Walmart is continuing its sustainability initiatives with a new approach. The big-box retailer has unveiled a new plan to support its supplier partners by purchasing green energy. With ambitious goals to achieve 100 percent renewable energy and zero-waste, Walmart is narrowing in on the supply chain as an integral part of the retailer’s future plans.
“We launched (Gigaton PPA) because of interest from the suppliers and just listening to them say ‘oh, we wish that we could do more in renewables, this is hard for us, we don’t have the procurement team, we don’t know how to go about it,’” said Sustainability Officer Kathleen McLaughlin in an interview with CNBC. “It really fits with our whole philosophy and approach with Project Gigaton, which is to encourage a higher ambition and faster, more impactful action from suppliers decarbonizing the supply chain by providing them access to practical tools.”
This next strategic step is building on Walmart’s Project Gigaton Initiative, the retailer’s plan to reduce emissions from its supply chain by one gigaton by 2030. As we reported on our sister site, AndNowUKnow, the retailer’s suppliers will now be able to group together to buy renewable energy through its Gigaton PPA Program that launched in September. According to the article from CNBC, Walmart wants to transition to 100 percent solar, wind, and green technologies to power its operations, including stores and warehouses, by 2035. As of now, only 29 percent of its energy comes from renewable sources.
With smaller companies being priced out of the renewable energy market, there are only about 100 corporate companies buying renewable energy in the way that Walmart plans to do. Lending a helping hand to those suppliers that want to get on board with the retailer’s sustainability program, Walmart is providing an opportunity to increase renewable energy usage for those who do not conventionally have access to do so.
How will the retail landscape change with these new strategies going into effect? Deli Market News will continue to report with the latest.