Walmart has reported on a wide range of ESG issues since 2005. Our reporting is focused on our priority ESG issues—those that we believe are the most relevant to our business and important to our stakeholders.
Beginning in 2021, our reporting has centered around a series of ESG issue briefs covering each of Walmart’s priority ESG issues in depth. Each brief covers our aspiration and strategy with respect to that issue, the relevance of the issue to business and society, our key goals and metrics, and our progress to date. Each issue brief notes the date on which it was most recently updated and the relevant period covered by data, metrics, and claims made therein. Fiscal Years run from February 1 to January 31 and are denoted by “FY” (e.g., FY2022 is the fiscal year ending January 31, 2022). Calendar years (CY) are noted in four-digit format.
In 2022 we have also published an Annual Summary, which provides an overview of our shared value approach to ESG, ESG priorities, and key highlights from FY2022.
Our reporting is guided by frameworks such as the Sustainability Accounting Standards Board (SASB), the Task Force on Climate-related Financial Disclosures (TCFD), Global Reporting Initiative (GRI) Standards, and the United Nations (U.N.) Sustainable Development Goals (SDGs). We also report through programs such as CDP, a global environmental disclosure system.
All references to “Walmart” in our ESG reporting are to Walmart Inc., a Delaware corporation and its consolidated subsidiaries that were subsidiaries during the reporting period, excluding all acquired eCommerce subsidiaries, businesses, platforms and/or marketplaces, unless otherwise noted. Financial information referenced in our ESG reporting reflects the scope of the Walmart Inc. consolidated financial statements, unless otherwise noted. This report also covers some activities of the Walmart Foundation, a separately incorporated Delaware charitable private foundation. "Walmart.org" is used to refer to the collective philanthropy of Walmart Inc. and the Walmart Foundation.
As discussed in Walmart’s FY2021 and FY2022 annual reports on Form 10-K, the COVID-19 pandemic impacted Walmart’s business in many ways throughout each fiscal year, including through net sales growth and strong comparable sales in a majority of our markets, pandemic-related costs, changes in customer shopping patterns, and employment trends. These trends impacted some of the results reported in our ESG reporting. As the pandemic and related trends evolve in FY2023 and beyond, impacts on Walmart’s business may also evolve.
We sought and received external assurance from a third party with respect to certain emissions information included in our reporting. We did not seek or receive external assurance from third parties with respect to other information, although in certain instances third parties assisted in the process of collecting, analyzing, and calculating information presented.
This ESG reporting contains certain forward-looking statements based on Walmart management’s current assumptions and expectations, including statements regarding our ESG targets, goals, commitments and programs and other business plans, initiatives, and objectives. These statements are typically accompanied by the words “aim,” “hope,” “believe,” “estimate,” “plan,” “aspire” or similar words. All such statements are intended to enjoy the protection of the safe harbor for forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Our actual future results, including the achievement of our targets, goals or commitments, could differ materially from our projected results as the result of changes in circumstances, assumptions not being realized, or other risks, uncertainties and factors. Such risks, uncertainties and factors include the risk factors discussed in Item 1A of our most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission (“SEC”), as well as, with respect to our ESG targets, goals, and commitments outlined in this reporting or elsewhere, the challenges, assumptions, and dependencies identified in our ESG Issue Briefs under the heading Challenges and other assumptions, risks, uncertainties and factors identified in our reporting. We urge you to consider all of the risks, uncertainties and factors identified above or discussed in such reports carefully in evaluating the forward-looking statements in our reporting. Walmart cannot assure you that the results reflected or implied by any forward-looking statement will be realized or, even if substantially realized, that those results will have the forecasted or expected consequences and effects. The forward-looking statements in our reporting are made as of the effective date identified on the issue brief, unless otherwise indicated, and we undertake no obligation to update these forward-looking statements to reflect subsequent events or circumstances.