Wal-Mart's $11bn 'green' savings

15 February 2007
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15 February 2007

Wal-Mart has pledged to work more closely with suppliers to reduce its environmental impact.

The retailer, which owns supermarket Asda in the UK, has launched the "Sustainability 360" programme to make its suppliers and customers greener. The news follows similar announcements by Marks & Spencer and Tesco (News, 1 February).

Lee Scott, Wal-Mart CEO, said: "Sustainability 360 takes in our entire company - our customer base, our supplier base, our associates. We believe every business can look at sustainability this way."

Scott said that Asda had taken the lead on working with suppliers to reduce packaging, aiming for a reduction of 25 per cent by the end of 2008. Wal-Mart's overall target is a 5 per cent reduction by 2013, saving the global supply chain $11 billion (£5.59 billion).

The company also intends to launch a new ethical-sourcing initiative this year, investing in the current team and sharing best practice with suppliers.

SMfeb2007

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