Inaugural Environmental, Social and Governance Report (ESG) outlines how Walmart drives change in the industry and creates shared value
Issued by Walmart
In May, Walmart Inc. (NYSE: WMT) 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.
June 7, 2019 - In May, Walmart Inc. (NYSE: WMT) 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 activate climate change initiatives, enhance sustainability in supply chains and increase economic opportunity for associates.
Walmart is disclosing progress to date in several areas including:
Activating Climate Change Initiatives
Enhancing Sustainability in Supply Chains
Increasing Economic Opportunity for Associates
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.
Walmart’s ESG report is available at Walmart.com/ESGreport
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[i] 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.
[ii] 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.
[iii] 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.
[iv] Individuals with revenue producing responsibility are those U.S. corporate and field managers with P&L responsibilities.
[v] 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.
Wal-Mart Stores, 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 260 million customers and members visit our 11,535 stores under 72 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2016 revenue of $482.1 billion, Walmart employs approximately 2.2 million associates worldwide.
Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity.
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