Walmart, the world's largest company by revenue, acknowledges it will likely miss its targets for reducing planet-warming emissions by 2025 and 2030, citing challenges in energy policy, infrastructure, and access to low-carbon technologies. The retailer maintains its goal of achieving zero emissions by 2040.
Walmart has said it is likely to miss a target it set to reduce planet-warming emissions by the end of the decade, blaming obstacles in energy policy, infrastructure and the availability of low-carbon technologies. The US-based retailer is the world’s largest company by revenue, making it an influential corporate leader, and joins a range companies to have acknowledged they cannot meet their pledges.
Walmart promised to cut greenhouse gas emissions from its own operations by 35 per cent in 2025 and 65 per cent in 2030, compared with the levels in 2015. But in an update published this week, Walmart said neither date appeared to be in reach and its progress was delayed. “We anticipate achieving our near- and midterm emissions reduction targets later than our 2025 and 2030 target dates,” Walmart said, adding that it would consider revising the goals next year. Late last year, Walmart said it would not meet its 2025 emissions goal but at the time stood by the 2030 target. The retailer on Thursday maintained its aim to achieve zero emissions across its global operations by 2040. Global emissions must fall 43 per cent by the end of the decade to curb global warming to no more than 1.5C above pre-industrial levels, a goal set down in the Paris accord in 2015 that was signed by almost 200 countries. As a retailer involved with warehousing, distribution and sale of merchandise and groceries, Walmart’s business has a smaller carbon footprint per unit of sales than many more polluting manufacturers and food processors. It has acknowledged and dealt with the direct risks to its business from climate change, which included setting up emergency relief operations in store parking lots after hurricanes Helene and Milton devastated communities in the US south-east this year. Scientists say global warming added to the storms’ destructive power, as the hotter atmosphere holds more water vapou
Walmart Emissions Climate Change Sustainability Business Goals
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