Investors have asked businesses for more consistent and relevant ESG information. Nobody wants an avalanche of data or — at the opposite end of the spectrum — high-level headlines; they want concrete facts regarding policies, practices and results relevant for the creation of shared value. We aim to set the standard for decision-useful reporting. This year, we have responded to investor requests for expanded disclosure in specific arenas (for example, public policy engagement and approach to nature). And we continue to aim for consistency and relevance through the structure of our 17 individual ESG issue briefs and approach to metrics (for example, clearer definitions and sharing progress for the last three fiscal years).
A Rose by Any Other Name…
Debates have intensified about terminology — ESG, stakeholder capitalism, inclusive capitalism, shared value, etc. — and whether all of this is just a passing fad. Our view is simple: A company’s long-term success depends on its performance on the societal issues most relevant to its business and stakeholders. We can’t have a strong business without the trust and engagement of customers, associates, suppliers, investors, civic partners, communities and a thriving planet. And the fundamentals of that are here to stay.
We remain optimistic. In Walmart communities around the world our customers, associates, suppliers and civic partners help one another live better every day in a million ways, big and small. Their engagement makes us a better company.
Click here to view the full summary report and the ESG issue briefs.