THESIS is science-based and stakeholder-informed, including input by companies, academics, civil society organizations, and government agencies. It first identifies the materially significant environmental and social issues—or “hot spots”—across the product life cycle. At the same time, “improvement opportunities” are identified to address those hotspots. The supply chain hotspots and improvement opportunities are then summarized in THESIS supporting documents.
Next, KPIs are developed in the form of questions used to assess the sustainability performance against the most critical hotpots in each product category. Suppliers should complete an assessment for each product category that applies to what they supply. THESIS paints a picture of the sustainability challenges for nearly all consumer goods, from tomatoes to toys. We use THESIS data to identify key social and environmental hotspots and to set an agenda as we work with our suppliers to drive continuous improvement. We also use it to identify opportunities for special attention, such as fertilizer optimization or improved animal welfare, to help drive more substantial change quickly.
Finally, the performance assessment is integrated into decision-making tools throughout the business. The use of THESIS also sets the expectation that Walmart isn’t looking for change at the margins with a few niche products—we’re trying to raise the bar for all items we stock.
Additional details can be found on our corporate Sustainability site.