Executive Briefings

Wal-Mart Sets Environmental Plan as People Seek Green Items

Wal-Mart is laying out its environmental map for the next several years as it tries to satisfy customers who want green products at affordable prices. The world's largest retailer says it 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. It also plans to be powered by 50 percent clean and renewable energy sources.

Wal-Mart Sets Environmental Plan as People Seek Green Items

Wal-Mart's goals, announced by CEO Doug McMillon, follow a plan set in 2005 as the company sought to deflect criticism of its practices and burnish its image. Wal-Mart has extended its effort since then into its supply chain, which because of its size - more than 10,000 stores globally - gives it outsized influence on the overall industry.

The Bentonville, Arkansas-based retailer is under pressure from consumers, especially millennials, who want environmentally friendly items. Wal-Mart is looking at technology that will let shoppers scan food to learn its origins and other information, beyond just tagging products with "green labels."

Kathleen McLaughlin, a Wal-Mart senior vice president, said she couldn't estimate how much the programs will save or cost. While they have an impact on society, they overall also make good business sense, she said.

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Wal-Mart's goals, announced by CEO Doug McMillon, follow a plan set in 2005 as the company sought to deflect criticism of its practices and burnish its image. Wal-Mart has extended its effort since then into its supply chain, which because of its size - more than 10,000 stores globally - gives it outsized influence on the overall industry.

The Bentonville, Arkansas-based retailer is under pressure from consumers, especially millennials, who want environmentally friendly items. Wal-Mart is looking at technology that will let shoppers scan food to learn its origins and other information, beyond just tagging products with "green labels."

Kathleen McLaughlin, a Wal-Mart senior vice president, said she couldn't estimate how much the programs will save or cost. While they have an impact on society, they overall also make good business sense, she said.

Read Full Article

Wal-Mart Sets Environmental Plan as People Seek Green Items