Comment 74875

By Shempatolla (registered) - website | Posted February 29, 2012 at 13:31:54

Here is a link to Walmart Canada's Corporate Responsibility page. http://www.walmartcsr.ca/

Not sure if that will work.

Anyway, read it. There is talk of waste diversion, energy efficiency, women as a percentage of their workforce, and get this "ethical sourcing" from its suppliers around the world.

There is not one mention of encouraging suppliers to invest locally to produce the good Walmart buys and sells,

This is wrong.

Walmart is one of the most profitable companies in the world. Yes. But it is morally bankrupt. It banks profits on the purchases of its consumers, while at the same time eroding the economic base that those consumers must work in to purchase goods and necessities.

It is ironic to me that one of the most profitable companies in the world is headquartered in Arkansas, one of the most poor states in the Union, with one of the lowest literacy rates, highest unemployment rates and least attractive places to invest.

Were I on the board of that company, that would be an embarassment.

There is absolutely NOTHING wrong with profit. Lots of it. But I hold to the principle that it must be attained with a sense of responsibility and ethics.

Here is a linc to corporations that make scads of money and do it ethically. Wal Mart is not on this list.

http://ethisphere.com/past-wme-honorees/...

Comment edited by Shempatolla on 2012-02-29 13:32:54

Cheers

Greg Galante

Hamilton

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