TM 40 MITIGATION Project Gigaton – Key Highlights N Walmart has committed to science-based targets (SBTs) for O • Part of Walmart’s approved science-based target and TI emissions reduction—including achieving a 35% reduction in C U absolute scopes 1 & 2 emissions by 2025 and a 65% reduction aligned with the 2° warming scenario D >2,500 O by 2030 (vs. 2015 base year)—on the way to achieving zero NTR • Achieving the target would be equivalent to at least a 30% suppliers reporting I emissions in our operations by 2040. We are also committed reduction of the estimated scope 3 footprint Walmart in 2021 to engaging suppliers through Project Gigaton™, an ambitious used as the basis for the initiative Y effort to reduce or avoid one billion metric tons (a gigaton) of T I • Target and accounting methodology developed in N GHG emissions in the global value chain by 2030. TU partnership with experts including CDP, Environmental R O We achieved a 17.5% reduction in combined scopes 1 and Defense Fund (EDF) and the World Wildlife Fund (WWF) P P 2 emissions between our 2015 calendar year baseline and O • Intended to get immediate traction with suppliers on Reporting from 39 2020. While scope 2 emissions in 2020 declined by 11% over actions to reduce and avoid emissions, with 2030 serving suppliers representing Y 2019, 2020 scope 1 emissions increased by approximately 6% T I due primarily to increases in onsite refrigerant and transport as an interim milestone toward the Paris Agreement’s IL B 2050 date >70% A fuel emissions. To continue our progress, we are focused on IN of U.S. product A renewable energy procurement, energy efficiency, refrigeration, • Serves as a platform to engage and encourage our ST net sales U transportation and stationary fuels. suppliers to take action in arenas key to net-zero supply S chains: energy, nature, waste, packaging, transportation Y and product use & design IT N • Annual opportunity for suppliers to report on specific U M actions taken that are translated via calculators into OM C metric tons of CO e. Calculators created in collaboration 2 with WWF and EDF >574 MMT Y T cumulative emissions I • Suppliers determine the scope of their efforts to report— R G e.g., total company actions or Walmart’s proportional reduced or avoided E NT share. Select supplier submissions reviewed by WWF and (2017 through 2021) I & EDF as part of the data review S C I TH E 28