Water is one of the critical factors of ESG (Environment, Social, and Governance). Fresh and clean water is increasingly endangered despite being considered a plentiful renewable resource mainly due to population growth and economic activity leading to an increase in water demands and pollution.
According to United Nations, if current consumption and production patterns do not change, there will be a 40% shortfall in water supply by 2030. Companies are expected to face increased scrutiny such as limits on water withdrawal and tight regulations over their water use as global water resources face increased stress.
The retail sector is one of the major contributors to the world water crisis. According to the World Bank, the apparel and textile industry consumes a huge amount of water and is a major polluter of water at all stages of its value chain.
Wal-Mart de Mexico SAB de CV (Walmex), a subsidiary of Walmart Inc, operates retail stores under various formats such as discount warehouses and discount stores, clubs, supermarkets, hypermarkets, apparel and accessories stores, and pharmacies. It operates retail outlets under the banners of Walmart, Superama, Bodega Aurrera Suburbia, Sam's Club, and La Despensa de Don Juan.
In 2021, Walmex consumed 11.2 million cubic meters of water, an increase of 5% annually. The company sourced 88% of its water consumption from the municipal supply. The retail company reused 1.4 million cubic meters of water in 2021.
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