| www.walgreens.com |
|
| Share Price (3/15/07): | $45.72 |
| SIZE: | |
| Market Value (3/15/07): | $45.8 BIL |
| Revenue (2006): | $47.4 BIL |
| Employees: | 142,200 |
| Return on Equity 2006: | 18.4% |
| HIP PRACTICES: | |
| Vision: | "Treat each other with respect and dignity, and do so for all we serve" -- same today as when Mr. Walgreen founded the company. |
| Metrics: | Long-term benefits for customer and shareholder, including environmental concerns, are evaluated on a per-project basis; more comprehensive tracking possible. |
| Financials: | Retailing operation benefits from 24-hour pharmacy and store hours; environmental ROI to be proven this year. |
| Accountability: | Weekly CEO message to employees includes focus on impact; staff send feedback from e-kiosks. |
| Decision-Making: | Every decision screened from perspective of customer, also called patients when served in the pharmacy. |
| HIP OUTCOMES: | |
| Health: |
One-third of stores connect medically and financially "underserved" customers, urban and rural. Four million patients have labels printed in one of 14 non-English languages, increasing both access to care, and higher likelihood of treatment compliance |
| Wealth: |
Three-to-one matching for employees over 18 who have one year or more tenure, enabling six-figure retirement accounts -- founder's life insurance payoff in 1939 funded first employee ownership pool. |
| Earth: |
100-store pilot in California and New Jersey expect solar energy to cut per-store energy costs by 20%. |
| Equality: |
Very diverse workforce and supplier base, but management team needs additional representation. Higher end of executive pay relative to market-value-per-employee metric. |
| WHAT'S NEXT: | |
| Practices: | Rolling out eco-improvements and energy efficiency reduces GHG emissions as well as energy consumption. |
| Outcomes: | Extension into eco-friendly kiosks (e.g. refilling ink cartridges) could add revenue, profit and reduce e-waste from consumers. |
| OTHER RATINGS: | |
| KLD: Companies rated from negative (0) to positive (6) in seven areas. | Community: 4.0 Governance: 3.4 Diversity: 3.0 Employees: 2.8 Environment: 3.6 Human Rights: 3.4 Product: 1.2 Included in KLD Indices for: Domini 400, Broad Market Social Index, Dividend Achievers Social Index |
| Calvert Rating: Companies are rated on a scale of 1 (substantially below Calvert standards) to 5 (superior). | Environment: 3 Workplace: 3 Business Practices: 3 Human Rights: 4 Community Relations: 4 Included in Calvert funds: Yes |
| RESOURCES: | |
| Sustainability or CSR Report: | Community Affairs |
| Annual Report: | 2006 Annual Report |
--Lisa LaMotta
