BENTONVILLE, ARK.--(BUSINESS WIRE)--
Walmart Inc. (NYSE: WMT) today issued its inaugural Environmental, Social and Governance (ESG) Report, which details the company’s goals, progress and achievements for fiscal year 2019 toward its commitment to increase economic opportunity for associates and local communities, build sustainability in supply chains and activate climate change initiatives.
Walmart is disclosing progress to date in several areas including:
Activating Climate Change Initiatives
Enhancing Sustainability in Supply Chains
Increasing Economic Opportunity for Associates
“It’s not enough to just serve one stakeholder group, the opportunity for business and their leadership is to add value for all stakeholders,” said Doug McMillon, CEO of Walmart. “Throughout Walmart’s history, we have understood that for a business to last, it must have a fundamental reason for being, which is found in the value it creates for all – customers, associates, communities, shareholders, suppliers, future generations, and the planet.”
“Through ESG initiatives, our goal is not only minimizing our own footprint or mitigating risk, but to inspire collective action to help transform the sector for long-term environmental, social and economic sustainability,” said Kathleen McLaughlin, Walmart’s chief sustainability officer. “We’re engaged in efforts to source responsibly, create economic opportunity for retail associates and people working in supply chains, take action on climate change, and help improve sustainability of the products we sell. We believe business exists to serve society, and that when business engages to be part of the solution not only can we help accelerate progress in the world, we make our business better, too.”
Walmart’s ESG report is a newly-focused and streamlined update on how the company approaches key issues facing society and initiatives across its business segments that make a difference in both the communities it operates and the world. In addition to the ESG report, Walmart also announced today the release of its annual update on ethics and compliance which focuses on enhancements the company has made to its Global Ethics and Compliance Program over the years, as well as the launch of Walmart.org, a new website featuring the philanthropic efforts of Walmart and the Walmart Foundation.
Walmart’s ESG report is available at Walmart.com/ESGreport
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, over 275 million customers and members visit our more than 11,300 stores under 58 banners in 27 countries and eCommerce websites. With fiscal year 2019 revenue of $514.4 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.
i We previously reported year one results as “more than 20 million metric tons”; the exact figure was 21,518,699 metric tons, plus 13,233,733 of “roll-forward” emissions which were not publicly reported and are retroactively being added to the year one total in line with the clarified temporal allocation procedures described in the Project Gigaton Accounting Methodology.
ii Decline in emissions (Scope 1 and 2) between 2015 and 2017, is adjusted for most recent grid factors. On an unadjusted basis (as reported to CDP, using grid factors available in the year of reporting), the decline was 11.2%. Measurement accounts for changes in majority-owned subsidiaries over time through corresponding adjustments to baseline and year of measurement.
iii Decline in emissions (Scope 1 and 2) between 2015 and 2017, is adjusted for most recent grid factors. On an unadjusted basis (as reported to CDP, using grid factors available in the year of reporting), the decline was 11.2%. Measurement accounts for changes in majority-owned subsidiaries over time through corresponding adjustments to baseline and year of measurement.
iv This considers the combined contribution of the renewable energy credits and power generated from onsite and offsite projects as well as renewable energy that we receive from utility-owned renewable generation feeding into the grids where our sites are located. At the time this report was prepared, calendar year 2017 was the most recent year for which we have third-party-verified energy consumption data. This was used in combination with the electricity procured from our renewable energy projects in 2018 and the most recent grid fuel mix information obtained from the International Energy Agency for the regions where we operate.
v Diversity & inclusion numbers are calculated based upon total U.S. workforce, including associates in the U.S. regardless of whether assigned to subsidiary that owns or operates an ecommerce business, platform and/or marketplace.
vi Individuals with revenue producing responsibility are those U.S. corporate and field managers with P&L responsibilities.
vii Based upon average hourly wage calculated for full time associates assigned to Walmart U.S. stores, excluding Health and Wellness, as of March 15, 2019, plus value of FY2019 benefits.
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