When you pick up a product at Walmart, a number of questions may come to mind: “What’s in it? Where was it made? Will it do what I need it to do?” What you may not always be thinking about is that item’s impact on the environment.
More than a decade ago, Walmart’s then CEO set us on a journey to dig deeper into our business to find ways to provide products that are better for both people and the planet.
Fast-forward to last November, and our current Walmart CEO Doug McMillon issued a new challenge: ensuring that our business can continue delivering sustainable products for generations to come. He laid out our leadership position in the fight against climate change through a commitment to set science-based targets, and Walmart became the first retailer to have its goals approved by the Science Based Targets initiative.
Why is setting science-based targets important to Walmart? We know global climate change can pose a threat to our country’s economy and global supply chains — threats such as lower crop yields, increased health costs and disaster-caused property losses. Walmart and other retailers would face a number of challenges if our complex supply chains were weakened by climate-related issues. Addressing climate change is a win-win: good for society and good for Walmart.
There is great opportunity for businesses to address these issues before they happen. By taking the right steps now, we can help reduce risks, lower costs and strengthen supply chains – all while we help the customers of tomorrow get the products they want, when they want them, and at lesser impact to the environment.
Here’s a closer look at what we’re doing.