Good morning.
Walmart and GM are the two companies I most often mention when asked to name those that are taking climate change seriously. Both are heartland U.S. companies; neither can fairly be characterized as “woke.” Yet the first has adopted an ambitious program called Project Gigaton to push its suppliers to adopt Net Zero emissions-reduction plans, and the second has pledged to eliminate all tailpipe emissions from new cars by 2035.
So I was pleased to see the executives responsible for ESG policies at the two companies—Walmart’s Kathleen McLaughlin and GM’s Kristen Siemen—join us for our first Fortune Impact Initiative, held in partnership with EVERFI. I asked McLaughlin if suppliers were required to participate in Project Gigaton. Her response:
