Wal-Mart CEO Leads Quarterly Sustainability Network Meeting

Focuses on Climate Change and Impact on Supply Chain;
Working with Suppliers, Academics, Politicians, and other Business Leaders

 

BENTONVILLE, Ark. , July 12, 2006 As part of its ongoing commitment to sustainability, Wal-Mart Stores, Inc. CEO Lee Scott today welcomes Lorraine Bolsinger of GE, Stewart Muller of Philips Consumer Electronics, Christina Norman of MTV, and hundreds of suppliers and company associates to Bentonville to discuss the issue of climate change. During the company’s Sustainable Value Network meeting, Scott will lead a discussion about how Wal-Mart, working closely with suppliers, academics, NGOs, politicians and other business leaders, can affect change at all levels of the supply chain.

“We are all passionate about making real progress regarding the environment,” said Scott.  “By working together, we can help each other save money, reduce greenhouse gas emissions and pass the savings on to our customers.  Sustainability is good for the environment, and it’s also good for business.”

The meeting will include presentations from representatives of the Rocky Mountain Institute and other leaders in the environmental field, as well as discussions with Wal-Mart suppliers on how sustainability can impact the supply chain and benefit the customer. 

Steve Varon, President of Dana Undies, will discuss how his company is working with Wal-Mart on energy efficiency initiatives, and as a result, has been able to significantly reduce their energy costs.  And GE and Wal-Mart are exploring ways to promote efficient lighting, especially LEDs and compact fluorescent light bulbs (CFLs). 

Each of Wal-Mart’s 14 Sustainable Value Networks – the teams responsible for managing the sustainability of the various aspects of the business, such as packaging, global logistics, apparel, and seafood – will provide updates and share lessons learned regarding their efforts to improve the company’s carbon footprint.

Others who participated in this meeting include former Vice President Al Gore; Jim Ball, Executive Director of the Evangelical Environmental Network; Edward Shirley, President of Procter & Gamble North America; Paul Rice, CEO of TransFair USA; Rich Noll, CEO of Sara Lee Apparel; and John Lesher, President of Paramount Classics.

About Wal-Mart Stores, Inc.
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, supercenters, Neighborhood Markets and SAM’S CLUB locations in the United States .  The company has operations in Argentina , Brazil , Canada , China , Costa Rica , El Salvador , Germany , Guatemala , Honduras , Japan , Mexico , Nicaragua , Puerto Rico and the United Kingdom .  The company’s securities are listed on the New York Stock Exchange and NYSE Arca, formerly the Pacific Stock Exchange, under the symbol WMT.  More information about Wal-Mart can be found by visiting www.walmartfacts.com. Online merchandise sales are available at www.walmart.com.

 

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