Walmart’s eighth annual Global Responsibility report came out not long ago, and it suggests that the company is feeling pretty proud of itself. It boosted its minimum wage for associates to $9 an hour in April of this year and will boost it again to $10 in February 2016. That will cost them $1 billion, and represents a big step forward.
Along with increasing wages, Walmart’s philanthropy is also rising, and we report often on what its foundation is doing—which is a lot. Just the other day, for example, it announced $15.5 million in grants to seven nonprofits to help low-income children meet their nutritional needs.