Wal-Mart Stores, Inc. - Walmart Announces Sustainable Product Index
Store Finder | FAQs | Contact Us
Facts & News
Health & Wellness
Community & Giving
Home > Facts & News > News Room > Walmart Announces Sustainable Product Index
Facts & News Most Recent Stories Wal-Mart in the News
Walmart Announces Sustainable Product Index
News By Topic Mike Duke Health Care Merchandising Charitable Giving Sustainability Financial Economic Opportunity
Employment and Diversity
Index will drive higher quality, lower costs and measure sustainability of products for first time
BENTONVILLE, Ark., July 16, 2009 – Walmart today announced plans to develop a worldwide sustainable product index during a meeting with 1,500 of its suppliers, associates and sustainability leaders at its home office. The index will establish a single source of data for evaluating the sustainability of products.
Sust. Index Fact Sheet 15 Questions for Suppliers Mike Duke Remarks Watch the speakers
My Content: Login | Signup
Think About This:
Flat screen television sets sold at Walmart will be 30 percent more energy efficient by 2010.
Mike Duke Sustainability Milestone Meeting speech
International Operations Store Openings Associate Benefits Disaster Relief More topics
“Customers want products that are more efficient, that last longer and perform better,” said Mike Duke, Walmart’s president and CEO. “And increasingly they want information about the entire lifecycle of a product so they can feel good about buying it. They want to know that the materials in the product are safe, that it was made well and that it was produced in a responsible way.
Media Resources Press Releases & Stories Photos & Images Video Center RSS Feeds
“We do not see this as a trend that will fade. Higher customer expectations are a permanent part of the future,” Duke continued. “At Walmart, we’re working to make sustainability sustainable, so that it’s a priority in good times and in the tough times. An important part of that is developing the tools to help enable sustainable consumption.”
State by State
What People are Saying
The company will introduce the initiative in three phases, beginning with a survey of its more than 100,000 suppliers around the world. The survey includes 15 questions that will serve as a tool for Walmart’s suppliers to evaluate their own sustainability efforts. The questions will focus on four areas: energy and climate; material efficiency; natural resources, and; people and community. (Editors: for a list of the questions, photos of today’s meeting and a fact sheet go to walmartstores.com/milestone.)
“The survey will include simple but powerful questions covering familiar territory, such as the location of our suppliers’ factories, along with new areas like water use and solid waste,” said John Fleming, chief merchandising officer, Walmart U.S. “The questions aren’t complicated but we’ve never before systematically asked for this kind of information. The survey is a key first step toward establishing real transparency in our supply chain.”
Fleming also said the company will ask its top tier U.S. suppliers to complete the survey by Oct. 1. Outside the United States, the company will develop timelines on a country-by-country basis for suppliers to complete the survey.
Sustainability Product Index: 15 Questions for Suppliers
Sustainability Index Fact Sheet Remarks as Prepared for Mike Duke
Sustainability Milestone Meeting
Green Jobs Council overview
Bill McDonough Global Sustainability Milestone Meeting Slides - Jan 31, 09
Global Sustainability Milestone Meeting Slides - Jan 31, 09
As a second step, the company is helping create a consortium of universities that will collaborate with suppliers, retailers, NGOs and government to develop a global database of information on the lifecycle of products -- from raw materials to disposal. Walmart has provided the initial funding for the Sustainability Index Consortium, and invited all retailers and suppliers to contribute.
The company will also partner with one or more leading technology companies to create an open platform that will power the index.
“It is not our goal to create or own this index,” said Duke. “We want to spur the development of a common database that will allow the consortium to collect and analyze the knowledge of the global supply chain. We think this shared database will generate opportunities to be more innovative and to improve the sustainability of products and processes.”
The final step in developing the index will be to translate the product information into a simple rating for consumers about the sustainability of products. This will provide customers with the transparency into the quality and history of products that they don’t have today.
About Wal-Mart Stores, Inc. Wal-Mart Stores, Inc. (NYSE: WMT), or “Walmart,” serves customers and members more than 200 million times per week at more than 7,900 retail units under 62 different banners in 15 countries. With fiscal year 2009 sales of $401 billion, Walmart employs more than 2.1 million associates worldwide. A leader in sustainability, corporate philanthropy and employment opportunity, Walmart ranked first among retailers in Fortune Magazine’s 2009 Most Admired Companies survey. Additional information about Walmart can be found by visiting www.walmartstores.com. Online merchandise sales are available at www.walmart.com and www.samsclub.com.
July 2009 Milestone Meeting - Sustainability Index
John Fleming, EVP and Chief Merchandising Officer, talks about the Sustainability Index and our efforts to accelerate and broaden sustainability with a concrete example of lifecycle thinking.
Next Featured Video
See all videos
Remarks as Prepared for Mike Duke,
http://walmartstores.com/FactsNews/NewsRoom/9277.aspx[7/17/2009 2:21:01 PM]