Some measures were relatively straightforward. The company set about developing a sustainability plan. New Orlean’s hurricane-ravaged Lower 9th Ward in October 2005, after Hurricane Katrina. In an October 2005 speech in Arkansas, he asked: “What if we used our size and resources to make this country and this Earth an even better place for all of us: customers, associates, our children, and generations unborn? What would that mean? Could we do it? Is this consistent with our business model?” The devastation of Hurricane Katrina, which killed more than 1,800 people across the Gulf coast region in 2005, proved to be a moment of epiphany for Walmart’s then chief executive, Lee Scott. The big question will be whether this type of business model can persist in a way that aligns with climate science, said Simon Fischweicher, head of corporations and supply chains for environmental nonprofit CDP North America. Yet it’s an uphill task for a retail giant with a business model based on providing tens of millions of low-priced products to a growing number of customers. “What we’re talking about is one of the largest and most conservative companies in the world making a range of commitments that government is not requiring them to make.” “It’s extraordinary,” said Michael Vandenbergh, co-director of the Climate Change Research Network at Vanderbilt Law School.
It’s also promised to be a 100% renewably-powered, zero waste and “ regenerative” corporation that does more good than harm. Last year it announced a goal to reach zero emissions from its global operations by 2040 without relying on carbon offsets – where companies “cancel out” some of their impact by funding projects that reduce carbon emissions. In 2017, it launched “Project Gigaton”, pledging to cut 1bn metric tons of carbon emissions from its supply chain by 2030. Over the past years, Walmart has come out with a slew of climate promises. But while some experts celebrate the scale of the retailer’s efforts, others wonder whether they go far enough. Walmart has declared its mission to tackle these climate impacts, which means focusing on every part of the chain – from the electricity sourced in its stores to the palm oil in the candy bars sold on its shelves. In 2019 the company emitted 17.56m metric tons of greenhouse gases. And it comes with a huge carbon footprint. The retailer, which was for many years the biggest in the world until Amazon took its crown in August, has a supply chain almost unfathomably complex.
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