Wal-Mart, the U.S. based retail giant, voluntarily introduced a program to permanently protect an acre for every acre of land developed for its stores. Although offset in nature, there is no specific intention to match the offset with the type or quality of habitat impacted by development. $35 million was pledged for land acquisition to offset development of store footprint.
|Date Established: 2005||Status: Active||Program Type: One-Off Offset|
|About the program:|
|Annual size of program (area): 103,000 (acre)||Year of Data: 2008|
|Cumulative size of program (area): 412,000 (acre)||Years of Data: 2005 - 2008|
|Annual payments of program (US$): 3,500,000||Year of Data: 2008|
|Cumulative payments of program (US$): 35,000,000||Years of Data: 2005 - 2015|
|Notes on program size or payments:
Cumulative payment is the total amount that the company has committed to spending over a 10 year timeframe (2005-2015).
|Species or habitat types (if applicable):|
|Bank regulator information: N/A - voluntary||Last Updated: September 23, 2010|