HSBC and Walmart to reward suppliers for emission cuts

HSBC and Walmart are partnering in a scheme to offer suppliers improved financing in return for demonstrating progress under either the retailer's Sustainability Index Program or Project Gigaton.

The offer marks the direction of travel that many major companies are taking to addressing the issues of their supply chains, and the environmental impact of the whole of their operations.

Details of the Sustainable Supply Chain Finance (SSCF) programme have not been revealed, but will clearly be large enough to act as an incentive as Walmart attempts to reach its target of cutting one Gt of carbon emissions from its supply chain by 2030.

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