The world’s largest retailer on Friday laid out a new environmental road map for the next few years as it looks to convince customers it can be a good corporate citizen that offers both low prices and responsible ecological stewardship.
Walmart said it planned to be 50% powered by clean and renewable energy sources by 2025. That compares to 25% currently, part of an initiative announced 11 years ago to reduce Walmart’s environmental footprint. But perhaps more importantly, it will help improve the reputation of a retailer that for many activists was Public Enemy No.1. Last year, Walmart took a big step toward fulfilling that long-term ambition with a deal to buy more than half of the electricity generated by a new wind power facility in Texas for the next 10 years.
The goals were laid out by Wal-Mart Stores CEO Doug McMillon at the Net Impact Conference in Philadelphia and are part of the retailer’s efforts to respond to criticism of its practices. As the world’s largest employer and company, Walmart’s efforts can influence its many suppliers and rivals to follow suit. Being a good corporate citizen will also be crucial to winning over socially conscious consumers, particularly millennials.
+Info and Source: https://goo.gl/ZX3A7J