News last update:6 Aug 2012

Wal-Mart favours sustainable suppliers

The chief executive of the world's biggest retailer Wal-Mart will favour suppliers providing high quality and ethically sourced products, foodproductiondaily.com reports.

Wal-Mart will launch a major retail-industry effort to improve social, ethical and environmental standards in the factories of its suppliers, CEO and president Lee Scott told a meeting of store managers. But the firm will also raise the bar for suppliers on sustainable sourcing, putting pressure on them to provide evidence that they are meeting ethical and quality criteria.

Supplier agreements
Wal-Mart says it is already demanding that some of its suppliers demonstrate that their factories meet specific environmental, social and quality standards and this will increase in coming years. It will also make certification and compliance part of its supplier agreements and ask suppliers to report on their activities regularly. 

Energy reduction
Furthermore, Wal-Mart also spoke out that it will reduce the energy use with 25% on products sold in the store. Wal-Mart plans to increase its sourcing of products that are more energy efficient but also more affordable. Coming months will see the US retailer asking suppliers to reduce prices on energy-saving items, with the goal of doubling the sale of products that help make homes more energy efficient, according to the chief executive.

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