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Walmart shareholder proposals
What shareholders asked Walmart to do, and how the funds inside American retirement plans voted on it — with the filing behind every vote.
5 June 2025 · put on the ballot by shareholder · Pay equity & inclusion
Should an independent auditor examine how Walmart affects civil rights?
Shareholders asked the board to commission an independent, third-party audit of the company’s impact on civil rights and racial equity — its workforce, its customers and the communities it operates in — and to publish what the auditor finds.
“Racial Equity Audit”
0 of 23 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Vanguard Total Stock Market Index Fund | AGAINST | 140,999,365 |
| Vanguard Target Retirement 2025 Fund | AGAINST | 140,999,365 |
| Vanguard Target Retirement 2035 Fund | AGAINST | 140,999,365 |
| Vanguard Target Retirement 2045 Fund | AGAINST | 140,999,365 |
| Vanguard Target Retirement 2030 Fund | AGAINST | 140,999,365 |
| Vanguard Target Retirement Income Fund | AGAINST | 140,999,365 |
| Vanguard Target Retirement 2040 Fund | AGAINST | 140,999,365 |
| Vanguard 500 Index Fund | AGAINST | 121,956,163 |
| Fidelity 500 Index Fund | AGAINST | 54,589,220 |
| Vanguard Value Index Fund | AGAINST | 38,734,245 |
| Vanguard Institutional Index Fund | AGAINST | 26,666,632 |
| Vanguard Equity Income Fund | AGAINST | 5,602,368 |
| Fidelity Blue Chip Growth Fund | AGAINST | 2,846,285 |
| Vanguard Balanced Index Fund | AGAINST | 2,756,296 |
The same proposal was put to PepsiCo, Mastercard Incorporated, Caterpillar, Boeing, Deere, Bank of Nova Scotia.
5 June 2025 · put on the ballot by shareholder · Workforce & human rights
Should Walmart explain how its board oversees the safety of the people who work for it?
Shareholders asked for a report on how health and safety is actually governed — who on the board is accountable, what the company measures, how injuries and fatalities are counted, and whether contractors and temporary workers are covered by the same standards as employees.
“Health and Safety Governance”
0 of 8 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Vanguard Value Index Fund | AGAINST | 38,734,245 |
| Vanguard Equity Income Fund | AGAINST | 5,602,368 |
| T. Rowe Price Equity Income Fund | AGAINST | 1,970,000 |
| Nuveen Large Cap Value Index Fund | AGAINST | 1,828,273 |
| T. Rowe Price U.S. Equity Research Fund | AGAINST | 1,313,617 |
| Fidelity Worldwide Fund | AGAINST | 420,000 |
| Janus Henderson Adaptive Risk Managed U.S. Equity Fund | AGAINST | 139,449 |
| NVIT J.P. Morgan Large Cap Growth Fund | AGAINST | 4,732 |
The same proposal was put to Equinor Asa, Yum! Brands, Novo Nordisk A/S.
5 June 2025 · put on the ballot by shareholder · Climate & environment
Should Walmart report on the single-use plastic it puts into the world?
Shareholders asked for a report on how much single-use plastic packaging the company uses, the risks that creates as regulation tightens, and what it plans to do to reduce it.
“Report on Reduction of Plastic Packaging and Recyclability Claims”
1 of 5 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Vanguard Value Index Fund | AGAINST | 38,734,245 |
| Vanguard Equity Income Fund | AGAINST | 5,602,368 |
| Nuveen Large Cap Value Index Fund | FOR | 1,828,273 |
| Janus Henderson Adaptive Risk Managed U.S. Equity Fund | AGAINST | 139,449 |
| NVIT J.P. Morgan Large Cap Growth Fund | AGAINST | 4,732 |
The same proposal was put to PepsiCo, General Mills, Wendy's.
5 June 2025 · put on the ballot by shareholder · Climate & environment
Should Walmart report on the single-use plastic it puts into the world?
Shareholders asked for a report on how much single-use plastic packaging the company uses, the risks that creates as regulation tightens, and what it plans to do to reduce it.
“Revisit Plastics Packaging Policies”
0 of 4 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Vanguard Value Index Fund | AGAINST | 38,734,245 |
| Nuveen Large Cap Value Index Fund | AGAINST | 1,828,273 |
| Janus Henderson Adaptive Risk Managed U.S. Equity Fund | AGAINST | 139,449 |
| NVIT J.P. Morgan Large Cap Growth Fund | AGAINST | 4,732 |
The same proposal was put to PepsiCo, General Mills, Wendy's.
5 June 2025 · put on the ballot by shareholder · Climate & environment
Should Walmart report on the single-use plastic it puts into the world?
Shareholders asked for a report on how much single-use plastic packaging the company uses, the risks that creates as regulation tightens, and what it plans to do to reduce it.
“Report on Reduction of Plastic Packaging and Recyclability Claims”
0 of 2 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| JPMorgan Large Cap Growth Fund | AGAINST | 22,149,890 |
| Capital Appreciation Fund | AGAINST | 198,588 |
The same proposal was put to PepsiCo, General Mills, Wendy's.
5 June 2025 · put on the ballot by shareholder · Workforce & human rights
Should Walmart explain how its board oversees the safety of the people who work for it?
Shareholders asked for a report on how health and safety is actually governed — who on the board is accountable, what the company measures, how injuries and fatalities are counted, and whether contractors and temporary workers are covered by the same standards as employees.
“Health and Safety Governance”
1 of 3 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| JPMorgan Large Cap Growth Fund | AGAINST | 22,149,890 |
| Blackrock Global Allocation Fund, Inc. | FOR | 1,243,547 |
| Capital Appreciation Fund | AGAINST | 198,588 |
The same proposal was put to Equinor Asa, Yum! Brands, Novo Nordisk A/S.
5 June 2025 · put on the ballot by shareholder · Workforce & human rights
Request for Third-Party Assessment of Company Policies Regarding Law Enforcement Information Requests Related to Medication Use by Customers and Employees
“Request for Third-Party Assessment of Company Policies Regarding Law Enforcement Information Requests Related to Medication Use by Customers and Employees”
0 of 1 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Blackrock Global Allocation Fund, Inc. | AGAINST | 1,243,547 |
5 June 2025 · put on the ballot by shareholder · Pay equity & inclusion
Should an independent auditor examine how Walmart affects civil rights?
Shareholders asked the board to commission an independent, third-party audit of the company’s impact on civil rights and racial equity — its workforce, its customers and the communities it operates in — and to publish what the auditor finds.
“Racial Equity Audit”
0 of 1 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Blackrock Global Allocation Fund, Inc. | AGAINST | 1,243,547 |
The same proposal was put to PepsiCo, Mastercard Incorporated, Caterpillar, Boeing, Deere, Bank of Nova Scotia.
5 June 2025 · put on the ballot by shareholder · Pay equity & inclusion
Report on Delays in Revising Diversity, Equity, and Inclusion (DEI) Initiatives
“Report on Delays in Revising Diversity, Equity, and Inclusion (DEI) Initiatives”
0 of 1 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Blackrock Global Allocation Fund, Inc. | AGAINST | 1,243,547 |
Vote these yourself
Say how you would have voted, then see what your own fund did. Open the ballot deck →