14 DAY TRIAL // Earlier this week, Walmart went public with the news that it wanted to increase the amounts of renewable energy it used by as much as 600%.
The deadline established for this green-oriented goal is 2020, spokespersons for the company explain.
Apart from its making sure that its facilities rely heavily on renewables, Walmart intends to take steps towards improving on the energy efficiency of its stores and office buildings, Business Green reports.
The desired 600% increase would translate into the company's either generating or sourcing a total of 7 billion kWh of environmentally-friendly energy on a yearly basis, the same source informs us.
As explained by Walmart's current President and Chief Executive, Mike Duke, the base level taken into consideration for this 600% increase is the year 2010.
Interestingly enough, it appears that this company is hopeful that, at some point in the not so distant future, its energy demands will be met in their entirety by renewables alone.
Walmart's sustainability efforts are expect to benefit both the environment and the company itself.
Thus, its letting go of dirty energy sources will help Walmart improve on its ecological footprint. On the other hand, the predicted increase in the company's use of renewables will help Walmart spend less money on energy.
“More than ever, we know that our goal to be supplied 100 per cent by renewable energy is the right goal and that marrying up renewables with energy efficiency is especially powerful,” reads a statement issued by Mike Duke.
“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,” Walmart's president and chief executive further argues.
All things considered, Walmart's push for an increased use of renewables and energy efficiency is bound to save the company a yearly $1 billion (€0.76 billion).