Executive Briefings

Wal-Mart Stores CEO Touts Company's Sustainability Initiatives

The impact of Wal-Mart's commitment to sustainability "will be global and make a difference with products sold around the globe," says company president and CEO Mike Duke.

By the end of 2017, he says, Walmart will buy 70 percent of the goods it sells in U.S. stores and in U.S. Sam's Clubs only from suppliers in the United States, China and around the world who use the the retailer's sustainability index to evaluate and share the sustainability of their products.

In addition, next year Wal-Mart Stores will use the index to influence the design of its U.S. private brand products.

The Walmart Foundation also will grant $2m to fund The Sustainability Consortium (TSC) and assist in its efforts in launching TSC in China. TSC is an independent research organization.

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By the end of 2017, he says, Walmart will buy 70 percent of the goods it sells in U.S. stores and in U.S. Sam's Clubs only from suppliers in the United States, China and around the world who use the the retailer's sustainability index to evaluate and share the sustainability of their products.

In addition, next year Wal-Mart Stores will use the index to influence the design of its U.S. private brand products.

The Walmart Foundation also will grant $2m to fund The Sustainability Consortium (TSC) and assist in its efforts in launching TSC in China. TSC is an independent research organization.

Read Full Article