Sustainability Policy for Australian Hardware: Goals, Objectives, and Principles

This sustainability policy outlines the goals, objectives, and principles of Australian Hardware, a hardware and home improvement company in Australia. The company is committed to reducing water and energy consumption, conducting environmental audits, and complying with sustainability laws and regulations. Its sustainability principles include reducing environmental risk, maintaining intergenerational fairness, and investing in the community. The policy is signed by the most senior executive of the company.

Sustainability Policy
Vision: To become leader of hardware as well as home-improvement items in Australia in
next 5 years.
Sustainable Goals and Objectives
Objectives:
• To improve the environmental and social performance such as product
responsibility, labour practices as required by the framework of global reporting
initiatives.
• To enhance the recognition of company’s business in the community by maintaining
its goodwill and lawful image:
• To protect the natural resources used by the company such as eater land forests etc.
Goals:
• Reducing the water consumption by 10% each year
• Reducing the energy consumption by 7% per year
• Conducting environmental audits at each store once per year
Scope: Australian Hardware’s policy scope covers not only its employees but also the
contractors to ensure that only those business practices are undertaken which are sustainable
in nature.
Sustainability principles: Following sustainability principles are required to be strictly
adopted at Australian Hardware while carrying out the business operations.

• Reduction of environmental risk: A risk management plan must be developed and
monitored to identify and control the risk of company’s operations on the
environment.
• Intergenerational fairness: It must be ensured that the use of natural resources such
as energy water fuels etc. must be made in such a way that such resources remains
available to serve the needs of future generation.
• Maintaining biological diversity: Australian Hardware must ensure that its
operations are not affecting the lives of different species on earth. The company must
not use of any toxic materials or chemicals while undertaking its manufacturing
processes. It must prevent the manufacturing of such products that could cause harm
to the living beings on Earth.
• Integrated supply chain management: This principle must be adopted to ensure that
the supply chain management system of Australian Hardware is functioning properly.
Though, it is not possible for the company to select the vendors on the basis of
sustainability but it must be ensured by the company that firms it is dealing with are
providing the best quality of the products so that only quality products can be sold to
the ultimate customers (Goodland, 2000).
• Community investment and its social impact: Australian Hardware must take up
some charitable projects to support the noble causes for the society in which it is
operating its business. Also, it must arrange various socials campaign to impart
education and awareness among the employees and other members about the
importance of protecting the environment and its various constituents. The company
must ensure that it utilises the natural resources for the purpose of its business in the
most efficient way so as to avoid the wastage
Statement of commitment:

Australian Hardware is strongly committed to establish, promote and maintain a culture of
sustainability responsibility as well as environmental awareness by its staff, supply chain and
other stakeholders.
It must prepare and report on all the material matters related to its social, economic as well
environmental performance on the regular basis in the transparent manner so as to safeguard
the interest of its stakeholders such as employees, society, suppliers, customers and
governmental agencies.
Sustainability laws and regulations: Australian Hardware must be strongly committed to
comply with all the laws and regulations in relation to business sustainability. During the
course of business we will adhere to the following laws and standards to achieve the
acceptable level of sustainability:
• Environmental Protection and Biodiversity Conservation Act, 1999
• National Environment Protection Council Act, 1995
• AS/NZS ISO 14001: 2004: Environmental management system- Requirements with
guidance for use.
The statement of sustainability of Australian Hardware will go hand in hand with its
core corporate values and it promises to provide sustainable solutions to its customers
as well as its staff.
Signature (Name Most Senior Executive)
Title
Date