In a recent Webcast, the U.S. retail giant has announced an ambitious plan to cut greenhouse gas emissions from its supply chain by the end of 2015. The plan to eliminate 20 million tonnes of greenhouse gas is equivalent, JSM Financial was informed, to taking 3.8 million cars off the road for a year.
The company says it intends to reach this goal by having its suppliers reduce emissions involved in the sourcing, production, manufacturing, transporting and disposal of a wide range of its stores products.
Wal-Mart’s Chief Executive highlighted that the initiative would cut energy use and therefore this would mean lower costs for Wal-Mart and hence lower prices.
"We do plan and want to continue to build stores. We want to add square footage. That's the reality of our business," JSM Financial believes he added."Yet we know we need to get ready for a world in which energy will only be more expensive, and that there will only be a greater need to operate with less carbon in the supply chain."
After China, the U.S.A. is the globes largest emitter of greenhouse gas blamed for global warming, JSM Financial research shows, and the country’s emissions from fossil fuels are expected to rise substantially both this year and next according to the U.S. Energy Information Administration, as a result of the recovering economy.
Wal-Mart announced that it intended to pursue projects that are "economically viable" and would reduce costs, not raise them.
