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February 17, 2010 – Comments (4) | RELATED TICKERS: WMT , WFM

Today I summoned my inner optimist (really, there is one in there) and actually wrote a Weekly Walk of Fame instead of Shame, giving Wal-Mart the honor for the work it has begun on a Sustainability Index. Wal-Mart hasn't traditionally been one of my favorite companies -- I've always thought it could treat its workers better, in just one example of some of my long-standing issues with it -- but to be fair, I have to admit some of its environmental initiatives have been interesting, and this one (though it's still early) is too. And of course, a company with the size and influence Wal-Mart has could actually make a huge difference. So I thought a Walk of Fame was in order on this go round; waste not, want not.

Meanwhile, Whole Foods Market reported a good quarter today. I guess all that "boycott" hollering from some folks last summer following Mackey's health care ideas may have been way overblown, judging by the results. (Of course, Wal-Mart's encroachment into eco-friendly initiatives is certainly interesting in relationship to Whole Foods, as well.)

(Long Whole Foods.)

 

4 Comments – Post Your Own

#1) On February 17, 2010 at 9:28 PM, devoish (97.62) wrote:

Wal Mart needs to reinvent their own standard for what green is? What a load of doo-doo-Mart. We declare ourselves green and now our self declared greenness will lead or Wal-Marketing advertising campaign.

Yeah Wal Mart, I trust you to tell me how wonderfully green you are, just as I trust the NAR to tell me now is a good time buy a house, or I trust GS to tell me that banks only need a little more freedom from overbearing Gov't regulation.

I was born at night... but not last night.

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#2) On February 18, 2010 at 9:24 AM, TMFLomax (44.99) wrote:

devoish

Wow, tough crowd. Just kidding. Far be it for me to ever think there's such a thing as too much skepticism and it will definitely bear watching. If it did this in a vacuum that would definitely be bad in the ways you describe. The consortium that it's involved with is promising though, since researchers, NGOs, etc. are apparently involved in the standards. We shall see but I think the intention sounds very promising so far. (It also sounds like Wal-Mart knows a lot of people wouldn't automatically trust its policies in this regard.)

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#3) On February 25, 2010 at 1:43 PM, TMFLomax (44.99) wrote:

Another article on the topic.

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#4) On February 25, 2010 at 3:50 PM, devoish (97.62) wrote:

Alice,

You softened my skpticism, EDF seems to do excellent work.

There is a lot that Walmart has done wrongly, and I am sure there is much more they could do to reduce GHG, such as produce products in the USA and not ship them here to begin with. I also hope WalMart is not taking credit for doing something the EPA requires them to do anyway.

But unless I learn otherwise about the EDF, I'll give kudos to WalMart for this step and hope they continue to make progress.

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