Wal-Mart needs to do more...
Besides being slammed for its misdeeds, the Bentonville
giant has had green related business issues as well. As exposed by McKinsey & Co., Wal-Mart had lost 8% of shoppers owing to poor environmental reputation. Finally, the company has decided to change, as Lee Scott, CEO, Wal-Mart roared, “This company is uniquely positioned. But we won’t be measured by aspirations. We will be measured by our actions...”
And to put promises to practice, Wal-Mart opened its first two ‘green’ stores in McKinney (Texas) & Aurora (Colorado), which consumed 20% less electricity generated by wind. The company also pledges to make all its existing stores 20% more energy efficient by 2012 as compared to 2005. It also announced a solar power project in 22 stores in May 2007 and pledged to increase fleet efficiency by 100% by 2015. It also plans to reduce solid wastes from its stores by 25% by 2009. The retailer is also encouraging organic products & plans to shell out $500 million for sustainability!
giant has had green related business issues as well. As exposed by McKinsey & Co., Wal-Mart had lost 8% of shoppers owing to poor environmental reputation. Finally, the company has decided to change, as Lee Scott, CEO, Wal-Mart roared, “This company is uniquely positioned. But we won’t be measured by aspirations. We will be measured by our actions...”And to put promises to practice, Wal-Mart opened its first two ‘green’ stores in McKinney (Texas) & Aurora (Colorado), which consumed 20% less electricity generated by wind. The company also pledges to make all its existing stores 20% more energy efficient by 2012 as compared to 2005. It also announced a solar power project in 22 stores in May 2007 and pledged to increase fleet efficiency by 100% by 2015. It also plans to reduce solid wastes from its stores by 25% by 2009. The retailer is also encouraging organic products & plans to shell out $500 million for sustainability!
B&E,4ps & IIPM Publication
For Complete IIPM Article, Click on IIPM Article
Source: IIPM Editorial, 2007
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
For Complete IIPM Article, Click on IIPM Article
Source: IIPM Editorial, 2007
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
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