Walmart Closes $2B Bond Offering for Funding Sustainability Efforts

Walmart closed a $2 billion inaugural green bond offering, perviously announced, with funds targeted to current and future sustainability projects, said the retailer Thursday. Its sustainability goals include achieving 100% renewable energy by 2035 and zero emissions in operations by 2040, said Chief Sustainability Officer Kathleen McLaughlin Thursday. Proceeds of the bond offering will be distributed among several categories: infrastructure; energy-efficient buildings; fuel-efficient vehicles in operations and supply chain; waste reduction and prevention; water efficiency and conservation; and habitat and landscape restoration, she said.