Wal-Mart donates $1.5 million to the U of Arkansas Applied Sustainability Center to research on greenhouse gas emissions and environmental education.
"Our gift to the University of Arkansas is a part of Wal-Mart's Sustainability 360 approach to addressing the environmental challenges of the 21st Century," says Doug McMillon, executive vice president Wal-Mart, president and chief executive officer Sam's Club. "We understand the need to take sustainability beyond reducing our direct environmental footprint to engage not only associates, suppliers and communities, but also students, staff and faculty members from the University of Arkansas and believe that together we can leave a better environment for future generations."
The center, which is an interdisciplinary initiative of the Sam M. Walton College of Business, will focus on conducting two innovative projects. The first project will be collaboration with leading experts in carbon reduction to research methods for reducing embodied fossil fuels in products. For the second project, the center will partner with the
University of Arkansas Dale Bumpers College of Food, Agriculture and Life Sciences to hold working sessions with specialists to identify and discuss sustainability issues in the agriculture industry.
"This gift from the Wal-Mart Foundation will enable us to create an information hub and a network of experts to support the corporate community in their efforts to become more sustainable," says Jon Johnson, Walton College professor of management, who has been working on the formation of the center for the past year and is serving as the center's executive director. "Capitalizing on this opportunity is not trivial. Sustainability can only be realized when managers understand the nature of the challenges and opportunities they face, and have the tools and ways to move on them."
Wal-Mart's Sustainability 360 approach is designed to ensure that sustainability efforts reach beyond its stores and clubs by encompassing its products, suppliers, associates, communities and customers to positively impact others. As part of this approach, the funding will help the Applied Sustainability Center develop a community speaking series on the environment. The speaking series will educate the business community in Northwest Arkansas, and students and faculty about sustainability issues through conversations with national thought leaders.