Walmart Secures $2 Billion Green Bond

 

by David Worford, Environment+Energy Leader

September 9, 2021

 

Walmart has priced the company’s first green bond, a $2 billion offering intended to advance its goal of achieving total renewable energy.

 

The net proceeds of the bond will be a part of an eligible green investments portfolio and fund existing and future projects, which include developing high efficiency buildings, sustainable transport and zero waste objectives. Walmart has widely publicized its massive sustainability targets, which include becoming emissions free by 2040 and using 100% renewable energy to power its facilities and long-haul fleet.

 

The bond will also help Walmart work toward its establishedgoal of using 50% renewable energy across the company by 2025 and cutting 1 billion metric tons of emissions by 2030 as outlined in its Project Gigaton plan. Additionally, Walmart has pledged to cut use of virgin plastics by 2025.

 

Bloomberg reported that Walmart’s agreement is the largest green bond by a US corporation, surpassing previous $1.5 billon deals that both NextEra Energy Capital and Apple achieved...

 

more, including links 

https://www.environmentalleader.com/2021/09/walmart-secures-2-billion-green-bond/