Code of Conduct (2024)

The trust of our customers, communities, associates, and business partners is our competitive advantage. It’s important to think about our behaviors and make sure that we are creating a culture that inspires trust. Sam Walton founded a values-driven company that today is grounded in four core values: respect, service, excellence, and integrity. These values are timeless. When our behaviors are aligned to those four values, we’ll build trust, create the right environment for our teams, and generate success.

Respect for the Individual

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We treat people with dignity, lead by example, and listen to each other. We seek and embrace differences in people, ideas, and experiences.

Service to the Customer

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We put our customers first, anticipate their wants and needs, and exceed their expectations.

Strive for Excellence

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We are a high-performance team and expect the best from ourselves. We own our work and results.

Act with Integrity

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We are honest, fair, and objective. We speak up about concerns and comply with all laws and our policies.

Acting consistently with our purpose and our values demands that a culture of integrity guides all our decisions. We are dedicated to doing business the right way. Our Code reflects who we are as a company and shows how we bring our culture of integrity to life in our work every day. Integrity builds trust. That’s why our associates, customers, investors, suppliers, and business partners choose Walmart—they know we

are a business they can trust.