By Stephen Nakrosis

 

Walmart Inc. on Thursday said it closed its inaugural green bond offering.

The company said net proceeds from the $2 billion issuance will be allocated to fund projects advancing its sustainability goals.

The company said proceeds will be directed to eligible categories, including renewable-energy projects, projects related to making the company's facilities more energy efficient and sustainable transportation projects.

"The closing of our first-ever green bond offering directs capital toward projects that will advance our environmental sustainability goals now and in the years to come. These goals include achieving 100% renewable energy by 2035 and zero emissions in our operations by 2040," said Kathleen McLaughlin, the company's executive vice president and chief sustainability officer.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

September 23, 2021 14:00 ET (18:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Walmart (NYSE:WMT)
Historical Stock Chart
From Oct 2021 to Nov 2021 Click Here for more Walmart Charts.
Walmart (NYSE:WMT)
Historical Stock Chart
From Nov 2020 to Nov 2021 Click Here for more Walmart Charts.