhouse gases
Bentonville, Ark., February 26, 2008 –Wal-Mart Stores, Inc. (NYSE: WMT) and the National Governors Association (NGA) announced today the formation of the “Greening State Capitols” partnership. The unique public-private partnership between NGA and Wal-Mart will offer energy audits of capitol complexes and provide recommendations on efficiency improvements and estimates of how much energy and money each state can save.
“Wal-Mart is committed to sharing what we learn about reducing energy use and increasing building efficiencies,” said Leslie Dach, executive vice president of corporate affairs and government relations for Wal-Mart Stores, Inc. “By working with the NGA in a collaborative manner we can help accelerate the deployment of new technologies and best practices while saving states money and protecting the environment.”
“State and local governments spend more than $11 billion on energy every year and those costs are growing rapidly,” said Minnesota Governor Tim Pawlenty, chairman of the National Governors Association. “States need to lead by example and the NGA is excited to partner with Wal-Mart and use its expertise to improve energy efficiency and save money at state capitol buildings across the nation.”
During a two-day auditing process, Wal-Mart will send a team of engineering experts to survey the state capitol facilities and suggest energy efficiency improvements based on technologies Wal-Mart has successfully deployed in many stores, clubs and other facilities around the world. The areas covered by the audit will include:
• Heating, ventilation and air-conditioning systems (HVAC);
• Refrigeration and other equipment;
• Technologies such as programmable thermostats; and
• Building structure, including insulation and windows.
Following the initial audit, the engineers will produce a report with recommended energy efficiency improvements and estimated costs to the state, as well as the potential energy savings and carbon dioxide reductions. Wal-Mart will only recommend technologies with a return on investment within five years, unless a state specifically asks for a different time frame. At a state’s request, Wal-Mart will use its procurement capabilities to attract bids from interested companies and facilitate installation of the recommended technologies.
The National Governors Association will help identify and recruit state participants. Once a state is selected, it will identify a team of four to five experts to assist in the energy audit and implement the resulting recommendations. Within one year of the audits completion, participating states are asked to provide the NGA Center for Best Practices with a two page report of actions taken and resulting savings. NGA will catalogue these results for distribution.
About Wal-Mart Stores, Inc. (NYSE: WMT)
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, Supercenters, Neighborhood Markets and Sam’s Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. The Company’s securities are listed on the New York Stock Exchange under the symbol WMT. More information about Wal-Mart can be found by visiting www.walmartstores.com and www.walmartfacts.com. Online merchandise sales are available at www.walmart.com and www.samsclub.com.
About the National Governors Association
Founded in 1908, the National Governors Association (NGA) is the collective voice of the nation’s governors and one of Washington, D.C.’s most respected public policy organizations. Its members are the governors of the 50 states, three territories and two commonwealths. NGA provides governors and their senior staff members with services that range from representing states on Capitol Hill and before the Administration on key federal issues to developing and implementing innovative solutions to public policy challenges through the NGA Center for Best Practices. For more information, visit www.nga.org.