Walmart is the world’s largest retailer with more than 8,400 stores globally and is now considering going green. Walmart moves massive amounts of products and uses a lot of other resources to operate its business and now they are trying to transform itself into a company that is seen as environmental friendly. The first step of Walmarts three-phase plan was receiving information from its 100,000 suppliers about their greenhouse gas emissions, water waste reduction efforts and other details about business practices.
The second step of the phase was entering all the information into a database. The last phase of the plan was merging all the received information into an easily understood universal rating system.
This isn’t the companies first attempt towards being green. The most difficult part of walmarts previous environmental initiatives was persuading its suppliers to spend the time and money tracking and lessening their environmental impact, although Walmart did not forced the participation of their suppliers, Walmart made it clear that it was interested in doing business only with suplliers who had the same goal (being more environmental friendly).
Wal-Mart is now collaborating with with different kind of organizations. These organizations will advise Walmart and its suplliers in going green Question 1
What do you think of Walmart’s green initiatives? Will it ever be able to achieve the reputation of being environmentally friendly? As being globally known company, Wall-Mart should act in such ways and organizing such campaigns which must be in favor of its customers. The reputation and the good name of the company should be kept by initiatives such as this to go green and become environmentally friendly. It is a great decision as Wall-Mart has more than 8400 stores globally and uses massive amounts of power and resources to operate its business. So people know that this cause serious damage to the environment, especially that Wall-Mart is the world largest retailer and it should try to maintain a good reputation. The attempt to transform into an environmentally friendly company would be a really hard thing, but Wall-Mart is striving towards the achievement of this task. And it’s on the right track but it’s still a lot more to do. But if completing all its plans and achieve objectives then Wall-Mart could gain its reputation as being environmentally friendly. Question 2
Why do you think suppliers might be reluctant to be involved in this initiative? How might that reluctance to be addressed? Although it said supplier participation was not mandatory, does Wal-Mart appear to be “forcing” suppliers to participate? Because it is really expensive and time consuming for the suppliers to find out exactly what isn’t being done environmentally friendly in their factories, furthermore when the causes are known it’s going to take even more time and money to make those processes or machines environmentally friendly. And in the suppliers eyes that time and money could be better spend on other investments. This reluctance can be solved by making all the suppliers all see the common goal and this itself is important for the suppliers because they don’t want to be the first ones to take the initiative while the rest of them aren’t going to do it, since a lot of time and money is involved. Indirectly Walmart is forcing the suppliers to participate because if they don’t they will lose Walmart as a client and that could deal a heavy blow to their business, also it will hurt their company image and brand them not being environmentally friendly in worst scenario. Question 3
Why do you think it’s important for Wal-Mart to collaborate with other green-minded organizations? Our group thinks that other organizations can advise Wal-Mart and its suppliers and help in evaluating and measuring reductions, which is an advantage for Wal-Mart. The firm need guidance for going green. Up till now they had no concerns about polluting the environment and just worked up in their own way. They are facing new challenge- working with green-minded organizations. Moreover working with other suppliers that share the same goals makes it easier for Wal-Mart to negotiate and to work on one line. And in this case, they suppliers can examine the carbon lifecycle of the products for Wal-Mart if they share the same goals. Working with other green-minded organizations helps Wal-Mart to work more efficiently and easier towards being a more environmentally friendly company.
What could other organizations learn from Wal-Mart’s green initiatives? Going green is better for our planet, that’s why when an organization wants to go green it has to pay the costs- time and money. If a big company like Wall-mart that produced so much energy and products can go green than almost every company can do it is totally not impossible. Most companies should learn from Wal-Mart, because those initiatives cost a lot and it is time consuming. But if you can get your suppliers to cooperate like Wall-mart everything goes easier and everyone works together. If all the big companies would work together to get a more environmentally friendly company it would make things easier. The size of Wal-Mart as a company and its passion make their initiatives so successful as their suppliers are reliable on Wal-Mart to provide them with market and by setting standards for the suppliers Wal-Mart is making them to go green or loose a huge place on the market.
Cite this Wal-Mart’s Green Initiatives
Wal-Mart’s Green Initiatives. (2016, May 13). Retrieved from https://graduateway.com/wal-marts-green-initiatives/