Walmart is embarking on a three-phase plan called the sustainable product index that will impact all Walmart stores and suppliers.
With the world’s population increasing and natural resources decreasing, Walmart recognizes its customers demand better, responsibly produced products. Walmart’s index will highlight product efficiency, which includes product longevity, performance and how it was produced.
Phase one begins with a 15-question survey created by Walmart and sent out to more than 100,000 of its suppliers. It will be used to determine just how sustainable the mass merchandiser’s suppliers already are.
Phase two will involve the cooperation of universities, retailers, suppliers and other third-party committees. These groups will work together to create a single database. The database will eventually cover the lifecycle of every product sold at Walmart.
Lastly, phase three will use the index formed in phase two and create a rating system. The ratings will be added to the products so customers can clearly read how sustainable each product is.
Walmart will ask its top-tier U.S. suppliers to complete its phase one survey by October 1. To read more about Walmart’s sustainable initiative, which will impact the growers serving it, click here.