Essay on Wal Mart 's Sustainability Practices
Corporations acknowledge that the application of sustainability practices is essential for their long term business viability. Sustainability practices promote efficiency by reducing waste, keeping and improving human capital, and delivering reasonable profits to shareholders. Wal-Mart and Starbucks implemented comprehensive sustainability practices that are shared across all the areas of these organizations.
One way to analyze Wal-Mart 's and Starbucks ' sustainability approaches is to look at their social responsibility reports that outline their goals towards sustainability. "Wal-Mart is committed to providing products in a way that creates opportunities for associates and suppliers, enhances the environmental and social sustainability, and strengthen the communities" ("Using,” 2016, p.1). Referring to Starbucks social responsibility vision Schultz and Smith (2001) expressed, " Starbucks defines corporate social responsibility as conducting business in ways that produce social, environmental and economic benefits for the communities in which we operate" (p.3)
These two leaders in their respective markets operate under different business practices, corporate values, and mission statements. As a result of these differences, Starbucks and Wal-Mart engage in different approaches towards sustainability. This paper will review and compare the attitudes that these companies have towards people, planet, and profits to finalize with a conclusion stating which…