Walmart

Hypermarkets & Super Centers

WMT

$ 151 (1.1)%

Share price

$ 406 bn

Market Cap

$ 472 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.85x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8.2% weighted average for S&P 500

FY2022

Walmart aims to reduce Scope 1 + 2 by 35% by 2025 from a base year 2015

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Stronger than the -6.2% weighted average for S&P 500

FY2021

Walmart aims to achieve net zero for Scope 3 by 2030

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Walmart reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 13,988 Kt (-2,439 /-14.8% y-o-y). Also positively, carbon intensity declined to 24 t (-5 /-17% y-o-y).

Walmart's Scope 3 emissions was down at 171,269 Kt (-13,075 /-7.1% y-o-y). There has been no clear trend lately.

The company is committed to reducing Scope 1 + 2 by 35% by 2025 from a base year 2015, which translates into the estimated reduction of -320 Kt per annum over the period of FY2022 - FY2025. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for Scope 3 by 2030, which translates into the estimated reduction of -17,127 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	13,988	7,370	6,618		572,754	24
2020Q4	16,427	7,240	9,190	171,269	559,151	29
2019Q4	17,564	6,850	11,079	184,344	523,964	34
2018Q4	18,124	6,150	12,020	184,344	514,405	35
2017Q4	18,680	6,670	12,160		500,343	37
2016Q4	20,730	6,710	14,080		485,873	43
2015Q4	19,547	6,080	13,437	1,000,000	482,130	41
2014Q4	21,880	6,760	15,120