Walmart

"Walmart's net zero target is to achieve zero emissions across global operations by 2040. Net Zero Tracker
This target covers carbon dioxide and other greenhouse gases, as well as scope 1 and scope 2 emissions. Net Zero Tracker
The company has set interim targets of reducing emissions by 35% relative to 2015 emissions by 2025, and a 65% reduction by 2030. Net Zero Tracker
An interesting fact about Walmart's environmental policy is that it explicitly states it will achieve its targets without carbon offsets, but it does not have a target that covers scope 3 emissions. Net Zero Tracker
In …"

Current Score (vs. LY)

61.3 pts (-7.8)

Last Update: Dec. 12, 2023

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 7,312,2457,250,0006,850,000
Scope 2 - location-based 9,475,167NANA
Scope 2 - market-based 6,544,1738,680,00010,370,000
Scope 1-2 - location-based 16,787,4127,250,0006,850,000
Scope 1-2 - market-based 13,856,418 15,930,000 17,220,000
Scope 3 242,835,48000
Total - location-based 259,622,8927,250,0006,850,000
Total - market-based 252,905,085 15,930,000 17,220,000

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 269,922,915252,905,085
Methodology Previous year intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Walmart belongs to the sector Consumer Staples.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 35.0 2015 2025
S1S2MKT 65.0 2015 2030


Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 100.0 2020 2040


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S3 FULL 2030
S1S2S3LOC FULL 2040


Science-based Targets (SBTI)

Date Published / Updated :01/11/2016

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2025, 2030 No target Yes
Walmart is a member of the Business Ambition for 1.5 campaign (link here )

Walmart commits to reduce absolute scopes 1 and 2 GHG emissions 35% by 2025 and 65% by 2030 from a 2015 base year. Walmart will also work to reduce CO2e emissions from upstream and downstream scope 3 sources by one billion tonnes between by 2030 from a 2015 base year.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Walmart by zerotracker.net: April 2, 2024
Planning to use external offset credits No
Separate targets for emission reductions and removals Yes
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) No

Additional notes: "We were the first U.S. retailer to make a zero emissions commitment that does not rely on carbon offsets." https://corporate.walmart.com/esgreport/esg-issues/climate-change However for the scope 3 target: Project Megatron mentions "protect manage and restore forests through certification". (This is under "actions we encourage suppliers to take" - implying that they are fine letting others use credits in order to achieve their scope 3 target - however they don't plan on buying any themselves it seems.) "Explicitly states that it will achieve its targets without carbon offsets, but does not have a target that covers scope 3 emissions." --> https://newclimate.org/sites/default/files/2023-02/NewClimate_CorporateClimateResponsibilityMonitor2023_Feb23.pdf

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points)
Max
(points)
Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 7.5 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 8.0 10.0 2.0
Transparency 25.5 30.0 2.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 3.333333333333334 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 5.0 10.0 2.7
7 Targets are science-based as validated by SBTi 10.0 10.0 0.0
Commitments 28.333333333333336 40.0 2.7
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -10.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 7.5 10.0 -2.5
Results 7.5 30.0 -12.5
Total 61.3 100.0 -7.8


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 5.0 0.0 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? B 8.0 / 10.0 6.0 2.0 9.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2025 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 4.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2040 1.7 / 5.0 1.7 0.0 1.7
Target year for achieving net zero emissions for S1+S2+S3 combined? 2040 1.7 / 5.0 1.7 0.0 1.7
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 17.8
5.0 / 5.0 2.3 2.7 4.5
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 10.0 0.0 10.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 21.0
Actual (in %): -126.9
0.0 / 5.0 5.0 -5.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 17.8
Actual (in %): 13.0
0.0 / 5.0 5.0 -5.0 5.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.7°C 7.5 / 10.0 10.0 -2.5 7.5
Total 61.3 / 100.0 69.1 -7.8 66.9


Available Data Sources

Reporting Year 2021 2021 2020 2020 2020 2020 2020 2019 2019 2019 2019 2018 2018
Source NZPDU Public Public Public CDP NZPDU Yourstake Public Public CDP NZPDU Public NZPDU
Publication Year 2022 2022 2022 2022 2021 2021 unknown 2022 2021 2020 2020 2021 2019
Scope 1 7,312,245 7,370,161 7,250,000 7,240,000 7,236,499 6,728,056 7,236,499 6,850,000 6,480,000 6,484,616 6,484,616 6,100,000 6,101,641
Scope 2 - location-based 9,475,167 9,548,504 NA NA 11,031,800 9,891,120 11,031,800 NA 0 12,190,878 12,190,878 0 13,057,352
Scope 2 - market-based 6,544,173 6,617,509 8,680,000 9,190,000 9,190,337 8,108,016 9,190,337 10,370,000 11,080,000 11,078,980 11,078,980 12,020,000 12,022,083
Scope 1-2 - location-based 16,787,412 16,918,665 7,250,000 7,240,000 18,268,299 16,619,176 18,268,299 6,850,000 6,480,000 18,675,494 18,675,494 6,100,000 19,158,993
Scope 1-2 - market-based 13,856,418 13,987,670 15,930,000 16,430,000 16,426,836 14,836,072 16,426,836 17,220,000 17,560,000 17,563,596 17,563,596 18,120,000 18,123,724
Scope 3 242,835,480 0 0 0 171,269,374 171,269,374 171,269,374 0 83,474 184,474,411 184,474,411 0 184,474,411
Total - location-based 259,622,892 16,918,665 7,250,000 7,240,000 189,537,673 187,888,550 189,537,673 6,850,000 6,563,474 203,149,905 203,149,905 6,100,000 203,633,404
Total - market-based 252,905,085 13,987,670 15,930,000 16,430,000 184,368,336 182,777,572 187,696,210 17,220,000 17,643,474 198,710,133 198,710,133 18,120,000 199,270,261

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email