This article discusses Walmart's commitment to perform ethically and contribute to economic development through its CSR program. It explores initiatives such as fighting hunger, education funding, environmental sustainability, women's economic empowerment, workforce development, and community partnerships.
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RUNNING HEAD: Professional ethics0 Professional ethics
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Professional ethics1 Walmart is the third biggest employer in the world and it has contributed largely to the economy. CSR is the continuing commitment of Walmart to perform ethically and add to the economic development through refining the quality of life of the employees, families, local public and people at large. The CSR program of Walmart is helping a lot of people in launching their career. It is even helping people to become self-sufficient. There is real intention to help women behind the programs. Walmart launched ‘Fighting hunger together’ in 2010 to strive people live in a better way. It commits $2 billion cash and in-kind obligation to terminate hunger. Education has a role in offering opportunities for a better life. Walmart Substance provides funding to people to gain access to education. Walmart foundation focuses on supporting individuals to comprehend how families and societies can live in a healthier way by using fewer natural resources. Environmental sustainability is focused by the company by growing healthy food in a viable way. The CSR policy of Walmart concentrates on women’s economic empowerment (Ni & Van Wart, 2015). The company’s global women’s economic enabling ingenuity aims to advance the lives of women in the global supply chain and worldwide. The company is assisting initiative over $100 million in allowances. The development of the workforce is promoted by the company. Living better denotes to the greater access to the opportunity (Grayson & Hodges, 2017). The company’s foundation supports initiatives which offer opportunities through job training, employment, career advancement and greater access to the resources which can help people to become self-sufficient. Walmart has even CSR for the special interests. The company has partnered with numerous organizations to create opportunities for the heroes. It helps communities around the globe to overcome natural disasters. Walmart endeavor to certainly impact universal supply chain practices through reliably nurturing standards. The company is associating with other brands, retailers,dealers, NGOs, and governments to search out the new and sustainable ways to improve working conditions. Walmart offers incredible benefits to the employees by engaging them in the form of volunteerism (Jackson, Doellgast & Baccaro, 2018). The corporate volunteerism enhances employee retention, engagement, and image of the company. On the other side, Walmart has taken initiative for waste. The company turns its garbage into the asset by throwing the stuff in a disciplined fashion. The company took initiative to divert 80% of the waste from the landfills and turn into a source of new revenue. Walmart has even reinvented its CSR to simplify the supply chain. The company deals directly with farmers and eliminated
Professional ethics2 middlemen. As a result, the company will be able to sell local food at lower prices and eliminate greenhouse gases produced by the global supply chain (Elder & Dauvergne, 2015). Walmart makes efforts to enhance the sustainability of the retail operations to address environmental and social issues in its product supply chains. The company’s retail opportunity initiative launched in 2015 directed at strengthening the transferability of skills of the retail workforce to make it easier for the workers to advance their career within and beyond Walmart.
Professional ethics3 References Elder, S. D., & Dauvergne, P. (2015). Farming for Walmart: the politics of corporate control and responsibility in the global South.The Journal of Peasant Studies,42(5), 1029- 1046. Grayson, D., & Hodges, A. (2017).Corporate social opportunity!: Seven steps to make corporate social responsibility work for your business. Routledge. Jackson, G., Doellgast, V., & Baccaro, L. (2018). Corporate Social Responsibility and Labour Standards: Bridging Business Management and Employment Relations Perspectives.British Journal of Industrial Relations,56(1), 3-13. Ni, A., & Van Wart, M. (2015). Corporate Social Responsibility: Doing Well and Doing Good. InBuilding Business-Government Relations(pp. 175-196). Routledge.