• Walmart this week said that it was raising "the bar on climate action by creating a supply chain finance program that not only enables greenhouse gas (GHG) emissions reductions, but for the first time, uses science-based targets to do so in a way that aims for a 1.5-degree Celsius pathway … the program will help Walmart’s private brand suppliers – particularly small and medium-sized businesses – by introducing enhanced standards, tools and capacity building to help them upskill and in turn align their operations with transparent sustainability objectives.
"The announcement marks a key next phase in Walmart’s journey to avoid 1 billion metric tons (a gigaton) of greenhouse gas (GHG) emissions from its global supply chain by 2030. HSBC has been supporting Walmart’s Sustainable Supply Chain Finance program (SSCF) since 2019 – encouraging its suppliers through improved financing access and terms if they reduce GHG emissions in at least one of the six pillars that are a part of Project Gigaton."
