Wal-Mart to monitor energy efficiency in milk and soda
September 24, 2007
by FoodBusinessNews.net Staff
NEW YORK — Wal-Mart Stores, Inc. is partnering with the Carbon Disclosure Project in an effort to measure the amount of energy used to create products in its supply chain.
In turn, Wal-Mart will begin a pilot with a group of suppliers to find new ways to make the procurement, manufacturing and distribution process more energy efficient.
"This partnership between C.D.P. and Wal-Mart is a significant milestone in corporate action to mitigate climate change," said Paul Dickinson, C.D.P. chief executive officer. "By engaging its supply chain in the C.D.P. process, Wal-Mart will encourage its suppliers to measure and manage their greenhouse gas emissions, and ultimately reduce the total carbon footprint of Wal-Mart’s indirect emissions."
This project will focus on seven product categories, including milk and soda, to help determine the environmental impact of these products and to help find ways to improve energy efficiency. Milk and soda were among the products chosen because they are ordinary products that customers commonly use.
"This is an important first step toward reaching our goal of removing non-renewable energy from the products Wal-Mart sells," said John Fleming, executive vice-president and chief merchandising officer for the Wal-Mart Stores Division. "This is an opportunity to spur innovation and efficiency throughout our supply chain that will not only help protect the environment but save people money at the same time."
The Carbon Disclosure Project is a joint effort that includes more than 315 institutional investors with assets under management of more than $41 trillion. It was established to encourage dialogue between companies and investors to help form a response to climate change.