Walmart Accelerates Action in FY2022 ESG Summary Report
Walmart has issued its FY2022 ESG Summary Report and accompanying ESG issues briefs which outline its commitments and progress toward becoming a regenerative company that puts nature and humanity at the center of its business practices. Walmart has focused its efforts across four key pillars: creating opportunity, advancing sustainability, strengthening communities and upholding the highest standards of ethics & integrity. This past year, the company continued to accelerate action across these pillars and spark systemic change across the retail industry and beyond.
Below, are some key data points from the summary, including:
Creating Opportunity
- Walmart continues to invest in higher pay for its associates, increasing its average hourly wage to over $16.50 as of the end of FY2022. In Q1 FY2023, the average hourly wage for Walmart associates in the U.S. was over $17 per hour.
- In FY2022, ~45% of U.S. management promotions were earned by women and ~40% were earned by people of color.
- In FY2022, Walmart sourced more than $13.3 billion in goods and services from ~2,600 diverse suppliers for its U.S. businesses.
- Walmart's Live Better U program now pays for 100% of college tuition and books for program enrollees as of August 2021. A total of 72,000 associates have enrolled in the program since its launch in 2018.
Advancing Sustainability
- Walmart has crossed the halfway mark towards achieving its Project Gigaton™ goal to reduce or avoid one billion metric tons of greenhouse gas emissions from its global value chain by 2030. To date, suppliers report having reduced or avoided more than 574 million metric tons of supply chain emissions. Since 2017, more than 4,500 suppliers have engaged in Project Gigaton.
- Walmart raised $2 billion through its first green bond issuance to finance and advance its sustainability goals including renewable energy, zero waste, circular economy and sustainable transportation projects.
Strengthening Communities
- With 90% of U.S. homes being within 10 miles of a Walmart, Walmart has served as a critical access point for COVID-19 vaccines, especially for medically underserved communities, where Walmart has administered 80% of its vaccines.
- Since 2006, Walmart stores, clubs and distribution centers have donated more than 7 billion pounds of food.
Read the full summary for more detail on these initiatives and many more across the company, and take a look at Walmart's individual ESG briefs on issues like climate change; human capital; equity and inclusion; and safer, healthier food and other products, more of which you can find here.
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