Walmart Sustainable Production
Assignment
Sustainable Production
Submitted by:
Garima Sachan
Department of Fashion Technology
National Institute of Fashion Technology, Kangra
1st May ’2012
INTRODUCTION
* Wal-Mart Stores, Inc. (NYSE: WMT), branded as Walmart since 2008 and Wal*Mart before then, is an American multinational retailer corporation that runs chains of large discount department stores and warehouse stores. * The company is the world's 18th largest public corporation, according to the Forbes Global 2000 list, and the largest public corporation when ranked by revenue. * It is also the biggest private employer in the world with over two million employees, and is the largest retailer in the world. * The company is controlled by the Walton family which owns 48% stake in Wal-Mart
Wal-Mart towards sustainability and Indexes
2012 GLOBAL RESPONSIBILITY REPORT
The 2012 Global Responsibility Report highlights: * Performance of all their global markets; * Efforts taking place from an associate, environmental, and social responsibility perspective; * Walmart’s continued progress toward its three aspirational goals
Wal-Mart’s 3 aspirational goals
SUSTAINABILITY INDEX
Their customers desire products that are more efficient, last longer and perform better. They want to know the product’s entire lifecycle. They want to know the materials in the product are safe, that it is made well and is produced in a responsible way.
These desires inspired them to help develop the sustainability index. With this initiative, they are helping to create a more transparent supply chain, accelerate the adoption of best practices and drive product innovation and ultimately providing their customers with information they need to assess products’ sustainability.
The index is being introduced in three phases:
Step 1: Supplier Sustainability Assessment
They provided their more than 100,000 global suppliers with a brief survey to evaluate their own
Sustainable Production
Submitted by:
Garima Sachan
Department of Fashion Technology
National Institute of Fashion Technology, Kangra
1st May ’2012
INTRODUCTION
* Wal-Mart Stores, Inc. (NYSE: WMT), branded as Walmart since 2008 and Wal*Mart before then, is an American multinational retailer corporation that runs chains of large discount department stores and warehouse stores. * The company is the world's 18th largest public corporation, according to the Forbes Global 2000 list, and the largest public corporation when ranked by revenue. * It is also the biggest private employer in the world with over two million employees, and is the largest retailer in the world. * The company is controlled by the Walton family which owns 48% stake in Wal-Mart
Wal-Mart towards sustainability and Indexes
2012 GLOBAL RESPONSIBILITY REPORT
The 2012 Global Responsibility Report highlights: * Performance of all their global markets; * Efforts taking place from an associate, environmental, and social responsibility perspective; * Walmart’s continued progress toward its three aspirational goals
Wal-Mart’s 3 aspirational goals
SUSTAINABILITY INDEX
Their customers desire products that are more efficient, last longer and perform better. They want to know the product’s entire lifecycle. They want to know the materials in the product are safe, that it is made well and is produced in a responsible way.
These desires inspired them to help develop the sustainability index. With this initiative, they are helping to create a more transparent supply chain, accelerate the adoption of best practices and drive product innovation and ultimately providing their customers with information they need to assess products’ sustainability.
The index is being introduced in three phases:
Step 1: Supplier Sustainability Assessment
They provided their more than 100,000 global suppliers with a brief survey to evaluate their own