07 Nov '11, 9pm

Walmart’s greenwash: Why the retail giant is still unsustainable

Sustainability as growth strategy by Stacy Mitchell Walmart’s growth has been go-go-go ever since it launched its sustainability initiative. Photo: Lone Primate Walmart adopted sustainability as a corporate strategy in 2005. It was struggling mightily at the time. Bad headlines stalked the chain, as its history of mistreating workers and suppliers finally caught up with it. One analysis found that as many as 8 percent of Walmart’s customers had stopped shopping at its stores. Grassroots groups were blocking or delaying one-third of its development projects. Stockholders were growing nervous. Between 2000 and 2005, Walmart’s share price fell 20 percent. As then-CEO Lee Scott told The New York Times , improving labor conditions would cost too much. It would also mean ceding some control to employees and perhaps even a union. Going green was a better option for repairing the ...

Full article: http://www.grist.org/article/series/2011-11-07-walmart-gr...

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