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(BPT) - Walmart aims to use its size for good. That’s why the world’s largest retailer believes in its approach to global responsibility: shared value. This means creating value for both business and society by increasing economic opportunity, encouraging environmental and social sustainability, and strengthening communities.
Here are just a handful of ways Walmart is helping change the world through shared value that may surprise you.
1. Tracking our food supply.
Through a highly sophisticated blockchain project, Walmart is helping to change how the world will someday track its food supply. For example, during a recent pilot, the company was able to trace the origin of sliced mangoes from farm to shelf in 2.2 seconds. Before that, it took seven days. The project is just one example of Walmart’s commitment to better track its food supply and promote greater supply chain transparency to its customers.
2. Changing how we read food labels.
Walmart and Sam’s Club worked with their private brand suppliers to convert to a “Best If Used By” expiration date label on packaging to help prevent food waste at home. Today, over 92 percent of its private brand products sold in the U.S. use the labeling. The initiative is part of Walmart’s Project Gigaton, which launched in 2017 and is striving to reduce emissions in product value chains — by a total of one gigaton by 2030.
3. Harvesting hope through hunger relief.
Since 2014, Walmart has donated more than 2.5 billion pounds of food from Walmart stores, Sam’s Club locations and distribution centers in the U.S. as part of the company’s commitment to provide 4 billion meals to people in need by 2020.
4. Standing with our neighbors in the face of disaster.
With devastating hurricanes hitting the continental U.S. and Puerto Rico in 2017, Walmart and the Walmart Foundation responded with $38 million to support immediate relief efforts to help neighbors, associates and communities recover.
5. Girl Power — sourcing from women-owned businesses.
In January 2017, Walmart completed an ambitious goal to source $20 billion from women-owned businesses in the U.S. in five years as part of its Women’s Economic Empowerment Initiative. Walmart continues to source and report sourcing from women-owned businesses to WEConnect International, a global network that connects women-owned businesses to qualified buyers around the world.
6. Redefining retail jobs through virtual reality.
Walmart associates use cutting-edge technology in handheld devices and virtual reality as part of the retailer’s Academies, a two- to six-week program of hands-on, immersive learning. The programs prepare associates for jobs as frontline hourly supervisors, department managers and assistant managers, teaching skills to empower them to advance their own careers through training and technology.
To learn more, visit corporate.walmart.com/2018grr.
Walmart 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 270 million customers and members visit our more than 11,700 stores under 65 banners in 28 countries and eCommerce websites. With fiscal year 2018 revenue of $500.3 billion, Walmart employs approximately 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.