Walmart Inc. WMT, -0.43% has announced a new commitment to reduce plastic waste that focuses on its private-label goods. The commitment includes a pledge to achieve 100% recyclable, reusable or compostable private-label packaging by 2025. The company is already taking steps to reduce plastic waste, like recycling shrink wrap and providing plastic bag and film recycling bins in stores. The new commitment also continues Walmart's work with suppliers to reduce plastic waste. Walmart shares have gained nearly 6% over the past year while the Dow Jones Industrial Average DJIA, -0.13% is up 1.5% for the period.
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