Walmart takes a shared value, whole-system approach to ESG. Their ESG initiatives aim to go beyond mitigating business risk. The company aims to address societal issues through business initiatives that create value for all stakeholders; and they seek, in collaboration with others, to transform underlying societal systems (such as retail workforce development and food supply chains) for long-term social, environmental and economic sustainability.
Global retailers and brands are increasingly demanding greater ethical accountability within their supply chains, including third-party social compliance audits. Not surprisingly, these companies want assurance that the organizations and individuals conducting these audits have the qualifications and integrity needed to do the job right.