LOS ANGELES, Feb. 26 — Retail giant Wal-Mart Stores Inc. pledged on Thursday that it will take drastic measures to reduce greenhouse emissions so as to ensure a growth of sustainability.
As part of a greening process, the company will curtail its carbon growth by cutting 20 million metric tons of greenhouse gas emissions from the life-cycle of its profits by the end of 2015, Chief Executive Mike Duke said in a webcast presentation.
The company will focus first on product categories most associated with carbon, Duke said.
The greening process will occur as raw materials are sourced and as goods are manufactured and transported, and even as customers handle and dispose of the products, according to Duke.
Wal-Mart previously announced an ultimate goal of relying solely on renewable energy to run all its operations while producing no waste. The retailer completed three solar installations in Southern California last month.
"We have the capacity to do more," Duke said. "We have the opportunity to lead … It's a very sizable goal, as we often do at Wal-Mart."
The goal could even spark a "race, a treasure hunt" among suppliers to find competitive ways to cut emissions, said Fred Krupp, president of the Environmental Defense Fund, which is partnering with Wal-Mart to reach the sustainability goal.
Clear Carbon Inc. will check that Wal-Mart and its suppliers use proper methodology to produce complete and accurate calculations of reduced emissions, and Pricewaterhouse Coopers will confirm the procedures using consulting standards, according to the Los Angeles Times on Thursday.(PNA/Xinhua) ALM