In its announcement, Walmart noted new research from HSBC and the Boston Consulting Group, which found that as much as half of the $100 trillion of investment by 2050 to achieve net-zero across global supply chains needs to come from small and mid-sized businesses. But those businesses often don’t have the in-house climate expertise and access to capital to tackle sustainability goals, the report noted.
Walmart is taking the cue from the research findings that larger corporations need to “provide liquidity and share knowledge and resources with smaller businesses.”
