At Walmart’s inaugural Sustainable Product Expo, the company announced a fund to invest $100 million in recycling infrastructure products and joined CEOs from Kellogg, Coca-Cola, Monsanto and other major companies to sign sustainable agriculture and supply chain commitments. At their three-day event, initiatives were highlighted to further expand access to sustainable products and create more transparency in the supply chain.
Indra Nooyi, chairman and CEO of PepsiCo, said people have recycled for 20 years—yet with all the receptacles that have been made available and the push by businesses during that time, recycling has only increased 8%.
“There is huge opportunity here and this Closed End Fund will help bring this down to the city and neighborhood levels where behaviors have to change,” Nooyi said.
Many commitments were made during the event. Campbell’s CEO Denise Morrison announced the soup company’s commitment to reduce greenhouse gas emissions and water use by 20% per ton of food for Campbell’s five key agricultural ingredients – tomatoes, carrots, celery, potatoes and jalapenos.
“Making a sustainable difference is part of our mission,” she said. “We have 2bn pounds of tomatoes we grow yearly and, with our acquisition, we are one of the largest suppliers of carrots in the US.” Agricultural producer Cargill also is working with Walmart, developing a small-scale pilot program that is focused on improved beef supply chain visibility. This is part of Walmart’s goal to source 15% of its beef supply with environmental criteria by 2023.
“Walmart and our suppliers recognize that collaboration is the key to bringing sustainable solutions to all of our customers,” Doug McMillon, WalMart Stores CEO said. “A great deal of innovative work is happening every day, but there are still too many gaps and missed opportunities. Today’s commitments are about creating real systems change from one end of the supply chain to the other — meaning how products are grown and made, how they’re transported and sold, and how we touch the lives of people along the way.”
Walmart also has a “Zero Waste” program, which has been helped the company reduce its waste by 80%. Its participation in such initiatives put the company alongside a slew of other large companies that are doing the same as the public becomes more aware of and cares more about the carbon footprint we all leave and the consequences of that fact. Check out the infographic below to find out more about the Zero Waste Program at Walmart: