Walmart

Company Score

-0.26
Industry Food & Staples Retailing
Country United States
Year Added 2018
Impact Ratings 935
Impact Notes 25
SDG Covered 14 out of 17

Walmart Inc. is an American multinational retail corporation headquatered in Arkansas. It is a retailer and wholesaler that operates a chain of hypermarkets, department stores and grocery stores all with EDLP 'every day low prices.'

In 2019 Walmart reported revenue of US$514.405 billion making it the worlds largest company by revenue. Walmart and its other 'banners', all 59 of them, have over 11,300 stores and clubs in 27 countries. It employs 2.2 million people which also makes it the largest private employer in the world. The company operates under the name Walmart in the US and Canada, Walmart de México y Centroamérica in Mexico and Central America, Asda in the UK, the Seiyu Group in Japan, and as Best Price in India.

Read about Walmart and its impact below.

Impact notes

Reduced Inequalities

Walmart sees upward diversity trends with +7.42% management promotions for people of color

Profile HARPM
Icon time Fri Feb 19th, 2021 at 6:12pm

According to the Labor Force Statistics of the U.S. Bureau of Labor Statistics out of the total American workforce, a predominant 78% is white, with African American, Asian, and Hispanic populations representing only 12.1%, 6.4%, and 17.6% respectively for the year 20201. It is observed that employees of color, especially African Americans are facing obstacles to advance in their careers compared to other minorities and white women2. As reported by Mckinsey, the racial wealth gap, which is caused also by the racial inequality in the workforce has increased from $100,000 in 1992 to $154,000 in 2016 in the U.S., which by closing could increase the national GDP by 4-6% by 20288.

Affordable and Clean Energy

Walmart’s energy efficiency at retails stores is behind targets, uses 86% of non-renewable sources.

Profile Jennifer Tapia Boada
Icon time Mon Feb 15th, 2021 at 3:28pm

In 2019, the global energy consumption was 162.5tn kWh (13,975 Mtoe), the U.S.  consumes 15.8%1Retail buildings in the U.S. use ≈18.3 kWh of electricity per square foot2(18.3 kWh per 0.093 m2)

No Poverty

Walmart keeps its employees in poverty by paying below living wages

Profile Yukta D
Icon time Wed Feb 10th, 2021 at 2:49pm

The US workforce has about 157 million people1. About 1 in 9 workers in the US are paid wages that are insufficient to break the poverty loop, even after working full time2. In 2019, there were 34 million people in poverty in the U.S3In the U.S., 83% of workers reported suffering from work-related stress, causing 120,000 deaths and USD190 billion in healthcare costs yearly4.

Climate Action

Walmart has successfully reduced their GHG emissions by 93 million tonnes between 2017 and 2019

Profile Paushali Bhattacharya
Icon time Mon Nov 30th, 2020 at 9:12am

According to a report, the annual greenhouse gas emission levels on earth have risen by 41% since 19906. The global average of greenhouse gas (GHG) emissions is about 50 billion tCO2e per year7

Sustainable Cities and Communities

Walmart retains its brick-&-mortar stores despite a rising success in e-commerce

Profile Sandhyani.Borah
Icon time Fri Nov 27th, 2020 at 9:29am

The global e-commerce sector had a net worth of $3.5 trillion in 2019, and is estimated to reach $4.9 trillion by 20211. With everything being available on the internet, e-commerce provides a convenient platform for people to transact1. However, on the flip side, e-commerce has shut thousands of stores and rendered millions of people jobless2. According to a recent study, for every job created in e-commerce, four and a half traditional retail jobs are lost2.