Walmart

Walmart has completed TCFD aligned scenario to understand the physical risks to the business. However, the company has only disclosed the use of a 3-7 degree scenario (RCP 8.5). Moreover, it is unclear if the company has included all animal proteins within this risk analysis as Walmart has only identified animal feed, milk, and shrimp as at-risk commodities from this analysis.

Walmart discloses a break down of its Scope 3 emissions however it is unclear how much of the company's emissions are attributed to animal agriculture

The company has an SBTi approved target of reducing upstream and downstream Scope 3 emissions by one billion tonnes by 2030 from a 2015 base year. However, this target does not include FLAG emissions and is not aligned to a 1.5 degree scenario.

Walmart estimates that the sale of two plant-based protein brands in a limited number of its stores has a financial opportunity of $120,000 in the medium term. It is unclear what timeframe this medium term is.

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There is no evidence for this KPI.

Walmart does not have a protein diversification target and therefore does not have board-endorsed support or periodic oversight to meet this target.

It is unclear from Walmarts disclosure if any of its board members have technical expertise in climate. Although the company has disclosed that its board has oversight of the company's ESG Steering Committee which manages the company's ESG strategy, it is unclear if this committee is an expert advisory group on climate.

It is unclear from Walmarts disclosure if any of its board members have technical expertise in nutrition/health. Although the company has disclosed that its board has oversight of the company's ESG Steering Committee which manages the company's ESG strategy it is unclear if this committee is an expert advisory group on nutrition/health.

Walmart offers a comprehensive insight into its direct lobbying activities. The company has disclosed lobbying on the following topics; corporate tax policy, energy and climate, healthcare, individual data privacy, marketplace trust and transparency, nature, biodiversity, sustainable commodities, racial equity, trade and manufacturing, transportation and supply chains, waste reduction and circular economy, and workforce development. Walmart has additionally disclosed its annual political contributions.

Walmart has disclosed lobbying actions that are aligned for both positive climate and nutrition outcomes for the company's food business. On nutrition Walmart is supporting state and federal legislation around the Supplemental Nutrition Assistance Program (SNAP), Special Supplemental Nutrition Program for Women, Infants, and Children (WIC), and Nourish my Health program. On climate the company is advocating for the US federal Farm Bill to include support for regenerative agricultural practices.

The company discloses a full list of affiliations with associations and other organizations to which it provides support.

Walmart has disclosed that the lobbying of its trade associations are aligned with positive climate and nutrition outcomes. On climate, the company is a member of trade associations that advocate for renewable energy, responsible sourcing, regenerative agriculture, reducing climate change, and sustainable animal protein production. On nutrition, Walmart's trade associations are advocating for nutritional marketing and consumer health.

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There is no evidence for this KPI

Walmart is supporting its beef suppliers decarbonise by providing them with technical support on-farms, grants, and investments. However, it is unclear if these support measures are pilots or large scale projects. The company has provided a high-level statement that its technical support includes assisting farmers implement grazing management techniques and incentivising regenerative agriculture for animal feed production. The Walmart Foundation has provided grants to improve grassland management in US Northern Great Plains and to implement regenerative agriculture in Mato Grosso, Brazil. The company has additionally invested in land-use change monitoring tools in Brazil. Although the company has disclosed that its Project Gigaton has supported 5,200 suppliers improve their sustainability practices, the company has not specified how many of these suppliers are animal protein suppliers.

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Walmart does not have a Just Transition strategy but does have ongoing consultations with its suppliers to develop its decarbonisation strategy for its supply chain. The company conducts this engagement through the Sustainability Milestone Summit, Joint Sustainability Planning, Commodity Summits, and Pre-initiative Engagement. These forums allow suppliers to provide feedback on potential sustainability initiatives and for the company to discuss and gain insight on how to develop the best sustainability initiatives that will impact the company's supply chain.

There is no evidence for this KPI.

There is no evidence for this KPI.

The company launched its own brand "Bettergoods" and two external brands "Voyage Foods" and "Planting Hope Brands" all of which have numerous plant-based products within their ranges.

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There is no evidence for this KPI

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Walmart's newly launched Bettergoods range which includes numerous plant-based protein products is being marketed as an affordable food option with most products being priced under $5 as part of its Every Day Low Price commitment.

Walmart has only provided evidence of using affordable pricing marketing for plant-based products in its Bettergoods range. It is unclear how the company is marketing plant-based products within other plant-based ranges.

Walmart has implemented its Great For You Icon in-store and Built for Better - For You icon on its website and in-store to sign-post consumers towards healthy food options. However, it is unclear how much of the company's plant-based portfolio these icons covers.

Walmart has implemented its Built for Better - For the Planet icon on its website to sign-post consumers towards sustainable food options. However, it is unclear how much of the company's plant-based portfolio this icon covers.

Walmart has found that 78% of consumers have expressed that sustainable lifestyle is important. However, it is unclear if the company understands if this sustainable lifestyle has translated into an increase in demand for alternative protein sources.

There is no evidence for this KPI