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The $312.4 billion retailing giant has launched an aggressive program to encourage "sustainability" of the world's fisheries, forests and farmlands, to slash energy use and reduce waste, to push its 60,000 suppliers to produce goods that don't harm the environment, and to urge consumers to buy green. Last Monday, for the first time, Wal-Mart reported on its carbon dioxide emissions -- the "greenhouse gases" that cause global warming. It said it emits 20.8 million tons worldwide, an amount greater than what's released by an auto company but much less than that released by a major utility company.
"We asked ourselves: If we had known 10 years ago what challenges we would face today, what would we have done different?" says CEO Lee Scott. "What struck us was: This world is much more fragile than any of us would have thought years ago."
Already, Wal-Mart has become the world's largest buyer of organic cotton. It introduced "fair trade" coffee at its Sam's Clubs. It began selling some organic foods in the spring and will introduce others this fall. And it is pushing suppliers to use smaller packages to cut waste.
"Wal-Mart is a huge player, and they have enormous clout," says Scott Burns of the World Wildlife Fund, which has 10 employees working with Wal-Mart on several projects, including sustainability of fisheries. "They're sending a very powerful signal that already is having effects on the way people produce products for them."
Wal-Mart says it will:
*Slash gasoline use by its trucking fleet, one of the largest in the USA, and use more hybrid trucks to increase efficiency by 25% over the next three years and double it within 10 years. That will save $310 million a year by 2015, the company says.
*Buy 100% of its wild-caught salmon and frozen fish for the North American market only from fisheries that are certified as "sustainable" by the non-profit Marine Stewardship Council within three to five years. That designation means areas of the ocean aren't fished in ways that destroy fish populations.
*Cut energy use at its more than 7,000 stores worldwide by 30% and cut greenhouse-gas emissions at existing stores by 20% in seven years. Wal-Mart is the largest private electricity user in the USA.
*Reduce solid waste from U.S. stores by 25% within three years.
The company, second-largest in revenue in the world behind ExxonMobil, has vowed to invest $500 million a year in energy-saving technologies.
Originally posted by DYepes
Now, we must convince the thousands of other retailers worldwide they should do the same, as well as any business in any industry. Or should we just begin voting the stuff into law?
I honestly think it's a mix ofactually caring and realising they can
* Yes, walmart has low prices (they undercut everyone in the retail business; thus forcing the small fish out of buisness and mononpolizing a district)
Originally posted by sardion2000
If Wal-Mart would have donated their profits Branson-style, then they would have found a new fanboi in me.
He is now helping the company with our sustainability effort.