retail news in context, analysis with attitude

With brief, occasional, italicized and sometimes gratuitous commentary…

•  Bloomberg reports that Walmart "will use natural gas, hydrogen and electricity to power its trucks as the world’s largest retailer seeks to honor a pledge to achieve zero greenhouse-gas emissions by 2040."

The goal is to cut diesel consumption, the company says, and "the strategy is to develop 'the right recipe' of alternatives for its big rigs by testing an array of technologies."

"We have a big commitment out there by 2040," Fernando Cortes, Walmart’s senior vice president of transportation, tells Bloomberg.  "We’re not just testing the waters."

The story notes that "Walmart’s pledge is based on Scope 1 and Scope 2 emissions, which in climate accounting cover direct emissions. Scope 3 is much broader, covering emissions from a company’s supply chain and the use of its goods. Walmart is working with its suppliers on Project Gigaton, which is designed to reduce or avoid one billion metric tons of carbon dioxide equivalent by 2030."

This isn't just about being a responsible citizen of the planet, though that will be one of results.  Walmart has to see that the long term economic impact of these shifts will be positive … and so it makes sense to make these moves as swiftly as possible.