Read the full story at GreenBiz.
HSBC, Walmart and CDP are teaming up to unlock more financing for Walmart suppliers. The catch? The suppliers must set validated science-based targets for emissions reductions and meet certain performance thresholds in ongoing ESG disclosures to reporting organization CDP.
The supplier financing program is part of Walmart’s Project Gigaton, the company’s initiative to avoid 1 billion tons of greenhouse gas emissions from being released into the atmosphere by 2030.
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