Final answer:
Walmart, ranked as number 7 on the Global 100 Most Sustainable Corporations, has committed to sustainability, aiming to reach zero global emissions by 2040. It is one of many companies aligning business practices with ecological goals, as outlined by the United Nations Global Compact, which advocates for business accountability in areas such as human rights and the environment.
Step-by-step explanation:
The entity that was listed as number 7 on the Global 100 Most Sustainable Corporations was Walmart. This ranking assesses corporations on their sustainability practices in a variety of areas including environmental efforts, social responsibility, and governance. Walmart has pledged to reduce its global emissions to zero by 2040, focusing on powering facilities with 100 percent renewable energy and utilizing electric vehicles. Notably, the United Nations Global Compact plays a significant role in guiding multinational companies like Walmart towards better sustainability through principles around human rights, the environment, and anti-corruption efforts.
Such initiatives by large corporations illustrate an important adaptation in business models aligning with ecological and sustainable goals. These adjustments not only support the environment but are also seen to have economic advantages. Walmart has shown progress by already sourcing approximately 29 percent of its energy from renewable sources as of 2020. The company's goals present both an internal corporate challenge and an external one, encouraging other corporations and governments to consider their role in addressing climate change.
Businesses and states contribute to promoting development goals, with nearly 15,000 companies participating in the UN Global Compact. Walmart's plans for sustainability, including their aim to power their facilities with renewable energy and their adoption of electric vehicles, are reflective of a broader movement by major corporations to adopt more sustainable practices. This is part of a wider recognition of the role that the fashion industry and other sectors play in the production of greenhouse gases and their move towards net zero emissions by 2050.