Source: Walmart Targets Ambitious Renewable Energy, Energy Efficiency Standards By 2020, by Adam Johnston, cleantechnica.com, April 23, 2013.
Notes: Wal Mart President & CEO Mike Duke also stated:
"The math adds up pretty quickly – when we use less energy that's less energy we have to buy, and that means less waste and more savings. These new commitments will make us a stronger business, and they're great for our communities and the environment."
According to this article, Walmart announced earlier in 2013 it is accelerating its target to be run on 100% renewable energy December 31, 2020. This goal could propel Walmart to be the leader in corporate sustainable development.
When this goal is achieved, it will mean huge savings for Walmart and the planet. Walmart expects annual savings of $1 billion, while cutting nine million metric tons of greenhouse gas emissions (GHG).
Right now, Walmart expects to drop the kWh/sq. ft. energy intensity by 20% from 2010 levels in powering their buildings worldwide.
Other climate friendly actions from Walmart:
- 200 US solar projects, which the company has saved $2 million to date.
- More solar systems and solar capacity than all other US companies.
- Walmart and SolarCity announced in March they are putting up 6 million kWh of solar energy in 12 Ohio locations, including various Sam's Club locations.
- 17% of Walmart's energy use and 21% of its electricity now from renewable sources.
In 2005, sustainability expert Jib Ellison convinced Walmart that "sustainable development was not about being a hippie. Rather, it was about efficiency, and cutting waste."
As the world's largest retailer, Walmart's commitment towards renewable energy may then spur other corporate leaders to go "all in" on renewable energy.
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