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As the world economy sags, the world's largest retailer is looking for new ways of reducing both costs and environmental impact—and arguing that the two can go hand-in-hand. At its "Sustainability Summit" in Beijing Wednesday, Wal-Mart announced the launch of a new set of stringent environmental standards, energy reduction targets and ethical compliance procedures that will apply initially to its thousands of suppliers in China and eventually to all suppliers. The company kicked off the day-long summit, attended by more than 600 of its suppliers, by spelling out ambitious targets that, if implemented, have the potential to make a significant impact. The goal is to set new standards for responsible sourcing in its global supply chain and create a model of best practice in China. The main points:
Environmental efficiency: The top 200 factories that supply Wal-Mart must improve energy efficiency by 20 percent by 2012, while China's 113 Wal-Mart stores must cut energy use by 30 percent and halve water use in all stores by 2010, and get suppliers to reduce packaging by five percent by 2013.
China Calling : Wal-Mart's New Push to Green China (http://blog.newsweek.com/blogs/chinacalling/archive/2008/10/24/wal-mart-s-new-push-to-green-china.aspx - broken link)
Wal-mart may well be able to influenece the chinese if anyone can.Especailly since the chinese want to buid faith in their brands hiw.WEe will just have to wait and see.
I'm sorry..but "China" and "green" in the same sentence is an oxymoron no matter how you spin it.
So Walmart will have no water in the bathrooms, 1/2 the lights turned out and a piece of scotch tape with the price on all goods ?
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