Wal-Mart CEO Announces New Environmental Strategy

LONDON -- As the keynote lecturer at the Prince of Wales Business and the Environment Program here, Lee Scott, president and chief executive officer, Wal-Mart Stores, yesterday unveiled the company's latest environmental initiative.

LONDON -- As the keynote lecturer at the Prince of Wales Business and the Environment Program here, Lee Scott, president and chief executive officer, Wal-Mart Stores, yesterday unveiled the company‘s latest environmental initiative. Dubbed “Sustainability 360,” the initiative represents a companywide emphasis on taking sustainability beyond reducing the company‘s direct environmental footprint to engaging Wal-Mart‘s associates, suppliers, communities and customers. “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 approach, 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 components from the products the company sells.