What: According to Bloomberg, Walmart Inc. is issuing a USD 2 billion green bond, amid efforts to reduce carbon emissions, boost recycling and clean up its supply chain.

Why it is important: The bonds may help fund a range of green projects including solar and wind, energy efficient refrigeration, electric vehicles and waste reduction, according to its green financing framework.

Walmart is selling the USD 2 billion 10-year green bond as part of a five-part USD 7 billion sale to help fund a tender offer.

The retailer has a target of achieving zero emissions by 2040 and also aims for a 1 billion metric ton cut in emissions from its supply chain by 2030.

Walmart Breaks Green Bond Record With $2 Billion Debut Issuance