Walmart Canada announces plans for Sustainable Product Index
Index to measure product sustainability
The announcement was made at the Walmart
"Customers want value and quality when buying products," said David Cheesewright, President and CEO of Walmart
The company will introduce the Sustainable Product Index initiative in three long-range phases:
- Phase 1 - Supplier assessment - Phase 2 - Creation of database - Phase 3 - Development and launch of customer tool Phase 1 - Supplier Assessment -----------------------------
Beginning in the summer of 2010, Walmart
Phase 2 - Creation of Database ------------------------------
The second step will include the creation of a Sustainability Index Consortium and the database that will house information on the lifecycle of products. Wal-Mart Stores, Inc., Walmart Canada's parent company, will initially fund and help create the Consortium, which will include universities, other retailers, suppliers and non-government organizations (NGOs).
The Consortium will take a research-driven approach to developing the database, that will drive the Index, and will look at the full lifecycle of products, from the use of raw materials to the way a product can be recycled or disposed of.
Phase 3 - Development and Launch of Customer Tool -------------------------------------------------
The final step will include the development and launch of the Sustainable Product Index tool, which will help customers identify the sustainability of a product with a simple and convenient rating system. How that information will be delivered to customers is still to be determined, but it may take the form of a numeric score, colour code or some other type of label. The Sustainability Consortium will help determine the scoring process in the coming months and years.
Timing for phases two and three of the initiative will be determined later this year.
About Walmart
Headquartered in Mississauga, Ontario, Walmart
For further information: Susan Schutta, corporate affairs, Walmart Canada, (905) 821-2111 x8012
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