Walmart

"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 …"

Current Score (vs. LY)

66.6 pts (-2.5)

Last Update: Nov. 21, 2023

Current Rankings

Global: #24

S&P100: #14

Consumer Staples: #3

78.3%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

64.1%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

58.3%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021 Y2020 Y2019
Scope 1 7,370,161 7,250,000 6,850,000
Scope 2 - location-based 9,548,504 NA NA
Scope 2 - market-based 6,617,509 8,680,000 10,370,000
Scope 1-2 - location-based 16,918,665 7,250,000 6,850,000
Scope 1-2 - market-based 13,987,670 15,930,000 17,220,000
Scope 3 0 0 0
Total - location-based 16,918,665 7,250,000 6,850,000
Total - market-based 13,987,670 15,930,000 17,220,000

Note: Data sources detailed here

Y2022 Y2021 Y2020
Total CO2e estimate (by Net0Tracker) 615,027,053 576,251,443 689,173,651
Methodology Pre-calculated sector intensity (revenue) Pre-calculated sector intensity (revenue) Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

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 Materials.

Walmart belongs to the sector Consumer Staples.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 35.0 2015 2025
S1S2MKT 65.0 2015 2030

Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 100.0 2020 2040

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S3 FULL 2030
S1S2S3LOC FULL 2040

Science-based Targets (SBTI)

Date Published / Updated : 01/11/2016

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2025, 2030 No target Yes
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.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Walmart by zerotracker.net: Feb. 15, 2023
Planning to use external offset credits No
Separate targets for emission reductions and removals Yes
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: We were the first U.S. retailer to make a zero emissions commitment that does not rely on carbon offsets. https://corporate.walmart.com/esgreport/esg-issues/climate-change 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

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points)		 Max
(points)		 Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 7.5 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 6.0 10.0 0.0
Transparency 23.5 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 3.333333333333334 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 2.291202180205851 10.0 0.0
7 Targets are science-based as validated by SBTi 10.0 10.0 0.0
Commitments 25.624535513539186 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 10.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 7.5 10.0 -2.5
Results 17.5 30.0 -2.5
Total 66.6 100.0 -2.5


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 5.0 0.0 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? C 6.0 / 10.0 6.0 0.0 9.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2025 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 4.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2040 1.7 / 5.0 1.7 0.0 1.7
Target year for achieving net zero emissions for S1+S2+S3 combined? 2040 1.7 / 5.0 1.7 0.0 1.7
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 2.3
2.3 / 5.0 2.3 0.0 4.5
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 10.0 0.0 10.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 21.0
Actual (in %): 28.4
5.0 / 5.0 5.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 2.3
Actual (in %): 12.2
5.0 / 5.0 5.0 0.0 5.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.7°C 7.5 / 10.0 10.0 -2.5 7.5
Total 66.6 / 100.0 69.1 -2.5 66.9


Available Data Sources

Reporting Year 2021 2020 2020 2020 2020 2019 2019 2019 2018
Source Public Public Public CDP Yourstake Public Public CDP Public
Publication Year 2022 2022 2022 2021 unknown 2022 2021 2020 2021
Scope 1 7,370,161 7,250,000 7,240,000 7,236,499 7,236,499 6,850,000 6,480,000 6,484,616 6,100,000
Scope 2 - location-based 9,548,504 NA NA 11,031,800 11,031,800 NA 0 12,190,878 0
Scope 2 - market-based 6,617,509 8,680,000 9,190,000 9,190,337 9,190,337 10,370,000 11,080,000 11,078,980 12,020,000
Scope 1-2 - location-based 16,918,665 7,250,000 7,240,000 18,268,299 18,268,299 6,850,000 6,480,000 18,675,494 6,100,000
Scope 1-2 - market-based 13,987,670 15,930,000 16,430,000 16,426,836 16,426,836 17,220,000 17,560,000 17,563,596 18,120,000
Scope 3 0 0 0 171,269,374 171,269,374 0 83,474 184,474,411 0
Total - location-based 16,918,665 7,250,000 7,240,000 189,537,673 189,537,673 6,850,000 6,563,474 203,149,905 6,100,000
Total - market-based 13,987,670 15,930,000 16,430,000 184,368,336 187,696,210 17,220,000 17,643,474 198,710,133 18,120,000

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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