- What happened?
Walmart invested more than one billion dollars in renewable energies, sustainable buildings and circular economy.
Walmart announced the release of its first Green Bond Impact Report, indicating that the company has allocated $1.1 billion in green bond proceeds, with top investment areas including renewable energy, sustainable buildings, and waste reduction and circular economy initiatives.
- Whom and where it affects?
Eligible categories for investment under Walmart’s green bond framework include renewable energy, high-performance buildings, sustainable transport, zero waste, and circular economy, water stewardship, and habitat restoration and conservation.
- What sort of public or private institutions are involved?
The only institution that it is involved in this new is Walmart because all the finance is destined to many different projects around the company.
- Why is it important for Banking and Finance?
Because with this kind of initiatives of green bonds like Walmart’s one, other companies that are not just banking or financial entities could entry in the financial market too offering this kind of sustainable products for investors who wants to be part of sustainable projects including circular economy ones. The better the results of these green bond initiatives, the more companies and banks institutions will begin to market them.
- What do you think will be the consequences in the foreseeable future?
The consequences in the future 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.
SDG Number (Sustainable Development Goals): 7, affordable and clean energy.
Keywords: sustainable buildings, circular economy, allocate, green bond, framework, stewardship.