Under the programme Walmart will offer its suppliers favourable financing rates in return for progress on cutting emissions One of the world's largest retailers has teamed up with HSBC to today launch a new programme offering its global suppliers improved financing rates tied to their sustainability performance. Firms in...
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 2030 Gt of HSBC emissions from its supply chain by 1 . Walmart , Thames Water and Royal DSM have all recently agreed loans with interest rates linked to environmental responsibility.