WAL-MART WANTS TO LEAD ON ENERGY, CLIMATE CHANGE
In conjunction with this story, Wal-Mart unveiled the first of 22 California and Hawaii stores’ rooftop solar energy installations in Santa Ana, California. The company intends to generate 30% of each store’s electricity from solar energy. Impressive. The supplier is BP Solar.
Question corporate motives all you want, greenwashing and all, they’re still doing the right thing. The S&P 500 companies were surveyed about emissions reduction efforts. 282 responded. 81% said climate change represents “more commercial risks than opportunities.” Only 29 percent have reduction targets or timelines.
Bill Clinton, at launch of CDP: “Almost everyone of the commitments in the climate change area are actually good business that I believe will actually make a profit for the people making the commitment. Does that make it a bad thing? No, that makes it a good thing. Think how many fewer problems society would have if all social problems could be solved with a profitable solution…”
Wal-Mart Aims to Enlist Suppliers in Green Mission
Ylan Q. Mui, September 25, 2007 (Washington Post)
WHO
Wal-Mart, the world’s largest retailer; the Carbon Disclosure Project (CDP)
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WHAT
Wal-Mart will ask its suppliers to measure and offset emissions. CDP will monitor and guide.
WHEN
Wal-Mart pledged 2 years ago to vowed to cut waste, use renewable energy and sell sustainable products.
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WHERE
A pilot program evaluating emissions has begun involving 25-30 suppliers. Coca-Cola and Fox Home Entertainment are signed on to the project.
WHY
- The Carbon Disclosure Project has recruited 315 institutional investors controlling assets of $41 trillion and is endorsed by Rupert Murdoch, Bill Clinton and Angela Merkel.
- Wal-Mart will begin with 7 major item categories: DVDs, toothpaste, soap, milk, beer, vacuum cleaners and soda. The levarage of size Wal-Mart has used in the past against unions and competitors will now be exerted to move suppliers (60,000 companies over hundreds of industries) to be more environmentally responsible.
- Wal-Mart has a packaging scorecard rating 3,400 suppliers on 13,000 products, pushing back against waste. It will soon involve customers in the scorecard evaluation and may use something similar for emissions.
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QUOTES
- John Fleming, chief merchandising officer, Wal-Mart: "Some of them are things we rarely think about -- like our vacuum cleaners -- and some of them are things we'd rather think about, like beer and movies…But each of these products has an impact on our planet."
- Michael Marx, executive director, Corporate Ethics International: "They make it possible for these suppliers to succeed with a large carbon footprint if the retailers continue to sell their products…"
- Paul Dickinson, CEO, CDP: "Proper carbon accounting and reporting is becoming the accepted minimum…This proves the point that what gets measured gets managed.”
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