31 Aug Walmart’s New Sustainability Platform Will Reduce Their Carbon Emissions by a Gigaton
As one of the largest corporations in the world, Walmart has made a concerted effort to lead the way in retail sustainability practices. Now, Walmart has unveiled their new sustainability platform, which will eliminate more than 1 billion metric tons (otherwise known as a gigaton) of greenhouse gases from the Walmart supply chain by 2030. The new initiative, entitled Project Gigaton, will have the same environmental impact as removing 211 million cars from the road for an entire year. This is a massive amount of reduction – in 2014 the total amount of carbon emissions on the planet from fossil fuel use was 9.75 gigatons.
The Walmart sustainability platform focuses on limiting Scope 3 carbon emissions. This specific type of emission is a consequence of normal business operations, but over which the company has no direct control. In order to cut down on these carbon emissions Walmart has launched an online portal where their suppliers can navigate to better manage their waste, energy use, product design, packaging, deforestation, and more. According to Trucost up to 80% of a company’s total carbon emissions can derive from their supply chain. Collaborating with suppliers is necessary to attack the problem and cut emissions in a meaningful, long-lasting manner.
The online toolkit is designed to be open-source so suppliers and users can contribute to make it as effective as possible. The toolkit comes with a tool to track progress and input results. The project also seeks to make Walmart’s processes and operations more transparent. In previous sustainability initiatives Walmart’s supplier evaluation process often remained a mystery. According to senior vice president of Walmart Kathleen McLaughlin, “we are proud of the improvements we’ve made in reducing our own emissions, but we aim to do more.”
Following Walmart’s example, several other organizations have laid the groundwork for their own sustainability initiatives. Consider how you can streamline your supply chain and limit your packaging in order to benefit the environment. We encourage all brands to donate their unsold products and goods via Good360 – we will match your company with a relevant nonprofit so your goods can drastically improve the lives of citizens in local communities. Find out more on our homepage.