Carbon CreditsWalmart Issues $2 Billion Green Bonds

Walmart Issues $2 Billion Green Bonds

Walmart recently issued the largest green bond in the United States – worth $2 billion.

The world’s largest retailer has released its first debt with sustainability credentials. This is amid a period of stepped-up efforts to curb carbon emissions, promote recycling, and clean up its supply chain.

One of the projects funded by bonds might be a wide range of environmentally friendly projects, including wind turbines, solar power, energy-efficient refrigerators, electric vehicles, and trash reduction.

It’s part of a $7 billion investment that funds a $2 billion 10-year green bond to support a tender offer.

Walmart has set a goal of achieving zero emissions by the year 2040, and it also plans to lower emissions from its supply chain by a billion metric tons by the year 2030.

James Rich, Senior Portfolio Manager with Aegon Asset Management, stated “It certainly seems like they’re serious about taking a sustainability leadership role within the retail space,”. He went on to further state “I don’t know how other retailers will be able to avoid making similar commitments and changes.”

The gauntlet has been thrown down as Amazon issued a $150M ESG bond earlier in May and Alibaba also raised its first sustainability debt in Feb.

According to Bloomberg, the issuance of “Green” Bonds by firms and governments throughout the world reached $691 billion so far in 2021.

According to banking experts, the $1 Trillion dollar sales mark is set to be broken before the end of the year.



Most Popular



Ultimate Guide



Loading...



LATEST CARBON NEWS

Why Madsen Will Work This Time: A Smarter Start for a Legendary Gold Mine

Disseminated on behalf of West Red Lake Gold Mines Ltd. The Madsen Mine, located in Ontario’s renowned Red Lake gold district, has a legacy of...

A Battery ‘2X Better’ than Tesla’s Is Reshaping the $90B Home Power Storage Market

Disseminated on behalf of StorEn. Demand for home energy storage is booming, with up to 47% of US homes expected to have rooftop solar installations...

France’s New Law to Curb Fast Fashion Carbon Footprint: A Closer Look at SHEIN, Temu, and Inditex

The French Senate has approved a new legislation that puts strict rules on ultra-fast fashion brands like SHEIN and Temu. This bill bans ads...

BP Halts Indiana Carbon Capture Project Amid Safety and Economic Concerns

BP has indefinitely paused its carbon capture and storage (CCS) project in Indiana. The plan, aimed at making the state a hub for low-carbon...
CARBON INVESTOR EDUCATION

Planting Trees for Carbon Credits: Everything You Need to Know

As climate change intensifies, nations and industries are seeking innovative ways to cut carbon footprints. Carbon credits have emerged as a key tool in...

What is SMR? The Ultimate Guide to Small Modular Reactors

Energy is the cornerstone of modern life. We need electricity for healthcare, transportation, communication, and more. Many countries are choosing nuclear power because it...

What Is Carbon Dioxide Removal? Top Buyers and Sellers of CDR Credits in 2024

The world must remove 5–16 billion metric tons of CO₂ annually by 2050 to limit global warming to 1.5°C. But with emissions still rising,...

Top 5 Carbon ETFs for Sustainable Investing in 2025

Like stocks, investors can buy and sell Exchange-Traded Funds (ETFs) whenever the market is open. Often investing in carbon credits through ETFs offers a...