I recently claimed that the funds committed to social good by businesses may be larger than those committed by philanthropy – institutional and individual. In an article ("Code Green," by Amanda Griscom Little) on Wal-Mart’s eco-commitments in the December issue of Outside Magazine, a found these tidbit to further my hypothesis:
• The company has committed $500 million ANNUALLY to meeting the company’s eco goals (described by the head of Greenpeace USA as “remarkable…hopeful, even if they’re just goals at this point.” Wal-Mart is getting help from Adam Werbach, former Sierra Club President, the Environmental Defense Fund, and the folks at Conservation International)
• Wal-Mart has started a program to help its suppliers cut packaging, waste, and fuel use. The five-year effort is pegged to save $3.4 billion over five years.
• Those are big dollar figures. Certainly more than environmental funders spend each year and – I’d guess, more than the cumulative budgets of most environmental organizations around the globe.
So, doesn’t someone want to help us figure out the rest of the revenue map?
Objects in Mirror are Closer than they Appear
Posted by Lucy Bernholz at 11/15/2006 07:37:00 PM
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