Wal-Mart Stores Inc. operates in the retail and wholesale market in the US and internationally. The worlds largest sales company1 is headquartered in Bentonville, Arkansas, USA and has over 11,000 retail units under 71 banners in 27 countries. Walmart employs 2,2 million people worldwide.
Amongst other initiatives, Walmart is a member of The Sustainability Consortium (TSC), and the Consumer Goods Forum (CGF)2 but neither a member of the UN Global Compact nor the Voluntary Principles on Business and Human Rights. According to its 2014 Corporate Report, Walmart is committed to responsible sourcing3, however, Walmart has been implicated in various incidences of human rights and labour violations both related to suppliers and in its own operations. Due to this, currently 25 diverse investors and pension funds have chosen not to invest in Walmart, including the Norwegian Pension Fund Global4.
Investor information correct as at publication of Dirty Profits 3.
- Forbes (2014): The World’s biggest Public Companies (accessed 20.10.2014) [↩]
- Walmart (2014): Walmart 2014 Global Responsibility Report (accessed 20.10.2014) [↩]
- Walmart (2014): Responsible Sourcing (accessed 20.10.2014) [↩]
- Norwegian Pension Fund Global (2005): Council on Ethics recommendation on Walmart; 15 November (accessed 20.10.2014) [↩]