Wal-Mart pushing Chinese suppliers to go green
There are some Americans who won't
realize Green is profitable till the 22nd Century.
Wal-Mart Stores Inc will meet with its thousands of Chinese
suppliers this fall as part of a big push to reduce waste and
emissions at factories that make its products, said CEO Lee
Scott.
“We started a very aggressive program in China that is not only going to deal with environmental sustainability, but is also going to deal more aggressively with the issues of sourcing in China,” Scott said during an appearance at the Wall Street Journal ECO:nomics conference.
As the world’s largest retailer, Wal-Mart is considered one of the few companies that can use its heft to tackle environmental issues, like reducing energy consumption. It has already pushed its U.S. suppliers to cut back on packaging and has set a goal of one day producing no waste and using energy only from renewable sources.
Wal-Mart is also working with its suppliers to make the most “energy intensive” products in its stores 25 percent more energy efficient within three years. By 2010, the retailer also wants all its flat-panel TVs to be 30 percent more energy efficient.
I haven’t studied up on all the changes happening inside Wal-Mart. Like a number of firms, they’ve obviously learned that offering eco-friendly products [and policies] brings in more customers.
“We started a very aggressive program in China that is not only going to deal with environmental sustainability, but is also going to deal more aggressively with the issues of sourcing in China,” Scott said during an appearance at the Wall Street Journal ECO:nomics conference.
As the world’s largest retailer, Wal-Mart is considered one of the few companies that can use its heft to tackle environmental issues, like reducing energy consumption. It has already pushed its U.S. suppliers to cut back on packaging and has set a goal of one day producing no waste and using energy only from renewable sources.
Wal-Mart is also working with its suppliers to make the most “energy intensive” products in its stores 25 percent more energy efficient within three years. By 2010, the retailer also wants all its flat-panel TVs to be 30 percent more energy efficient.
I haven’t studied up on all the changes happening inside Wal-Mart. Like a number of firms, they’ve obviously learned that offering eco-friendly products [and policies] brings in more customers.
Posted: Sat - March 15, 2008 at 10:52 AM