11/17/13

Solar Energy — A Way to Sustain Profits

As a company that converts “more sun into energy” than thirty-eight American states, Wal-Mart should be applauded for making such a sustainable decision that helps both the company and the environment in the long run. Providing enough energy that can theoretically power over 22,250 U.S. homes is a rather impressive phenomenon; currently, Wal-Mart holds the greatest capacity in terms of installed megawatts in comparison to other large corporations (see chart below).

Despite Wal-Mart’s intention in utilizing such sustainable method to raise environmental awareness, it’s inevitable that the corporate also uses this opportunity for publicity. On one side, Wal-Mart takes advantage of the new technological advances that have been made available to make a positive impact on the environment and carrying out the meaning of corporate social responsibility. On the other hand, the company utilizes this to lower its production costs, thereby increasing its profits simultaneously. As a one of U.S.’ main suppliers, Wal-Mart can be seen as the center of the U.S. economy. Because of this, I certainly feel that it is sensible for Wal-Mart try to reduce costs as much as possible.

Either way, the company is definitely doing good to its profits, as well as the environment.

 

Sources:

http://www.bloomberg.com/news/2013-10-24/wal-mart-now-has-more-solar-than-38-u-s-states-drink-.html