Wal-Mart, a global icon and arguably the largest retailer chain in our current world is setting an example for other corporations.
Recently during the Sustainability Summit held by Wal-Mart in Brazil, the retailing giant announced that their supply chains are forbidden to have slave labor, soybeans from illegal deforested areas, and meat from newly cleared Amazonian land. Not only did they sign the agreement, they also invited 20 other global corporations such as PepsiCo, Johnson&Johnson and P&G to sign it as well. Wal-Mart does not have the greatest of reputation among corporations.
People assume they are one those “evil” corporations that only cares about profit and nothing else. However they demonstrated great interest and effort in trying to establish itself as one of the “better” businesses. This Summit will show people that their business is not simply about making money, but also trying to change the practices and methods that ruin the reputation of the business world. Walmart set an example for other retail chains who are sure to follow behind their footsteps.