Wal-Mart Unveils a New Sustainability Initiative

Wal-Mart is making headlines again, thankfully this time it’s a lot less controversial. On October 22nd in Beijing, Wal-Mart held a groundbreaking conference with around 1,000 different suppliers and manufactures outlining the future goals of the company. With many companies today realizing the need for more sustainable business models, Wal-Mart is following suit with an initiative to bring more sustainable and energy efficient practices to its already immensely successful business and supply chain.
“Sustainability is about building a better business. We think it is essential to our future success as a retailer — and to meeting the expectations of customers,” said Lee Scott, president and CEO of Wal-Mart Stores, Inc. “Maintaining the trust of our customers — today and in the future — is tied hand-in-hand with improving the quality of our supplier factories and their products.”
Wal-Mart’s main initiative focuses on meeting or exceeding social and environmental standards, promoting innovation and efficiency and building stronger partnerships with suppliers, governments and NGOs. Beginning in China in 2009, Wal-Mart will create a new supplier agreement that will require factories to certify compliance with local laws and regulations as well as rigorous social and environmental standards. Wal-Mart will also partner with its top manufacturers to improve energy efficiency by 20% by 2012. Along with increasing environmental standards, Wal-Mart will also implement stricter product safety and quality measures that will greatly reduce returns of defective merchandise
Thanks to its great success, Wal-Mart is in a unique position to bring about effective change by working collaboratively with foreign suppliers and manufacturers. Although by no means the first company to strive to be more environmentally conscious, the fact that a large and powerful company like Wal-Mart is making a commitment to sustainability will no doubt have a positive impact and lead the way for other corporations to follow.
Related Posts
Wal-Mart Talks About Doing the Sustainability Thing
Toys “R” Us To Adopt Higher Health Standards
Future Technology Inspired by Nature
Dell Changing the Bulbs
Improving The BMW Fuel Economy and Performance










