Lee Scott – Walmart CEO Unveils “Sustainability 360”
|By Chris Welch in Business | February 1, 2007|
Speaking as the keynote lecturer at the Prince of Wales’s Business and the Environment Programme Lee Scott unveiled the “Sustainability 360”.
“Sustainability 360 takes in our entire company – our customer base, our supplier base, our associates, the products on our shelves, the communities we serve,” said Scott. “And we believe every business can look at sustainability in this way. In fact, in light of current environmental trends, we believe they will and soon.”
As an example of this way of working, Scott also announced the company’s intention to introduce “Global Innovation Projects” – one of which is a challenge for Wal-Mart associates and suppliers to start thinking about how to remove non-renewable energy from the products the company sells.
“Perhaps the most far-reaching opportunity we have with our suppliers is a simple idea with potentially profound consequences,” said Scott. “Just think about this: What if we worked with our suppliers to take non-renewable energy off our shelves and out of the lives of our customers? We could create metrics and share best practices so our suppliers could make products that rely less and less on carbon-based energy.”
I have never been a fan of the Big Blue Box, in fact this announcement will not change my purchasing patterns. However, considering Walmart has millions of faithful customers, the overall affects of these efforts could make a big difference. What is your take?
link: Walmart Press Release