Where do people go when they are looking to purchase
something, but are unsure which store to go to? Where do people go for last
minute Christmas gifts? Where do people go to complete all their shopping in
one convenient location? Wal-Mart! Wal-Mart! Wal-Mart!
Ever since before Wal-Mart opened its doors to the public in
1962, founder Sam Walton’s focus was to get a higher-volume of sales by selling
products at lower prices, and to pass the savings onto the customers. To this
day Wal-Mart’s focus is still to provide quality products to the customer at
the lowest prices possible.
Wal-Mart is a discount department/warehouse store chain is
the 3rd largest corporation in the world, the biggest private
employer, and is the largest retail business in the world. There are currently
8500 stores operating in 15 countries, and over 2.2 million people employed
with them. Since it’s establishment, the company has made a revenue of over 446
billion dollars.
Wal-Mart is a huge company with huge responsibilities, and a
large ecological footprint, so they have
implemented many goals and guidelines in order to become a more sustainable
company. It’s main focuses are on the
Environment, People, Ethical Sourcing, and the Community.
The environment is a key aspect when it comes to a business
being corporately responsible. In order to reduce their impact on the
environment, Wal-Mart is reducing waste, to decrease the amount of waste going
to landfills. 10000 tonnes of organic waste was diverted from the landfill in
2011.
In order to get closer to reaching their goal of being
supplied with 100% renewable energy, they invested 2 million dollars to test
how well solar power and energy could be harnessed.
In Milton, Wal-Mart installed an 80-foot tall wind turbine
to help generate power for the store. It is expected to produce around 35000
kilowatt hours per year.
One of the major ways Wal-Mart diverts waste from the
landfill was by introducing the Ecolo-Vial. The Ecolo-Vial is a medicine vial
that is 100 percent recyclable, used in the stores pharmacy. These vials use 53% less packaging than the
original ones, and eliminate the use of over 100000 plastic bags, which the
vials were previously shipped in.
These are only a few of the procedures implemented by
Wal-Mart to become a more corporately responsible and sustainable business. If
a big company like that is practising corporately responsible methods, it
should pave the way for smaller businesses to follow.
http://www.walmartcsr.ca/images/pdfs/CSR_E.pdf
http://www.walmartcsr.ca/images/pdfs/CSR_E.pdf
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