"Walmart's net zero target is to achieve zero emissions across global operations by 2040. Net Zero Tracker This target covers carbon dioxide and other greenhouse gases, as well as scope 1 and scope 2 emissions. Net Zero Tracker The company has set interim targets of reducing emissions by 35% relative to 2015 emissions by 2025, and a 65% reduction by 2030. Net Zero Tracker An interesting fact about Walmart's environmental policy is that it explicitly states it will achieve its targets without carbon offsets, but it does not have a target that covers scope 3 emissions. Net Zero Tracker In …"
Carbon emissions are estimated according to comparable years, intensity and sector
Performance vs. Target
Note: Targets without baseline are ignored. In case several targets
exist, only the shorter-term target is
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Please refer to the library for viewing the supporting documentation
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG
emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1
million USD revenue).
Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary
business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer
Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and
Walmart is a member of the Business Ambition for 1.5 campaign (link here )
Walmart commits to reduce absolute scopes 1 and 2 GHG emissions 35% by 2025 and 65% by 2030 from a 2015 base year. Walmart will also work to reduce CO2e emissions from upstream and downstream scope 3 sources by one billion tonnes between by 2030 from a 2015 base year.
Separate targets for emission reductions and removals
Conditions on use of offset credits
Plans for carbon dioxide removal (CDR)
Additional notes: We were the first U.S. retailer to make a zero emissions commitment that does not rely on carbon offsets.
However for the scope 3 target: Project Megatron mentions "protect manage and restore forests through certification"
"Explicitly states that it will achieve its targets without carbon offsets, but does not have a target that covers scope 3 emissions." --> https://newclimate.org/sites/default/files/2023-02/NewClimate_CorporateClimateResponsibilityMonitor2023_Feb23.pdf
At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified
Scope 3 emissions are fully reported and externally-verified
CDP score demonstrates the level of transparent disclosures
Net Zero Commitments by 2050 include an intermediate target and cover all the emissions
Net Zero targets demonstrate a high-level of emergency
Emission reduction targets on a forward-looking basis are ambitious