Walmart signs up as partner in the USA National Pavilion of the Shanghai World Expo 2010
July 16, 2009,
“The Expo theme of 'Better City, Better Life' is aligned with Walmart's mission of helping people save money so they can live better, and embodied in the company's longstanding commitment to China and the communities around the world where we do business,” said Ed Chan, president and ceo of Walmart China during the announcement. “We are especially excited about the USA Pavilion's sustainability theme because at Walmart we believe that being an efficient and profitable business goes hand in hand with being a good steward of the environment."
Walmart's participation in the USA Pavilion will include cash and in-kind commitments.
The 2010 Shanghai World Expo is scheduled from May 1 through October 31, 2010. Measuring more than 60,000 square feet, the Expo’s USA National Pavilion will be one of the largest national pavilions at the site. It will showcase American culture, values, innovation and business.
An estimated 70 million visitors -- about 95% of them from mainland China and the remainder from around the world -- are expected to attend. This Expo will marks the first time China has hosted a world expo, and already more than 190 nations have committed to participate.
In accordance with U.S. legal requirements, the USA Pavilion is being operated through a non-profit organization – an entity called Shanghai Expo 2010 Inc. Because the U.S. Department of State is prohibited by U.S. federal law from spending appropriated funds in international expositions, U.S. private sector participation – like that of Walmart -- is necessary to raise the needed funds to design, build and operate the Expo’s USA National Pavilion
"Last week, the United States confirmed its participation in the Expo, and today we are celebrating a significant new development -- Walmart's partnership with the USA Pavilion," Locke said. "It is important to see Walmart and other leading American companies embrace this effort."
In addition to Secretary Locke, Chinese government officials from the Ministry of Environmental Protection and Ministry of Commerce as well as representatives of companies Honeywell, Copeland-Emerson, Carrier and Otis, participated in the announcement to show support.
The Walmart high efficiency flagship store here incorporates a series of sustainability solutions that the retailer claims are delivering an annualized 23.28% electricity saving and 16.85% water saving, with a payback period of 2.56 years using a 2005 baseline. The annual energy savings of 1,396,800 kWh is said to be enough electricity to power 349 homes for a full year.