Assess how walmart is managing ethics and social responsibility as one of the largest corporations in the world.

Final answer:

Walmart, as a major global corporation, has a mixed record on managing ethics and social responsibility. It aims for environmental sustainability with a zero emissions goal by 2040 and has faced challenges regarding labor practices and gender discrimination, demonstrating the complexities of ethical business practices.

Explanation:

In assessing how Walmart is managing ethics and social responsibility, we see a complex picture of one of the world's largest corporations grappling with its impact on the economy, society, and environment. As a retailer of immense scale, Walmart has had significant effects on globalization, affecting workers and politics in developing nations while shaping cultural attitudes internationally. Questions of ethics and responsibility lead to broader issues, especially as firms grow in power and influence within the marketplace. Walmart has set ambitious goals, such as reducing global emissions to zero by 2040, powered by renewable energy, and employing electric vehicles. About 29% of its energy usage derived from renewable sources as of 2020, indicating a pathway to potential environmental sustainability and corporate adaptation.

On the subject of labor practices, Walmart's history has been mixed. Notably, in 2013, they were found guilty by the National Labor Relations Board of illegally penalizing and firing workers involved in labor protests, and they have settled disputes where discrimination based on sex was alleged. These examples highlight the difficulty of enforcing ethical business practices and the tension between profitability and social responsibility.

The company's pledge to become a regenerative company also points to a shift in how corporations envision their role in society, aiming not only to limit harm but to positively contribute to renewal and replenishment. This approach may challenge governmental actors to step up their actions on climate change, offering a case study in how adaptation can be economically advantageous.

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