5-2 Milestone QSO 328

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Jan 9, 2024

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1 Module 5-2 Final Project Milestone Four 11/25/2023 QSO 328 James Scarborough

2 I. Implications for Financial Sustainability Impact on Financial Sustainability The financial, social, and environmental plans at Walmart Supercenter come together to represent the best practices of sustainability by making sure they have a social sustainability plan that is successful as well as an environmental sustainability plan that is financially beneficial for everyone and safe for the environment. There are many different factors that could hinder Walmart from being successful in the future and hurt their overall financial ability to make a profit. The overall management of the Walmart’s must make sure they are taking into consideration the appropriate standards for the company as well as making sure those standards are enforced and benefiting their turnover profits. Walmart also must establish an alternative plan as back up to oversee these changes and establishing steps to ensure these meet regulation standards as well as ways to exceed these new changes to make sure the are financially, socially, and environmentally best for their company and suppliers. When it comes to creating a sustainability plan, Walmart takes into consideration their employees and their inputs. Their current knowledge and skills in the workplace are very beneficial to establishing a sustainability plan that will be overall successful in the long run. Involving employees in the creation of their sustainability plans makes the employees feel included and listened too. They feel like they had a helping hand in establishing a long-term plan. Employees can help Walmart establish a sustainability plan as well as oversee where different strategies of production are no longer working. They will also be able to establish a plan to include more sustainable products for future use even if it delays shipping time and causing financial difficulty, they would be ale to catch this problem sooner than later and create a plan to be able to avoid this issue in the future. (Grant, Trautrims & Wong, 2017).

3 When it comes to financial sustainability, Walmart will require a capital investment for the environmental and social sustainability plan. This will end up hindering the production routine they currently have in place and slow down overall production which means the financial sustainability won’t turn over a positive profit. Walmart can make utilize this sustainability plan and make up for their downfalls by lowering their employee turn over rate and offering more incentives for their employees to stay with their company and strategize this plan as a future marketing tool for their company. Implications of Emerging Technology The implications of emerging technology or best practices for environmental and social sustainability on the financial bottom line of Walmart is overall beneficial when it comes to Walmart using innovation to focus on the environmental sustainability practices and objectives to achieve the overall main objectives that this company is set out to achieve. By developing new and improved techniques and strategies, Walmart company would be able to lay out and track its sustainability plan to make sure its on track and producing a profit as well as introducing new technology techniques. Walmart company would be effective by using this method because they would overall exceed all EPA and regulatory standards which in the long run would incorporate social sustainability objectives into the plan as well. Walmart’s objective would be to make sure they maintain and attract new suppliers while establishing trust into their communities. Employees and customers would then feel more appreciated to shop and work at a company that not only gives back to the environment but meets their needs as well without harming the natural resources in the environment and price gouging their products to make a profit.

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4 IV. Integration The financial, social, and environmental plans at Walmart company come together to represent the best practices of sustainability by simply focusing on what would be best overall for their company. The financial, social, and environmental plan combines and prioritizes their triple bottom line theory. This theory outlines what Walmart company needs to understand when it comes to their profits and how it’s a significant key part of conducting and running their business as well as maintaining overall long-term success with the help of its three P’s: People, Planet, Profit. Walmart company can balance and remove conflict among all three aspects of the triple bottom line and ensure that their plans for environmental sustainability do not negatively impact their plans for financial and social sustainability by making sure their overall management foresees all issues and solves those issues before they expand and cause more harm than good financially. When applying a sustainability plan, there will be some financial kinks that need to be worked out however, these kinks need to be monitored and avoided for long term success and how these issues can benefit the company long term financially without causing more conflict to their triple bottom line. Some key milestones that XYZ Company would need to meet to achieve the same level of environmental, social, and financial sustainability as Walmart company based on the timeline that it took Walmart company to achieve its current level of sustainability pertaining to my current knowledge of the triple bottom line would require more milestones to be met to even keep up with Walmart company. XYZ company would need to step up their and exceed all EPA regulatory standards as well as lowering their carbon rate that is produced into the environment by 50 % in the next twenty or so years. (Eizenberg & Jabareen, 2017). They would also have to

5 recruit better talent to decrease their turnover rate. They could do this by releasing surveys to their workers to see where they stand. All these key milestones would need to be implemented for XYZ company to meet and achieve the same level of environmental, social, and financial sustainability as Walmart Company.

6 References: Eizenberg, E., & Jabareen, Y. (2017). Social Sustainability: A new conceptual framework. Sustainability, 9(1), 68. Grant, D.B., Trautrims, A., & Wong, C.Y. (2017). Sustainable logistics and supply chain management: Principles and practices for sustainable operations and management. Kogan Page Publishers.

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5-2 Milestone QSO 328

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