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Walmarts corporate social responsibility practices
Walmart sustainability analysis
Walmarts corporate social responsibility practices
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Environmental Scan Paper MGT 498 / Bobby Bates Diego Crisostomo 5/12/2017 The value of a company is what makes shareholders happy. A happy shareholder will continue to invest and bring in more business for the company. There for a company must stay competitive to remain trustworthy to the shareholder, also to remain a successful business. There is no business out there that doesn’t have any competition.
“Our customers trust that the products we bring to market are sourced from reputable suppliers who provide safe and fair working conditions for their workers. Kroger is working to ensure an ethical supply chain for the products sold in our stores (Kroger).” They plan to have 100% sustainable seafood, cage-free eggs, and sourced palm-oil. Kroger wants to not only meet but exceed the Environmental Protection Agency’s “Zero Waste” policies. It also plans to improve transportation efficiency.
“Is Wal-Mart Good For America?” affords viewers a thoughtful analysis into the dubious ethical methodologies employed by the Wal-Mart Corporation. Unquestionably, Wal-Mart is not infallible and their strict adherence to low prices has pushed other companies out of business. For example, Rubbermaid, as mentioned in the documentary, fell into Wal-Mart’s paradoxical low pricing trap and forfeited into a merger with a competitor.
“To be a leading environmentally responsible retailer through focused resource stewardship by our associates and venders” (Kohl's Corporation, 2016). Many green initiatives have been made to support this mission, including recycled content gift boxes, restroom papers, merchandise bags, office supplies and an outstanding number of 700 Energy Star labeled stores. (Kohl's Corporation,
Moreover, the company has established a dedicated Emergency Operations Center that coordinates with government agencies and non-profit organizations to provide timely assistance during crises. Additionally, Walmart has recognized the importance of environmental sustainability. Walmart has implemented various initiatives to reduce its carbon footprint and promote eco-friendly practices. In 2005, the company launched its Sustainability 360 strategy, with ambitious goals to achieve zero waste, operate on 100% renewable energy, and sell sustainable products (Walmart, 2022). Walmart has invested heavily in renewable energy sources such as solar and wind power, aiming to power its operations sustainably.
Is Wal-Mart Good for America? When people hear the word Wal-Mart, they usually think of low prices, convenience, and possibly a “one stop shop”. Most People believe the store is great, and in some aspects, it is, but what about the other aspects? I want to show you some of the downside of it, and how they hurt our economy, as well as our citizens.
Walmart is one of the biggest corporaations in America. They sell pretty much everything! Whether is TV's, clothing, food, house accessories, furniture, you name it, they got it. Everytime I walk into a Walmart, it's always full with customers theres never a time where its empty. How ever, their amazing sales is what catches the citizens attencion.
It’s hard to drive through a city in the United States without seeing the trademark bright blue sign indicating you are about to pass a Walmart. With a slowly shrinking middle class, more Americans are finding themselves in need of cheaper goods to support their families. Fortunately for these families fighting off poverty, or even the middle class looking to save a few pennies, Walmarts are continuing to pop up all over the place. In fact, 90% of people living in the United States, live within fifteen minutes of one. The rise in the number of franchises has led many people to ask themselves if this is actually good for America.
By saying that his statement of Walmart helping to save the world is unchallengeable, Hirshberg is suggesting that this is a widely accepted belief. Although Hirshberg does give some evidence of how organic products do not use pesticides etc. which is better for the environment, without any quantitative data of how this sale is positively impacting the environment his claim is not
In 2005, Walmart set three primary 10-year goals for themselves as a company. McMillon has stated that these goals are “to be powered by 100 percent renewable energy, create zero waste and sell products that sustain people and the environment” (Walmart Corp., 2017). In 2015, Walmart refreshed these goals and put another 10-year plan into place that will move towards what they describe as “a new era of trust and transparency” (Walmart Corp., 2017). Sustainability is a goal that Walmart has set in the hopes of adopting new practices that will put them ahead of the competition. Walmart is paving the way for companies to adopt more sustainable practices.
‘Is Wal-Mart Good for America?’ On PBS Frontline, May 11, 2015 ‘Is Wal-Mart Good for America?’ is a documentary that examines the relationship between Wal-Mart’s rapid growth and its impact on the US economy ever since it blossomed in trade productivity in the mid 20th century. The documentary, published on February 2014 by PBS Frontline, conveys a deep understanding of how Wal-Mart changed the living standards of many Americans and took consumerism and retail logistics in the U.S. to another level; by cutting costs through offshore outsourcing to China and employing cheap Chinese labor. The documentary focuses on the changing relationship between big retailers and manufacturers and the transition in pricing and decision-making.
Most of the firms now use sustainability report of Wal-Mart as guideline or model for their own report
The company "Walmart" is one of the most influential companies in the retail trade. For over 10 years it became the largest chain of retail supermarkets in the United States. In addition, the position of Wal-Mart are strong and in other countries. "Walmart", since its foundation, pursues a strategy of low prices. This is the strategy through which it can offer products cheaper than other competitors.
Furthermore, this paper will discuss some proposed solutions to the current ethical issues facing Walmart that could assist Walmart in its objective of continued growth in an ethical and sustainable manner. One of the major ways in which Walmart was able to grow and out compete its rivals was through its ability to provide retail goods to consumers at prices lower than competitors (Ferrell 407). Walmart ability to keep prices low is based on its ability to secure cheaply made goods from foreign manufacturers while also keeping the wages for its workforce low. The combination of cheaply made goods and a low paid retail staff means that Walmart can pass the savings to consumers which made it a popular retail shopping spot for lower to middle income Americans
Environmental analysis of Wal-Mart includes the external environment factors that may affect the performance of Wal-Mart. Typically external environment includes competitors of Wal-Mart, the advantages and disadvantages of these competitors, the way that Wal-Mart distinguishes itself from its competitors and macro-economic factors that affect the performance of Wal-Mart. Wal-Mart is one of the largest retail companies in the world with more than $ 400 billion annual sales, 4,100 branches in the United States and 3,500 stores outside the U.S. (“External And Internal Environmental Analysis Of Wal-Mart”). In the year of 2009, Wal-Mart became the highest-volume grocery store in America, obtaining a 21 percent share of the grocery marke and almost
