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Business Wire 23-Apr-2018 12:04 PM
Summary outlines Walmart's milestones toward increasing economic opportunity, enhancing sustainability and strengthening local communities
Today, Walmart released a summary of its eleventh annual Global Responsibility Report (GRR), highlighting the company's progress and accomplishments in fiscal year 2018 to increase economic opportunity, enhance sustainability of supply chains and strengthen local communities.
To become the most trusted retailer in a way that creates value for business and society, Walmart works in partnership with suppliers, NGOs, thought leaders and elected officials to positively impact entire systems. Walmart aims to lead on the environmental, social and governance issues that matter most to customers, associates, shareholders and communities.
"At Walmart, we believe strengthening societal systems is not only the responsible thing to do, it also maximizes business value," said Kathleen McLaughlin, president of the Walmart Foundation and chief sustainability officer for Walmart. "Through our initiatives, we hope to accelerate progress and spark collective action on the issues that matter most to our customers, business and communities – helping to transform retail and retail supply chains for economic, environmental and social sustainability."
Walmart has made significant progress towards ambitious goals set more than a decade ago including to be powered by 100 percent renewable energy, create zero waste and sell products that sustain people and the environment. The company has further broadened its bold aspirations, marking a number of milestones in fiscal year 2018, including: significant investments in higher wages, training and increased parental leave for associates; a collaborative initiative with suppliers across the value chain to remove one billion metric tons, or one gigaton, of emissions by 2030 known as Project Gigaton™; and further collaborations with suppliers, nonprofit organizations and others to combat forced labor in the global supply chain.
Milestones and progress outlined in the 2018 Global Responsibility Report Summary include:
Increasing Economic Opportunity in Retail and Retail Supply Chains
Enhancing the Sustainability of Operations and Value Chains
Strengthening Local Communities
For more information on Walmart and the Walmart Foundation's public commitments, priorities and progress, visit corporate.walmart.com/2018grr.
About Walmart
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, nearly 270 million customers and members visit our more than 11,700 stores under 65 banners in 28 countries and eCommerce websites. With fiscal year 2018 revenue of $500.3 billion, Walmart employs approximately 2.3 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.
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