Walmart has released in Environmental, Social and Governance (ESG) report that covers the fiscal year that ended on January 31, 2020. It describes the company’s progress in waste reduction, emission control and leadership diversity.
According to the report, Walmart was included in CDP’s 2019 “A List” for climate action. The company used renewable energy for around 29% of its total global energy needs in 2019 and is on track to achieving 50% by 2025. More than 2,300 suppliers have also signed on to its Project Gigaton that aims to avoid 1 billion metric tons of emissions by 2030.
In terms of waste management, the retail giant has diverted about 80% of unsold products and other materials away from landfills. It is also using more sustainable products. As of September 2019, 100% of its private brand coffee was sourced from certified sustainable sources. It also sustainably sources 85% of its private palm oil brand.
When it comes to diversity, the representation of managers of colors increased from 33% to 35% and officers of color from 21% to 24%. The representation of women in management roles also increased from 43% to 45%. In addition, Walmart spent more than $11.7 billion with diverse suppliers in the U.S.