Retailer Wal-Mart released a comprehensive report of its sustainability efforts, outlining initiatives to improve the environment, health care, diversity, and sourcing and highlighting the work of its foundation. The report discusses Wal-Mart's sustainability initiatives and defines the challenges, as well as goals, for moving forward.
"This report lays out where we have come from in the last two years and how we have become a better company and a better business," said Lee Scott, President and CEO of Wal-Mart Stores, Inc. "We are proud of the good progress we are making in a number of areas and we understand that we still have more work to do. For the future of our business and of the world, we remain committed to becoming a more sustainable company."
In an October 2005 speech titled "Twenty-First Century Leadership," Wal-Mart committed to three large sustainability goals: to be supplied 100% by renewable energy, to create zero waste, and to sell products that sustain our resources and the environment. The report examines the progress Wal-Mart has made toward those commitments and details how the company has worked to integrate sustainable practices into its supply chain, the products it sells, the lives of its associates and the communities where it operates and sources. The companywide emphasis on sustainability is called "Sustainability 360."
"A lot of the attention around our sustainability efforts has focused on the environment, which is not unexpected. But our work to become a better company is about more than what we're doing with the environment," said Scott. "Sustainability at Wal-Mart also has broad economic and social components, including health care, economic opportunity and the quality of life of the people who make the products we sell. Ultimately, these are interwoven, and we are committed to making progress in each of these areas."