Wal-Mart (WMT) Announces Their Going Green Plans

Wal-Mart CEO Doug McMillon announced on Friday the company’s plan to go green, for the next several years. First implemented in 2005, Wal-Mart has been steadily concentrating on delivering earth friendly products.

The company will seek to reduce emissions in its own operations by 18 percent by 2025, and work toward adding no waste to landfills in key markets like Canada and the United States. The retail giant is also planning to be powered by 50 percent clean and renewable energy sources.

Wal-Mart has said it will be the first retailer to have an emissions-reduction plan approved by the Science Based Targets initiative in partnership with the Paris Climate Agreement.

Working with its suppliers, Wal-Mart plans to pull back on emissions by one gigaton by 2030, which according to the company is equivalent to taking 211 million cars from the road a year. By 2015, the retailer hopes to add 0 zero waste to landfills in The U.S., UK, Canada, and Japan, by 2025. It also wants its private-brand packaging to be 100 percent recyclable.

Kathleen McLaughlin, a Wal-Mart senior vice president, said she couldn’t estimate how much the programs will save or cost.

According to McLaughlin, while they have an impact on society, they overall also make good business sense.

Disclaimer: We have no position in Wal-Mart Stores, Inc. NYSE: WMT) and have not been compensated for this article.