[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-298575-105":3,"detail-sidebar-cat-0-en-105":81,"doc-detail-298575-en":130},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","proposal-5-racial-equity-audit","Proposal 5 - Racial Equity Audit","","Proposal No. 5 requests Walmart Inc. to commission a third-party, independent racial equity audit to analyze the company’s adverse impacts on Black, Indigenous, and People of Color (BIPOC) communities and to produce actionable recommendations for improving its racial equity impact. The proposal emphasizes considering input from employees, customers, and relevant racial justice, labor, and civil rights organizations. It further calls for publishing a non-confidential audit report on Walmart’s website.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & Report",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/proposal-5-racial-equity-audit/298575/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/proposal-5-racial-equity-audit/298575.png","ImageObject",300,407,{"name":42,"@type":43},"วิน","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-29","2026-09-18",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",6,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What is the core request in Proposal No. 5?","Question",{"text":63,"@type":64},"Walmart shareholders request Walmart to conduct a third-party, independent racial equity audit analyzing adverse impacts on BIPOC communities and to provide recommendations to improve Walmart’s racial equity impact.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"Who should be consulted when determining what matters to analyze?",{"text":68,"@type":64},"The proposal calls for considering input from employees, customers, and racial justice, labor, and civil rights organizations when determining specific matters for analysis.",{"name":70,"@type":61,"acceptedAnswer":71},"Why does the proposal argue the audit would be beneficial for Walmart?",{"text":72,"@type":64},"It states that an appropriately conducted audit can help Walmart mitigate future legal and reputational risks, address contributions to systemic racism, improve retention and satisfaction, and enhance its public image.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},298575,1790611288,{"code":4,"msg":82,"data":83},"success",[84,88,92,96,101,105,110,114,119,122,126],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":89,"show_sort_weight":90,"slug":91},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":93,"show_sort_weight":94,"slug":95},"Exam",70,"exam",{"id":97,"doc_module":4,"doc_module_name":25,"category_name":98,"show_sort_weight":99,"slug":100},5,"Comic",60,"comic",{"id":55,"doc_module":4,"doc_module_name":25,"category_name":102,"show_sort_weight":103,"slug":104},"Technology",50,"technology",{"id":106,"doc_module":4,"doc_module_name":25,"category_name":107,"show_sort_weight":108,"slug":109},7,"Healthcare",40,"healthcare",{"id":111,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":112,"slug":113},8,30,"research-report",{"id":115,"doc_module":4,"doc_module_name":25,"category_name":116,"show_sort_weight":117,"slug":118},9,"Religion & Spirituality",20,"religion-spirituality",{"id":117,"doc_module":4,"doc_module_name":25,"category_name":120,"show_sort_weight":117,"slug":121},"World Cup","world-cup",{"id":123,"doc_module":4,"doc_module_name":25,"category_name":124,"show_sort_weight":123,"slug":125},10,"Lifestyle","lifestyle",{"id":127,"doc_module":4,"doc_module_name":25,"category_name":128,"show_sort_weight":97,"slug":129},19,"General","general",{"code":4,"msg":82,"data":131},{"doc_id":79,"user_id":132,"nickname":42,"user_avatar":133,"doc_module":4,"category_id":111,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":97,"language":139,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":12,"update_tm":143,"read_time":144,"preview_page_count":4},2336475104736,"https://ap-avatar.wpscdn.com/avatar/22000c4c5e0e5b17e70?x-image-process=image/resize,m_fixed,w_180,h_180&k=1786591360781797222","Proposal No. 5: RACIAL EQUITY AUDIT  \nRESOLVED: Shareholders request Walmart Inc. (“Walmart” or the “Company”) conduct a third-party, independent racial equity audit analyzing Walmart’s adverse impacts on Black, Indigenous, and People of Color (BIPOC) communities, and to provide recommendations for improving the company’s racial equity impact. Input from employees, customers, and racial justice, labor, and civil rights organizations should be considered in determining specific matters to be analyzed. A report on the audit, prepared at reasonable cost and omitting confidential and proprietary information, should be published on Walmart’s website.  \nINTRODUCTION  \nRacial equity audits (REA) conducted by independent, third-parties can provide company leadership with an objective evaluation of how company policies, practices, and culture are combatting or perpetuating systemic racism and racial inequities.1  \nAs the largest private sector employer, Walmart has a significant influence on society and the economy.2 As the largest private employer of Black people and people of color, Walmart policies and practices impact hundreds of thousands ofBIPOC workers and their families. In 2023, Walmart received an abysmal rating on the Racial and Gender Pay Scorecard from Arjuna Capital and Proxy Impact, a strong indication that there were profound inequities among minority demographics at the company.3 Arjuna Capital and Proxy Impact changed Walmart’s 2024 score after the Company made a commitment to disclose adjusted and unadjusted pay gaps in 2025.4 While we are delighted that Walmart has committed to making these disclosures, we urge the company to think more expansively about the impact its policies and practices have on racial and gender equity beyond pay discrepancies.  \nVote FOR Proposal 5: Racial Equity Audit  \n1 Ziegler, J., Aiken, M., Burkart, W.“Introduction to Racial Inequity as a Systemic Risk: Why Investors Should Care and How They can Take Action.” The Investment Integration Project. 12 Jun, 2023. Available at: Introduction to Racial Inequity as a Systemic Risk.  \n2 Corporate Walmart: About Walmart. Accessed on 4 Apr, 2024 . Available at: [https://corporate.walmart.com/about](https://corporate.walmart.com/about).  \n3 Arjuna Capital and Proxy Impact: 2023 Racial and Gender Pay scorecard. March 2023.  \n4 Arjuna Capital-Racial and Gender Pay Scorecard 2024  \nRacial equity audits have quickly become an industry standard. Multinational companies such as Facebook, Apple, Airbnb, CITI, and Starbucks have agreed to analyze their impact on BIPOC workers and communities by conducting a racial equity audit. Shareholders filed REA proposals at 14 companies across a wide variety of industries in 2023.5 This year, proposals calling for a racial equity or civil rights audit were filed at Marriott International, PepsiCo, Wendy’s, UnitedHealth, and Walmart.6 Given Walmart's workforce demographics, shareholders want to ensure Walmart is honoring its DEI commitments and not directly or indirectly contributing to or creating racial inequities in the diverse communities in which it operates. The benefits of such an audit significantly outweigh the competitive, legal, and reputational risks the company may face. A properly conducted audit could help Walmart mitigate future legal and reputational risks. A report by Policy Link found that,“opportunities to create shared value by promoting racial equity occur at every point along a company’s value chain,” and that corporate America misses out on innovation and growth when it does not value advancing racial equity.7  \nThere is evidence that companies find these audits beneficial. After conducting an independent civil rights audit in 2021, State Street Corporation lauded its benefits, saying”[it] provided recommended actions for us to consider moving forward to establish State Street as an industry leader in advancing civil rights and racial equity and suggested we put mechanisms in place to monitor eff","cbCaisdmr6LTXT5c","https://ap.wps.com/l/cbCaisdmr6LTXT5c","pdf",209248,"English","# Proposal 5: Racial Equity Audit\n## Introduction\n## Vote FOR Proposal 5: Racial Equity Audit\n## Recommendations\n## Address Systemic Racism","[{\"question\":\"What is the core request in Proposal No. 5?\",\"answer\":\"Walmart shareholders request Walmart to conduct a third-party, independent racial equity audit analyzing adverse impacts on BIPOC communities and to provide recommendations to improve Walmart’s racial equity impact.\"},{\"question\":\"Who should be consulted when determining what matters to analyze?\",\"answer\":\"The proposal calls for considering input from employees, customers, and racial justice, labor, and civil rights organizations when determining specific matters for analysis.\"},{\"question\":\"Why does the proposal argue the audit would be beneficial for Walmart?\",\"answer\":\"It states that an appropriately conducted audit can help Walmart mitigate future legal and reputational risks, address contributions to systemic racism, improve retention and satisfaction, and enhance its public image.\"}]","Proposal 5 - Racial Equity Audit | PDF",1789760145,13]