For each priority ESG issue, we set out to develop an ESG impact thesis that articulates the relevance of the issue for society and Walmart’s business, reflects an understanding of stakeholder expectations and defines our aspirations, goals and strategies. Through such disclosures, we aim to provide stakeholders with an understanding of Walmart’s shared value approach and progress.
For example, regarding climate change, Walmart has committed to science-based targets to reduce emissions in our own operations to zero by 2040—without offsets—and to help draw down emissions in the retail and consumer goods sector overall through our advocacy and stakeholder engagement. We engage suppliers in initiatives related to energy, packaging, waste, product design, agriculture and forests. We collaborate with others to drive innovation in retail business practices and seek to accelerate systems change through strategic philanthropy. Through CDP and other ESG disclosures, we communicate our approach to climate risk assessment and governance, our climate mitigation and adaptation strategies, and results such as the company’s operational absolute and relative emissions over time, suppliers’ cumulative avoided emissions and their participation in company initiatives, and examples of innovations in retail product supply chains that help draw down emissions.