• Walmart president/CEO Mike Duke said yesterday that the company is taking a series of steps to achieve its goal of being 100 percent dependent on renewable energy, including driving "the production or procurement of 7 billion kWh of renewable energy globally every year, a 600 percent increase over 2010 levels," and reducing "the kWh/sq. ft. energy intensity required to power Walmart's buildings globally by 20 percent compared to 2010 levels."
"More than ever, we know that our goal to be supplied 100 percent by renewable energy is the right goal and that marrying up renewables with energy efficiency is especially powerful," Duke said. "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."
The plan is to achieve these new goals by 2020.
"When I look at the future, energy costs may grow as much as twice as fast as our anticipated store and club growth," Duke said in his prepared statement. "Finding cleaner and more affordable energy is important to our every day low cost business model and that makes it important to our customers' pocketbooks. Our leadership in this area is something our customers can feel good about because the result is a cleaner environment. And savings we can pass on to them.
"More than ever, we know that our goal to be supplied 100 percent by renewable energy is the right goal and that marrying up renewables with energy efficiency is especially powerful," Duke said. "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."
The plan is to achieve these new goals by 2020.
"When I look at the future, energy costs may grow as much as twice as fast as our anticipated store and club growth," Duke said in his prepared statement. "Finding cleaner and more affordable energy is important to our every day low cost business model and that makes it important to our customers' pocketbooks. Our leadership in this area is something our customers can feel good about because the result is a cleaner environment. And savings we can pass on to them.
- KC's View:
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Interesting, Walmart's citing of the year 2020.
Which also happens to be the year when Amazon likely will be roughly the same size as Walmart.
