Walmart released its first Green Bond Impact Report, indicating that the company has allocated USD1.1bn in green bond proceeds, with top investment areas including renewable energy, sustainable buildings, and waste reduction and circular economy initiatives. The report comes a year after the issuance by Walmart of its inaugural green bond, raising USD2bn to fund projects aimed at advancing the company’s sustainability goals. The company’s goals include achieving zero emissions across operations by 2040 without the use of carbon offsets, powering facilities with 100% renewable energy by 2035, and electrifying and zeroing out emissions from its full vehicle fleet by 2040.

Source: ESG Today