Walmart

Business Context

• Operates more than 10,000 stores and 1,000 supply chain locations across 19 countries, serving 270 million weekly customers.
• Tracking $4.3 billion in active U.S. projects, including distribution center automation and new facilities.
• U.S. operations had 166 MW of onsite solar across 325 facilities and 10 MW of energy storage at 44 locations by end of 2024.

Commitments

• Zero emissions in Scope 1 and 2 by 2040; 100% renewable energy to power operations by 2035.
• SBTi-validated targets: 35% Scope 1 and 2 reduction by 2025, 65% by 2030 (2015 baseline); 1 billion metric tons Scope 3 reduction by 2030.
• Project Gigaton achieved 1 gigaton supply chain emissions reduction six years early in 2024, engaging 5,900 suppliers.

Energy Strategy

A utility-scale solar and wind procurement program concentrated in the southern U.S., with recent acceleration toward the 100% renewable electricity target despite missing interim Scope 1 and 2 reduction goals.

• 2024 multi-developer solar portfolio across Arkansas, Louisiana, Mississippi, and Texas added ~680 MW net new capacity via NextEra, EDP Renewables, and Invenergy.
• March 2024 EDP Renewables North America Texas solar PPA for 162 MW brought total EDPR relationship to 395 MW across six deals since 2015.
• Signed PPAs for more than 2 GW between 2020 and 2023; targeting 10 additional GW by end of decade.
• Procured 48.5% of global electricity from renewables in 2024 (30.6% via contracts), but operational emissions remain 18.1% below 2015 baseline—well short of 35% interim target.