You are on page 1of 6

WALMART INC.

WALMART INC is an
American multinational retail corporation that operates
a chain of hypermarkets, discount department stores,
and grocery stores. Headquartered in Bentonville, Arkansas, the
company was founded by Sam Waltonin 1962
and incorporated on October 31, 1969. It also owns and
operates Sam's Club retail warehouses. As of January 31, 2018,
WALMART has 11,718 stores and clubs in 28 countries, operating
under 59 different names.
Walmart is the world's largest company by revenue—
over US$500 billion, according to Fortune Global 500 list in
2018—as well as the largest private employer in the world with
2.3 million employees. It is a publicly traded family-owned
business, as the company is controlled by the Walton family. Sam
Walton's heirs own over 50 percent of Walmart through their
holding company, Walton Enterprises, and through their
individual holdings. Walmart was the largest U.S. grocery retailer
in 2016, and 62.3 percent of Walmart's US$478.614 billion sales
came from U.S. operations.
Wal-Mart India Private Limited (“Walmart India”) is the wholly
owned subsidiary of Walmart Inc., the world’s leading retailer
renowned for its efficiency and expertise in logistics, supply
chain management and sourcing. Walmart entered India in 2007
and opened its first store in India in Amritsar, Punjab on 29th
May, 2009. In 2013, Walmart India became a wholly owned
subsidiary of Walmart Inc.
AIM OF THE COMPANY

Aim of Walmart is to use their strengths and collaborate with


others to transform the systems on which they all rely, including
advancing their ambitious commitments and goals within the
priority areas of opportunity, sustainability and community. They
believe that their work in these areas is not only beneficial for
their business bottom line, but also creates shared value for
customers and society.

Beyond producing a whole systems change and shared


value, their approach to global responsibility also underscores
the importance of true integration into their core business,
drawing upon our core capabilities and strengths, and collective
action through collaboration with supplier and industry partners,
and key stakeholders.
FUTURE GOALS
CURRENT SITUATION

OPPORTUNITY
Walmart employs 2.2 million associates around the world. About
75% of our store management teams started as hourly
associates, and they earn between $50,000 and $170,000 a
year. Walmart is investing $2.7 billion over two years in higher
wages, education and training.

FINANCIAL
For the fiscal year ended January 31, 2018, Walmart's total
revenue was $500.3 billion. See our quarterly earnings
results and annual reports for more financial information.

EXECUTIVE LEADERSHIP
The CEO of Walmart is Doug McMillon. The Chairperson of our
Board of Directors is Greg Penner. Learn more about our
Executive Management team and Board of Directors on
our Leadership page. Find recent speeches from top
management in our Leadership Spotlight.
PREAMBLE

As responsible corporate citizen, Wal-Mart India Private


Limited and WM India Technical and Consulting Services
Private Limited (individually referred to as the “Company”)
strive to improve the quality of life for the community, its
associates and its members through financial contributions,
in-kind donations and volunteerism. In India, our Corporate
Social Responsibility (“CSR”) objective is to empower
communities thereby fostering inclusive growth by
supporting initiatives focused on enhancing opportunities.

The Company has adopted an integrated approach towards


CSR that include the following:
 Ensuring all charitable partners and programs are pre-
approved by the Company’s Anticorruption Team and
Corporate Affairs Team and are compliant with all
applicable laws including but not limited to the Foreign
Contribution Regulation Act, 2010 and the U.S. Foreign
Corrupt Practices Act, 1977;
 Ensuring all charitable activities are pre-approved by Anti-
Corruption Team and Corporate Affairs;
 Creating a better quality of life for the beneficiaries of the
Company’s CSR initiatives and ensuring long-term,
sustainable support for chosen beneficiaries;
 Encouraging the involvement of associates of the Company
in CSR activities, wherever possible.
OBJECTIVES OF CSR POLICY

The objective of the CSR Policy is to enable the associates


of the Company and all other parties to understand the
priorities of the Company towards its CSR initiatives.

The CSR efforts of the Company currently focus on the


following areas:

 Skills Training & Education.

 Sustainable Agriculture: Direct Farm (Productivity and


Income enhancement of farmers).

 Women’s Economic Empowerment: Community


Development.

 Any other local requirement subject to CSR committee’s


approval.

 Any other program relevant to the Best Price Modern


Wholesale stores of the Company.