Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Walmart Asia Highlights Focus on Women's Economic Empowerment

WMT

Donations to women's causes close to USD 8 million with over 20,000 women enabled in Asia since 2011

HONG KONG, Aug. 6, 2013 /PRNewswire/ -- "While conditions have improved to some degree, the challenges women face globally are still sizeable, be it with access to employment, education or even basics like food and shelter. Close to 80% of Walmart shoppers globally are women as are 60% of Walmart's associates worldwide. This is why we have made Women's Economic Empowerment a key priority. In Asia alone, Walmart has spent close to USD 8 million on supporting the aspirations of over 20,000 women via a wide array of programs over the last two to three years,"said Scott Price, CEO & President of Walmart Asia, speaking at a Walmart roundtable on Women's Economic Empowerment in Hong Kong.

(Logo: http://www.prnasia.com/sa/2012/09/04/20120904153449903363-l.jpg )

Walmart's cash and kind donations and investments towards Women's Economic Empowerment initiatives come under three areas: Sourcing from women owned businesses, Empowering women through training and Promoting diversity and inclusion.

Globally, Walmart's goals include:

-- doubling its sourcing from women-owned businesses

by 2016;

-- training 26,000 women for factory jobs in markets

including India, Bangladesh and China; and

-- training and advance the interests of 500,000 female

farmers in China, India and Latin America

Active programs over the past year in Asia include:

China

-- Walmart China and China Women's Development Foundation

together launched the Walmart Women's Development Fund

which aims to provide Chinese women in need with

financial support to start their own business ventures

or find employment. To date, Walmart's grants have

benefited women in over 1,600 households in rural China.

Project sites have included agricultural and livestock

farms in Hebei, Yunnan and Inner Mongolia, as well as

hand-made arts and crafts workshops in Hunan.

Japan

-- Walmart Japan began its co-operation with Florence, a

social enterprise that resolves social problems with

the help of private enterprise, following the March

2011 earthquake. The partners first co-operated on

opening an Indoor Park in Fukushima as a radiation-free

play space. Since then, additional grants have funded

child care services for low-income single-parent

families.

-- Walmart Japan also contributed grants and in-store

donations to J'espere, a non-profit organization that

supports mothers affected by the 2011 earthquake. Thus

far, the Tohoku Kosodate project has helped over 5,000

women and children through consultative sessions by

professional midwives and home visits offering medical

or psychological support.

India

-- Through a network of 18 Bharti Walmart Training Centers

across the country, Bharti Walmart has provided

free-of-charge retail skills training to underprivileged

young adults. Over 8,000 women have been trained thus

far, many now in jobs at a variety of outlets including

in Bharti Walmart's Best Price Modern Wholesale and

Bharti Retail's Easyday and Easyday Market stores.

-- Bharti Walmart has actively engaged female entrepreneurs

in small and mid-sized businesses to source a growing

list of merchandise. Particularly keen to provide an

opportunity to women-led start-ups, Bharti Walmart

already works with over 100 female suppliers and over

the next five years, is committed to engage and impact

the livelihoods of 30,000 additional women across the

country.

"Walmart also puts tremendous emphasis on building a strong pipeline of female leadership at all levels of the organization. For markets like China and Japan, the percentages of female senior management in our organization are already higher than the respective national averages," added Shanthi Flynn, Senior Vice president, Human Resources for Walmart Asia.

Some of Walmart Asia's internal initiatives to provide opportunities for women to lead include:

-- Women Leadership Councils: In each market since 2008,

the Councils have helped build and oversee a pipeline

of female talent. Female Leadership Councils have

direct access to country CEOs who regularly track

their progress.

-- Women in Leadership Forum: Annual event that invites

female leaders to learn from a combination of internal

senior leaders and external leadership and career

experts.

-- Women in Leadership Workshops: A platform to enhance

the capabilities of women leaders by inviting external

professional experts to share about a range of topics

that range from work-life balance to children's

education and improving EQ.

"In summary, Women's Economic Empowerment is hugely important for us both internally at Walmart and in the external programs that we continue to operate," Price concluded.

About Walmart

Wal-Mart Stores, Inc. (NYSE: WMT) serves customers and members more than 200 million times per week under 69 different banners in 27 countries.

In Asia, Walmart currently operate more than 850 stores in China, India and Japan, serving 25 million customers every week. As of 2012, Walmart Asia employs close to 150,000 associates. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunities.

Media Contact (Walmart Asia):

Anthony Rose

Vice President, Corporate Affairs, Walmart Asia

HP: +852-6307-0088

Media Contact (MSLGROUP Asia):

Eric Abelev

Director

Eric.Abelev@mslgroup.com

HP: +852-6383-9026

O: +852-2804-8107

SOURCE Walmart Asia



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today