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)

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