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Wal-Mart To Slash Greenhouse Gasses

2/25/2010 01:12:00 PM Eastern

Bentonville, Ark. - Wal-Mart is
launching an ambitious program to cut 20 million metric tons of greenhouse gas
(GHG) emissions from its global supply chain by the end of 2015.

The world's largest retailer said it
will work with suppliers and environmental experts to reduce the GHG emissions
of the products it sells by examining every stage in their life cycle, from raw
materials sourcing, manufacturing and transportation, to customer use and end-of-life
disposal.

If successful, the decrease in
emissions would be equivalent to removing more than 3.8 million cars from the
road for a year, the company said.

"Energy efficiency and carbon
reduction are central issues in the world today," said Wal-Mart president/CEO Mike
Duke. "We've been working to make a difference in these areas, both in our own
footprint and our supply chain. We know that we have an opportunity to do more
and the capacity to do more."

He said the effort will also lower
costs for Wal-Mart and its suppliers through reduced energy use.

The company is working with the Environmental
Defense Fund (EDF), PricewaterhouseCoopers, ClearCarbon, and the Carbon
Disclosure Project and the Applied Sustainability Center (ASC) at the
University of Arkansas to develop the approach, which addresses the supply
chain on a global scale. Together the team will identify projects, quantify
reductions, engage suppliers and ensure proper procedures are followed for each
GHG reduction claim, Wal-Mart said.

"Today the world's largest company
begins a global race for carbon pollution cuts," said Fred Krupp, president of
Environmental Defense Fund. "Wal-Mart's bold move will help companies identify
steps to slash pollution and costs. As this story unfolds, it will transform a
vast supply chain here at home, and around the world."

The announcement was made by Duke
and Krupp via a live Webcast this morning.

The project supports Wal-Mart's
ultimate sustainability goal of being supplied 100 percent by renewable energy,
creating zero waste, and selling products that sustain people and the
environment, the company said.

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