Coles Sustainability Strategies and Implementation

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COLES SUSTAINABLITY STRATEGIES AND IMPLEMENTATION
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Today, sustainability is not only becoming important across all companies but also a crucial
business practice with missions of creating long term values with regards to social, economic as
well as ecological environment (Bhakar et al., 2016). Notably, sustainable companies’ objectives
reduce environmental footprint since they come up with initiatives that reduce waste, unethical
environmental practices as well as inappropriate environmental stewardship which offer reduced
levels of sustainability within the practices of the company (Wesfarmers, 2019). Therefore, it is
worth noting that every company has its own initiative of promoting as well as practicing
sustainability. This analysis focuses on suitability of Coles Group Limited- an Australian based
organization which operates in retail industry predominantly as well as its implementation
strategies (Coles, 2019).
To begin with, Coles’ focus is reducing greenhouse gas emissions while reducing costs at the
same time. Notably, the company is investing about 24.5 million in efficient energy projects with
the aim of minimizing their negative environmental impacts. In the initiative which began in the
year 2012, the company’s first proper implementation through their decision to replace lights
with LED with the aim of completing it by this year (2019). On the other hand, the second
action that is related to energy efficiency projects is installing solar panels. Although this
strategy is still in process and the company is planning for development in the future, they have
about 26 stores that they have successfully installed solar (Coles 2019).
It is worth noting that, due to the energy efficiency projects, Coles has decreased their electricity
consumptions by one per cent, even though they raised number of supermarkets by eight as well
as convenience stores by 25. Besides, Coles’ numbers of stores are growing but their greenhouse
gas emissions are decreasing over the past. It is worth noting that due to the energy efficiency
projects, Coles Group Limited has succeeded in reducing carbon emission from refringent by