WAL-MART ANNOUNCES GLOBAL RESPONSIBLE SOURCING INITIATIVE AT CHINA SUMMIT

Wal-Mart Stores, Inc. (NYSE: WMT) took the next step in its sustainability journey by hosting an unprecedented gathering of more than 1,000 leading suppliers, Chinese officials and NGOs in Beijing, China. The company outlined a series of aggressive goals and expectations to build a more environmentally and socially responsible global supply chain. “Sustainability is about building a better business. We think it is essential to our future success as a retailer — and to meeting the expectations of customers,” said Lee Scott, president and CEO of Wal-Mart Stores, Inc. “Maintaining the trust of our customers — today and in the future — is tied hand-in-hand with improving the quality of our supplier factories and their products.” continue reading