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Wal-Mart goes green on packaging Wal-Mart goes green on packaging
(about 5 hours later)
Wal-Mart has become the latest company to joined the green revolution - announcing a move to cut packaging by 5% over five years. Wal-Mart has become the latest company to join the green revolution - announcing a move to cut packaging by 5% over five years.
The retail giant says the scheme will start in 2008 and save the firm $3.4bn (£1.78bn) as well as "millions of pounds of trash reaching landfills." The retail giant says the scheme will start in 2008 and save the firm $3.4bn (£1.78bn) as well as "millions of pounds of trash reaching landfills".
The amount saved overall in the supply chain could be $10.98bn, Wal-Mart said.The amount saved overall in the supply chain could be $10.98bn, Wal-Mart said.
UK supermarket Sainsbury's last week said that 500 of its own-brand goods would be in compostable packaging. UK supermarket Sainsbury's said earlier this month 500 of its own-brand goods would be in compostable packaging.
Unveiling the programme, Wal-Mart chief executive Lee Scott said packaging was an area "where consumers and suppliers come together and can have a real impact on both business efficiency and environmental stewardship".Unveiling the programme, Wal-Mart chief executive Lee Scott said packaging was an area "where consumers and suppliers come together and can have a real impact on both business efficiency and environmental stewardship".
From 2007, the retailer will give its buyers a "packaging scorecard", providing information on alternative forms of packaging, which will influence decisions on which products to stock.From 2007, the retailer will give its buyers a "packaging scorecard", providing information on alternative forms of packaging, which will influence decisions on which products to stock.
Wal-Mart made the announcement at the end of the Clinton Global Initiative meeting in New York, where on Thursday Richard Branson committed the next ten years-worth of profits - around $3bn - to fighting global warming. Wal-Mart made the announcement at the end of the Clinton Global Initiative meeting in New York, where, on Thursday, Richard Branson committed the next 10 years of profits for Virgin - around $3bn - to fighting global warming.