What: Walmart's Chief Sustainability Officer, Kathleen McLaughlin, discussed the company's ESG priorities and challenges during the 2023 Goldman Sachs Global Sustainability Forum.

Why it is important: Walmart aims to be a role model for other businesses in the realm of environmental, social, and governance (ESG) issues.

McLaughlin highlighted the importance of shifting consumption towards a circular approach and addressing challenges related to data and the political environment. Walmart's ESG efforts are focused on economic opportunities for workers and suppliers, sustainability in retail operations and supply chain, strengthening communities, and maintaining ethics and integrity. McLaughlin mentioned the company’s decision to utilise EV vehicles for its last-mile fleet but also how there are issues with getting the technology and batteries that can replace its heavy tractors due to the vehicles’ loads and distances. Walmart’s Project Gigaton initiative to reduce or avoid supply chain emissions by 1 billion metric tons by 2030 has now engaged more than 5,000 suppliers.

The company considers corporate governance and digital citizenship as crucial aspects of its international business practices and has made progress by collaborating with Pepsi on a USD 120 million investment in regenerative agriculture. The retailer recognizes its global visibility and takes into account the expectations of all stakeholders.

Walmart’s chief sustainability officer talks ESG priorities, challenges