Australasian Reporting Awards Discussion 2022

Australasian Reporting Awards- Sustainability 1
Australasian Report Awards- Sustainability
By (Student’s Name)
Professor’s Name
Name of the Institution
Location of the Institution
Date

Australasian Reporting Awards- Sustainability 2
Australasian Reporting Awards- Sustainability
Introduction
The award highlighted above is a venue to celebrate and acknowledge excellence in
preparing annual reports. It is a yearly award event that involves companies from Australia, New
Zealand, and the Asia Pacific regions of the world. There are three categories of awards; gold,
silver, and bronze (Samudhram, Siew, Sinnakkannu, and Yeow, 2016, p. 94-104). Wesfarmers
Limited is a company that has its origin in 1914. Western Australia farmers' cooperative and has
now grown to be one of the largest and successful companies in Australia with the headquarters
in Western Australia. It has diverse business dealings, outdoor living and home improvements,
general merchandise, and apparel; Industrial divisions with business in fertilizers, chemicals,
industrial and safety products, and energy. The company has a shareholder base of around
484000 and is one of the largest employers in Australia's economy; therefore, they deserved the
Gold Award 2019 in the Australasian Reporting Awards- Sustainability.
The company derives its revenue from a diverse portfolio of setups and operations that
include office supplies, hardware, fertilizer and chemical manufacture, gas distribution and
processing, department store detailing and apparel, and the distribution of industrial safety
products. It has several employees approximated to be 105000 spread over the company
branches that operate predominantly in New Zealand, Australia, and the United Kingdom
administered centrally from the Head Office in Perth. It is a listed company of the ASX under the
WES ticker code. They have brands that range from "Bunnings," which is a retailer in home
improvement products and outdoor living. Secondly, "Target," which is a retailer in homeware
and general merchandise,=. Thirdly "Office Works" operate in retail office supplies.

Australasian Reporting Awards- Sustainability 3
Desired Business Outcomes
There are several excellent business outcomes regarding the company's sustainability-
related strategic directions and their links to the company’s operational imperatives. In the course
of the company functionality, several important issues come with strategic planning. There are
plans to consider the three bottom-line aspects of a sustainable plot; profit, planet, and people.
When the highlighted groups are catered for in the sustainability plans, then the business
outcomes are very profitable. The people around find employment opportunities that are an
added advantage to the business wing of the organization (Bedarkar, and Pandita, 2014, p.106-
115). Profits in the company are not the end goal of production but just a tool towards full
economic power realization. This assists the company to take care of other aspects that affect the
production and functionality to assist in desirable work outcomes.
Taxing systems and regulations are also outcomes of the strategies of the company in
business outcomes. The capability of the company to produce so much revenue that the
government finds profitable due to taxation regulations. Also, to finalize the aim of the strategies
towards the subsidization of the rules favorable to all involved parties. Investors who are
attracted by the business strategies under sustainability are moved to not only invest in the
economic fields of Wesfarm Company but also have an input in their social and environmental
roles and requirements of the company. This boosts the image of the company, thus improving
the collaborations with other farms that finally lead to effective, efficient, and productive
business outcomes of the company.
Models based on demand and not offers ensures that there is controlled the selling of the
company’s products in that there is a sustainable concept of discouraging the sale of excess