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Environmental, Social and Governance FY2021 Summary Contents About our reporting 3 Sustainability 19 Year at a glance 5 Sustainable product supply chains 20 Climate change 22 Our leadership 7 Waste: Circular economy 24 A message from our CEO 7 Regeneration of natural resources: A message from our CSO 8 Forests, lands, oceans 26 Our company 9 People in supply chains 29 Stakeholders 9 Community 30 Corporate purpose 10 COVID‑19 response 31 Transforming our business: Becoming an Providing safer, healthier food & omni‑channel, regenerative company 11 other products 33 Our approach to ESG 12 Ethics & integrity 34 Creating shared value 12 Highest standards of ethics & compliance 35 ESG priorities 12 Good corporate governance 35 Management of ESG 13 Engagement in public policy 36 Stakeholder engagement 13 Digital citizenship: Ethical use of data & responsible use of technology 36 Opportunity 14 Human rights 37 Human capital: Good jobs & advancement for associates 15 Equity & inclusion at Walmart & beyond 17 Supplier opportunity 18 Additional ESG reporting resources Click to find resources on our ESG website 2 About our reporting Walmart has reported on a wide range of ESG issues since 2005. Our reporting is focused on our priority ESG issues — those that we believe are the most relevant to our business and important to our stakeholders. This Annual Summary provides an overview of our except for financial data, it otherwise excludes shared value approach to ESG, ESG priorities, and key all acquired eCommerce subsidiaries, businesses, highlights. The Annual Summary covers our activities platforms and/or marketplaces, unless otherwise during the fiscal year ending January 31, 2021 noted. This report also covers some activities (FY2021), except as otherwise noted. Calendar years of the Walmart Foundation, a separately (CY) are marked as such or written in a four‑digit incorporated Delaware charitable private foundation. format. In addition to this Annual Summary, beginning Walmart.org is used to refer to the collective in 2021, our reporting is centered around a series of philanthropy of Walmart Inc. and the Walmart issue briefs covering each of Walmart’s priority ESG Foundation. issues in depth. Each brief covers our aspiration and As discussed in Walmart’s March 2021 annual report strategy with respect to the issue, the relevance of on Form 10‑K, the COVID‑19 pandemic impacted the issue to business and society, our key goals and Walmart’s business in many ways throughout FY2021, metrics, and our progress to date. These briefs will including through net sales growth and strong be updated from time to time and may not align with comparable sales in many markets, pandemic‑related particular fiscal year reporting periods. costs, changes in customer shopping patterns, and Our reporting is guided by frameworks such as employment trends. As the pandemic and related the Sustainability Accounting Standards Board trends evolve in FY2022 and beyond, impacts on (SASB), the Task Force on Climate‑related Financial Walmart’s business may also evolve. Disclosures (TCFD), Global Reporting Initiative (GRI) We sought and received external assurance from standards, and the United Nations (U.N.) Sustainable a third party with respect to certain emissions Development Goals (SDGs). We also report through information reported in this Annual Summary. We programs such as CDP, a global environmental did not seek or receive external assurance from third disclosure system. parties with respect to other information, although in “Walmart” means Walmart Inc., a Delaware certain instances third parties assisted in the process corporation, and its consolidated subsidiaries of collecting, analyzing and calculating information that were subsidiaries during the reporting period; presented in this Annual Summary. 3 Forward‑looking statements This ESG reporting contains certain forward‑ Securities and Exchange Commission (“SEC”), looking statements based on Walmart as well as, with respect to our ESG targets, goals management’s current assumptions and and commitments outlined in this reporting expectations, including statements regarding our or elsewhere, the challenges, assumptions ESG targets, goals, commitments and programs and dependencies identified in our ESG issue and other business plans, initiatives and objectives. briefs under the heading Challenges and other These statements are typically accompanied by the assumptions, risks, uncertainties and factors words “aim,” “hope,” “believe,” “estimate,” “plan,” identified in our reporting. We urge you to consider “aspire” or similar words. All such statements are all of the risks, uncertainties and factors identified intended to enjoy the protection of the safe harbor above or discussed in such reports carefully in for forward‑looking statements within the meaning evaluating the forward‑looking statements in of Section 21E of the Securities Exchange Act this report. Walmart cannot assure you that the of 1934, as amended. Our actual future results, results reflected or implied by any forward‑looking including the achievement of our targets, goals statement will be realized or, even if substantially or commitments, could differ materially from realized, that those results will have the forecasted our projected results as the result of changes in or expected consequences and effects. The circumstances, assumptions not being realized, forward ‑looking statements in our reporting or other risks, uncertainties and factors. Such are made as of the effective date identified on risks, uncertainties and factors include the risk the issue brief, unless otherwise indicated, and factors discussed in Item 1A of our most recent we undertake no obligation to update these Annual Report on Form 10‑K and subsequent forward‑looking statements to reflect subsequent quarterly reports on Form 10‑Q filed with the events or circumstances. Reporting resources Click to find resources on our ESG website 4 YEAR AT A GLANCE FY2021 Opportunity Sustainability + Committed to help protect, manage or restore at least $19.50 >300,000 >$2.8 billion Targeted zero emissions 50 million acres of land and 2 Average total hourly U.S. associates in bonuses paid — without offsets — across the company’s global 1 million square miles of ocean compensation in to U.S. hourly operations by 2040 by 2030 promoted to jobs of higher pay the U.S.1 associates3 and greater responsibility 12.1% reduction Estimated 36% in scopes 1 and 2 of our global electricity needs emissions (CY2015–CY2019)6 were supplied by renewable sources in 20207 $100 million U.S. management over 5 years promotions went to4 >$13 billion 19% decrease 81% of waste in goods and services sourced committed by Walmart and the 46% women in carbon intensity per diverted from landfills and from ~2,900 diverse suppliers 8 9 Walmart Foundation to create 5 revenue (FY2016–FY2020) incineration globally (CY2020) the Center for Racial Equity 39% people of color for our U.S. businesses ~95,000 associates 290,000 college credits completed >186 MMT of CO2e trained through worth an estimated $123 million completed by associates avoided by suppliers in CY2020 through Project GigatonTM for a cumulative 10 Walmart Academy at the end of 2020 through Live Better U total of more than 416 MMT of CO2e avoided since 2017 5 Community Ethics & integrity Supported >$43 million >500 COVID‑19 given by Walmart and the Walmart Foundation 5 Board nominees testing sites to support COVID‑19 response efforts around appointed in last 5 years, 3 of whom are women in the U.S. the world and/or racially/ethnically diverse11 98% overall attendance rate at Board and Board committee meetings >$1.4 billion >500,000 in cash and in‑kind donations 25% 17% new associates 11 11 globally from Walmart and the female racially/ethnically diverse hired in the U.S. Walmart Foundation >745 million pounds of food >942,000 Published updated donated by Walmart globally in 2020, with more than >627 million pounds + associates received Code of Conduct and donated by Walmart stores, clubs and distribution centers in the U.S. ethics training Standards for Suppliers rd th 2020 Climate A list — ranked 22 in 2021 Top 50 Companies 3 ranked no. 9 — 6 Awards nd consecutive year consecutive year 2 consecutive year • No. 8 Top Companies for Talent Acquisition for Women of Color on the list • No. 6 Top Companies for LGBTQ Employees 6 Our leadership A message from our Chief Executive Officer As always, the world is full of opportunities which continue today. As a result, we fulfilled more we set a goal last fall to become a regenerative and challenges. And as you know, the past year online pickup and delivery orders than ever. We company — one that restores, renews and presented a number of new problems — large implemented measures to protect shoppers and replenishes. While we decarbonize our operations and small — to be solved. We face a long list of each other. We kept our supply chain moving and and eliminate waste, we’ll also protect, manage and social and environmental challenges in addition launched COVID‑19 testing and vaccination sites. restore nature and advance prosperity and equity to the health and accompanying economic crisis And we offered a sense of normalcy with a warm for the people who participate in our product and their impact around the world. Just as we greeting — albeit a socially distant one — when supply chains. This concept of regeneration will help are in any “normal” year — if there ever is such a people craved it most. shape our approach to shared value going forward. thing — Walmart was guided by a desire to serve The murder of George Floyd was a snapshot of When we put the size of Walmart to work for all all of our stakeholders: customers, associates, centuries of prejudice and injustices our Black and of our stakeholders, we make a difference for the shareholders, suppliers, communities and the African American communities have faced, and it people, communities and planet we serve. And planet.
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