.Walmart’s chief sustainability officer Kathleen McLaughlin said shared value and 'elevating ambition' helps suppliers fight climate change.
With sustainable goals the priority in today’s business environment, retailers and brands know they can’t afford to let their suppliers get left behind.
“Our vision is to provide the practical connection staircase — the escalator of ambition — that links big global goals, like Paris Agreement or the need to get back to 30 percent of the plant restored for nature [a goal known as “30 by 30”], to actions we can take that affect our daily lives as human beings in communities; the food we eat, the clothing we wear, household goods,” Walmart’s chief sustainability officer, Kathleen McLaughlin, said at The Economist’s sustainability event last week.
A few years ago, Walmart started partnering with HSBC providing financial incentives to suppliers working toward creating a more sustainable supply chain. Ultimately, “elevating ambition” is crucial in cutting Scope 3 emissions according to McLaughlin. Setting science-based targets or disclosing with the Carbon Disclosure Project is “really where we want things to go.”
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