Wal-Mart de México, S.A.B. de C.V. — Ethics Grade F

Wal-Mart de México, S.A.B. de C.V. receives an overall ethics grade of F (15/100) on CancelCo's corporate accountability database. Sector: Retail. Market cap: Large Cap.

Category scores

• labor: 15
• privacy: 70
• consumer: 30
• environment: 50
• humanRights: 12

Documented incidents (3)

• Systemic bribery scandal (high, 2019) — Following a multi-year investigation, the company paid massive settlements regarding $24M in bribes to Mexican officials to facilitate rapid store expansion and bypass zoning laws.
• Unpaid elderly volunteer grocery baggers (medium, 2020) — The company faced intense pressure for using elderly individuals as grocery baggers without pay, relying only on customer tips, even during the COVID-19 pandemic.
• Massive tax evasion settlement (high, 2020) — Walmart Mexico agreed to pay over $800 million to the Mexican tax authority following an investigation into the sale of its restaurant chain to Alsea.

Documented good deeds

• Wind and solar energy transition — Walmex is one of the largest corporate consumers of renewable energy in Mexico, aiming for 100% renewable energy by 2035.

Ethical alternatives

• Soriana — Local alternative with fewer international corruption scandals.