Walmart’s Commitment to Sustainable Development Goals (SDGs)
1. Reducing Emissions
- In 2020, Walmart set a new target to reduce emissions in its operations (Scopes 1 & 2) by aligning with a 1.5 degree Celsius trajectory, which is the highest ambition approved by the SBTi.
- The goal is to achieve zero emissions across Walmart’s global operations by 2040.
- Walmart aims to reduce absolute Scopes 1 and 2 GHG emissions by 35% by 2025 and 65% by 2030 from the base year of 2015.
2. Emissions Calculation and Reporting
- Annual Scopes 1 and 2 GHG emissions and carbon intensity metrics are regularly updated to account for changes in emission factors or more accurate activity data.
- Flipkart emissions data is excluded from Walmart’s Scope 1 and 2 emissions footprint and progress calculation, with negligible impact on overall reporting.
- Emissions footprint in CO2e and carbon intensity per revenue are calculated to include emissions for the period of ownership in the reporting year.
3. Independent Verification and GHG Protocol
- Walmart engages Lucideon CICS to independently verify its reported Scope 1 and Scope 2 emissions as reported to CDP annually, following ISO 14064-3 standards.
- The GHG Protocol outlines three emissions sources or “scopes”: Scope 1 (Direct Emissions), Scope 2 (Indirect Emissions), and Scope 3 (Other Indirect Emissions).
4. Carbon Intensity Calculation
- Carbon intensity (Scope 1 and 2 per revenue) is calculated based on calendar year emissions and normalized by total annual revenues measured by Walmart’s fiscal year.
5. Renewable Energy Consumption
- Walmart includes the generation from active renewable and low-carbon projects in its energy consumption calculations.
- Third-party-verified energy consumption data is used in combination with electricity procured from renewable energy projects and grid fuel mix information.
- Flipkart data is excluded, with negligible impact on the estimate.
6. RE100 Criteria
- Walmart’s renewable electricity consumption is calculated in accordance with the RE100 technical criteria.
7. Project Gigaton Reporting
- Walmart follows its Project Gigaton Accounting Methodology for supplier reporting on emissions avoidance and reduction efforts.
8. Scope 3 Emissions
- Actions reported through Project Gigaton cannot be used to measure Walmart’s Scope 3 emissions.
9. Supplier Participation in Project Gigaton
- The percentage of U.S. product net sales from suppliers reporting to Project Gigaton is calculated based on the previous four quarters.
- Walmart International segment product net sales are excluded from the calculation.
10. Climate Variables Considered
- Each climate variable is considered in isolation without adjusting for second- or third-order effects or interdependencies with other variables.
11. R-404A Refrigerant
- For more information on R-404A refrigerant, refer to the provided link.
12. Assumptions and Methodologies
- For detailed information on assumptions, methodologies, and scopes used in estimates, refer to Walmart’s original CDP submissions.
- Walmart reserves the right to employ different methodologies in the future and may restate figures retroactively.
- Full, global Scope 3 emissions have not been estimated for all categories but have been estimated for certain jurisdictions or businesses.
13. Cumulative Emissions Reduction
- Cumulative emissions reduction is calculated from 2015 (base year) until 2030.
14. Supplier Review
- WWF and EDF review select suppliers’ submissions.
15. Reporting Accuracy
- The sum of single-year reported emissions may not add up to cumulative reported emissions due to rounding.
SDGs, Targets, and Indicators
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 7: Affordable and Clean Energy
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 13: Climate Action
- SDG 17: Partnerships for the Goals
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 7.2: Increase substantially the share of renewable energy in the global energy mix.
- SDG 9.4: Upgrade infrastructure and retrofit industries to make them sustainable.
- SDG 13.2: Integrate climate change measures into national policies, strategies, and planning.
- SDG 17.16: Enhance the Global Partnership for Sustainable Development.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Indicator: Annual Scopes 1 and 2 GHG emissions and carbon intensity metrics.
- Indicator: Carbon intensity (Scope 1 and 2 per revenue) calculation.
- Indicator: Renewable electricity consumption.
- Indicator: Cumulative emissions reduction from the base year.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 7: Affordable and Clean Energy | Increase substantially the share of renewable energy in the global energy mix. | Renewable electricity consumption. |
| SDG 9: Industry, Innovation, and Infrastructure | Upgrade infrastructure and retrofit industries to make them sustainable. | Annual Scopes 1 and 2 GHG emissions and carbon intensity metrics. |
| SDG 13: Climate Action | Integrate climate change measures into national policies, strategies, and planning. | Cumulative emissions reduction from the base year. |
| SDG 17: Partnerships for the Goals | Enhance the Global Partnership for Sustainable Development. | Carbon intensity (Scope 1 and 2 per revenue) calculation. |
Note: The indicators mentioned in the table are based on the information provided in the article. Additional indicators may exist beyond the scope of the article.
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: corporate.walmart.com
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