Walmart has partnered with HSBC to launch a new initiative that offers its suppliers better financing rates linked to sustainability. Companies in Walmart’s supply chain that reduce carbon emissions will be eligible to apply for preferential financing with HSBC. Suppliers participating in Walmart’s Sustainability Index Programme, which assesses the environmental impact of a product’s complete lifecycle, will also be eligible. Firms in... Walmart has pledged to cut 1 Gt of CO2 emissions from its supply chain by 2030. The company is also working on an online tool called “Carbon Footprint,” which allows customers and employees to track their own carbon footprint.
Walmart has partnered with HSBC to launch a new initiative that offers its suppliers better financing rates linked to sustainability. Companies in Walmart’s supply chain that reduce carbon emissions will be eligible to apply for preferential financing with HSBC. Suppliers participating in Walmart’s Sustainability Index Programme, which assesses the environmental impact of a product’s complete lifecycle, will also be eligible. Walmart has pledged to cut 1 Gt of CO2 emissions from its supply chain by 2030. The company is also working on an online tool called “Carbon Footprint,” which allows customers and employees to track their own carbon footprint.