From their Global Sustainability Milestone Meeting on Monday, Walmart reinforced their commitment to creating more sustainable stores and infrastructures. According to Chain Store Age, Walmart has their eyes set on being 100% energy independent.
From the article:
Walmart’s six-fold increase in renewable energy projects is expected to be equal to eliminating the need for roughly two U.S. fossil fuel power plants. Based on external estimates of projected energy costs and other factors, the two new commitments are anticipated to generate more than $1 billion annually in energy savings once fully implemented.
The company said it will also avoid 9 million metric tons of greenhouse gas (GHG) emissions, the equivalent of taking 1.5 million cars off the road, in effect halting the growth of GHG emissions from the company’s largest GHG source – energy used to power buildings – by 2020.
For the first time, the company is projecting this GHG decrease even with significant anticipated growth in stores and sales.
“When I look at the future, energy costs may grow as much as twice as fast as our anticipated store and club growth,” Duke said. “Finding cleaner and more affordable energy is important to our every day low cost business model and that makes it important to our customers’ pocketbooks. Our leadership in this area is something our customers can feel good about because the result is a cleaner environment. And savings we can pass on to them.”