BSBSUS501: Westpac Ltd. Sustainability Policy and Procedures

This report provides a comprehensive analysis of Westpac Ltd.'s sustainability initiatives, focusing on the development and implementation of workplace policies and procedures. It examines relevant legislation, including the Tasmania Mines Work health and Safety Act 2002 and the Work Health and Safety Act 2012, along with the National Environment Protection Council Act 1995 and the Pollution of Waters by Oil and Noxious Substances Act 1986. The report delves into Westpac's life cycle management approach, covering Life Cycle Assessment (LCA) and Life Cycle Costing (LCC), and explores the company's goals to reduce paper and printing consumables. It outlines strategies for reducing toxic materials and hazardous chemicals, such as chlorine, and details the responsibilities of managers, administrative officers, and all employees in promoting sustainable practices. The report also describes the procedures and systems for implementing the sustainability policy, including monitoring, record-keeping, and review processes. The analysis includes desired outcomes, performance indicators, and strategies to promote sustainability within the organization. Finally, the report highlights the importance of continuous improvement and the role of a dedicated sustainability team in gathering information and implementing new ideas to further enhance Westpac's environmental performance.

Running head: SUSTAINABILITY OF WESTPAC LTD.
SUSTAINABILITY OF WESTPAC LTD.
Name of Student
Name of University
Author’s Note

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PART B
ACTIVITY 1:
1. Relevant Legislation, Regulations and/or Codes of Practice
Tasmania
Mines Work health and Safety Act 2002
Work Health and Safety Act 2012
Victoria
National Environment Protection Council Act 1995
Pollution of Waters by Oil and Noxious Substances Act 1986
2. Source/References
Acts and Regulations. (2019). Worksafe.tas.gov.au. Retrieved 19 December 2019, from
https://worksafe.tas.gov.au/topics/laws-and-compliance/acts-and-regulations
Victoria, E. (2019). Acts administered by EPA. Epa.vic.gov.au. Retrieved 19 December
2019, from https://www.epa.vic.gov.au/about-epa/laws/acts (Panagiotakopoulos, Espinosa &
Walker, 2016)
3. Policy Owner
Chief Executive Officer
Chief Operation Officer
Sustainability Manager
Department Manager
General Manager

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Introduction and Life Cycle Management Approach
Introduction
Student responses must cover every concept listed below,
The Life cycle management thinking can be termed as a comprehensive life cycle approach to
manage a organizations. The managing of the organizations and involvement of the all the
stakeholders can be done by implementing the value chain. LCM assists the management of
the company to manage the life cycle of the products using the sustainability approach. The
effects of the Life Cycle Management can be used for services also. Life cycle management
does not consider the whole part rather it consider the discrete part.
Life Cycle management approach
Student response must include each dot point:
 Life Cycle Assessment (LCA)Ç Life Cycle Assessment is one of the process where
the environment impacts are being evaluated through the life cycle of the product. The
life cycle of the product includes production, use and disposal. The life cycle also
includes the upstream and downstream of the product.
 Life Cycle Costing (LCC): Life Cycle Costing is the mixture of all costs that the
company realise over the life span of an asset. Life Cycle Costing is one of the
integral part of the capital budgeting that determines the return on Investment for the
product (Klute-Wenig & Refflinghaus, 2015).
Purpose
 ensure that all staff at Westpac Group are fully informed about sustainable practice
 Westpac Groups has provided their support on preserving the:

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o Resources and
o Environment
Scope
 The paperless company are being promoted by the management of the company, so
that the use of paper and ink can be reduced. This will benefit the environment.
The use of paperless product will promote the sustainable practices to the environment.
Goals/Objectives
 The company always being the part of the community.
 The company also believes in improving the staff by providing considerable amount
of training.
 The company encourages new policies that will enable the staff to not use the paper.
 The company also created policies to reduce the use of ink.
Desired Outcomes and Performance Indicators
Outcome Corresponding performance indicator
Reduce paper To reduce the use of paper by 70%.
Reduce printing consumables The Bank’s policies enable the company to reduce
the use of ink by 40% in every year.
Toxic Material and Hazardous Chemical Use Reduction Strategies
Reduction in the use of paper enables the company to reduce the toxic chemical like
chlorine. These chlorine produced toxic material like carcinogenic chemical that pollute the
air and water.

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Sustainability Strategies/ Activities to be Undertaken
 The company developed policies that assist the staff to not use the paper and hence
the deforestation can be reduced by considerable means.
 The company purchase the edible ink that reduces the use of hazardous chemicals of
ink.
 The company also developed policies to train the employees that will enable them to
adopt the use of sustainability approach in profession.
All the used paper are recycled and used again.
Responsibilities
Manager:
 The manager needs to set up all reward and recognition programmes, so that the
employees will be motivated to adopt the sustainable approach.
 The manager need to ensure that every employees using the adhering policy.
 The managers need to conduct the meeting on sustainability approach of the
company.
 The managers needs to train their employees thoroughly.
Administrative Officer:
 The admin needs to proactive to address the issue to the manger almost on immediate
basis.
 Admin should report to the managers if any staff not following the policies or not.
 Admin should always monitor the sustainable data.
 Role modelling sustainable practices

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All employees:
 All employees must follow the policies implemented by the company.
 The employees must share innovative ideas in the meeting.
 The employees should blend according to the situations.
The employees should aware of the policies that are implemented by the company in its
system
Procedures and Systems for Implementation
Systems Procedures
 Upon approval, this policy will
be included in Westpac Group’s
policy and procedure database.
This is accessible to all staff
 New policy implementation
procedure
 This policy will be
communicated to existing staff at
a staff meeting prior to
implementation
 Staff communication procedure
Monitoring and Record Keeping
Monitoring Record Keeping
 Reviewing costs of office
consumables to track reduction
 Record costs of office
consumables to track reduction

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strategy effectiveness strategy effectiveness
Review/Evaluation Process
Manager
Continuous Improvement of Resource Efficiency
 The manager must gather information from the sustainability report to implement new
ideas in next year that will assists the company to operate in sustainable manner.
 If any issues arise during the operation of the sustainable practice then the
management of the company needs to look into the matter proactively (Johnson,
2015).
Review/Evaluation Process
 The bank needs to review the sustainable data in every 12 month, so that the bank can
remain updated in every 12 month. .
 The company needs to form a sustainable team that will assists the company to gather
information regarding the real life sustainable problem that exist in the world and in
which the bank can implement ideas to reassure that the sustainability can actually
benefit the environment and the society.