ESG Oversight and Management

Leadership of ESG issues starts with our CEO—with oversight from committees of our Board of Directors—and cascades across our enterprise. Walmart’s Chief Sustainability Officer (CSO) helps define the ESG agenda and provides dedicated management and oversight of Walmart’s global ESG initiatives and goals through a team led by Walmart's Vice President, ESG. The CSO reports to our Executive Vice President, Corporate Affairs and updates the Walmart executive leadership team on ESG strategies and priorities.

At the Board level, the CSO provides updates on our ESG agenda and progress to the Nominating and Governance Committee of the Walmart Board at least annually. Additionally, Board committees have oversight responsibility for certain ESG priority issues. For example, the Audit Committee has oversight of our ethics and compliance program, cybersecurity, and information security; the Compensation and Management Development Committee has oversight of our human capital management strategies, including culture, diversity, and inclusion strategies, programs and initiatives; and the Nominating and Governance Committee has oversight of our social, community and sustainability initiatives, charitable giving, and legislative affairs and public policy engagement strategy.

Additional governance bodies include:

• ESG Steering Committee: Walmart’s ESG Steering Committee is a management committee that stays informed of ESG strategies and efforts and works to ensure enterprise-wide alignment on ESG management strategies and priority business initiatives. The Steering Committee typically meets biannually and is composed of leaders from functions that drive Walmart's strategies on priority ESG issues—including Ethics and Compliance, People, Global Public Policy and Government Affairs, and Sustainability (including climate strategy)—as well as leaders responsible for Walmart's corporate reporting, including the Office of the Corporate Secretary, the Controller’s Office, Investor Relations, and Global Audit.
• ESG Disclosure Committee: Formalizing established practice, Walmart's Disclosure Committee established an ESG Disclosure Committee in FY2023 to supervise, review, and monitor the preparation of ESG reports and information for publication. The ESG Disclosure Committee, as a subcommittee of the Walmart Disclosure Committee, is run by management and its members include the Chief Disclosure Officer; Chief Audit Executive; Senior Vice President, Investor Relations; Executive Vice President and Chief Sustainability Officer; Senior Vice President, Office of the Corporate Secretary, and Chief Counsel for Finance and Corporate Governance. Additional duties of the ESG Disclosure Committee include the approval and maintenance of information governance standards related to the production of ESG reports and information.