Back in April, Fast Company ran this story pitting Walmart against Target in the corporate responsibility ring. Target had the advantage in areas such as sustainable seafood and human rights, but Fast Company declared Walmart the champ. Why?
One big reason is the Sustainability Consortium, Walmart’s massive effort to bring academia and industry together to develop a new standard in product life-cycle reporting. Another reason: Target had made progress toward becoming a more sustainable business, but it didn’t have a plan. Target hadn’t published any specific goals related to sustainability or spelled out how it planned to measure progress.
Now, eight months later, Target jumps back in the ring with its Here for Good initiative. The initiative outlines goals and milestones toward achieving them in four key areas: education, environment, well-being, and safety and preparedness.
In terms of size, supply chain and revenue, Walmart is so much larger than Target, it doesn’t seem fair to compare the two. But, then again, why not? There’s no doubt that competition between companies with their reach will be good for corporate responsibility in the retail sector and beyond.