G3-PR3 Accessible information to product impacts on labeling
G3-PR4 Non-compliance with voluntary codes concerning product information and labeling
| · Environmental Responsibility | · Sustainability |
| · Child Labor | · Human Rights |
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| Headquarters | Bentonville, Arkansas, USA |
| CEO | H. Lee Scott |
| Total Revenue | $351.1 billion USD |
| Net Income | $11.3 billion USD |
| Ownership Structure | Public Corporation |
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Wal-Mart, the world’s largest retailer, announced today that it is developing a universal rating system to calculate the social and environmental impact of every product on its shelves.
The rating system will be developed over the next 5 years, and the company is hopeful that other retailers will adopt the system. If they do, it could result in a universal sustainability rating system for consumer products. Think of this as a nutrition-label for non-food items.