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N O TI C U D O NTR I Our approach to ESG Y T I N TU CREATING SHARED VALUE R O P Shared value—addressing societal issues in ways that create The primary way that we create value for society is by bringing P O value for our business and stakeholders—lies at the heart of everyday essentials to people who need them. People need safer Walmart’s enterprise strategy and our approach to ESG issues. and healthier foods, quality general merchandise and critical Y services like pharmacy and healthcare. And they need them at T I We believe we maximize long-term value for shareholders by IL affordable prices. Sam Walton saw such a need in small-town B A serving our stakeholders: delivering value to our customers, America when he opened the first Walmart in Rogers, Arkansas IN creating economic opportunity for associates and suppliers, A in 1962. Sixty years later, Walmart meets that need through its ST strengthening local communities and enhancing the U S environmental and social sustainability of our business and presence in thousands of communities around the world. What’s product supply chains. Addressing such societal needs builds good for business is good for society and vice versa. Y IT the value of our business by extending our license to operate, Each of our ESG priority issue areas offers a discrete N U building customer and associate trust, creating new revenue shared-value proposition: an opportunity to meet a societal M OM streams, managing cost and risk, building capabilities for future need through our business. In each instance, our aspiration is to C advantage and strengthening the underlying systems we all operate our business in a regenerative way. Doing so aligns our Y rely on. In other words, business thrives by serving society: business objectives with societal objectives and increases our T as business strengthens society, serving society strengthens ability to create value for the long term. I R G business. We aspire to become a regenerative company—helping E NT to renew people and the planet through our business. I & S C I TH E 12

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