Comparison of Coles and Commonwealth Bank of Australia
Added on 2023-01-03
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Running head: BUSINESS ETHICS
BUSINESS ETHICS
Name of the Student
Name of the University
Author Note
BUSINESS ETHICS
Name of the Student
Name of the University
Author Note
BUSINESS ETHICS1
Q1. Identify and describe the two companies I have researched; their core business activities
and the countries and/or industries in which they operate.
The two companies selected by me are Coles and Commonwealth Bank of Australia.
Both the organizations are from Australia, but from different industries. Coles Group is a
public company from Australia, which operates various retail chains providing services
within the country. It was founded in the year of 1914, and the headquarter is in Hawthorn
East, Victoria. The industry from where the company belongs is the retail and consumer
services. Coles supermarket is the second largest supermarket chain in Australia, and the
group was the second largest retailer after Woolworths Limited, until and unless it was
acquired Wesfarmers. Steven Cain is the current CEO of the group. On the other hand, the
Commonwealth Bank of Australia is a multinational organization and the industry from
where it belongs is the banking and financial services. The company was founded in 1911,
and it has more than 1,100 branches and 4,300 ATMs worldwide. The bank operates in Asia,
the United Kingdom, New Zealand, the United States and Asia apart from Australia. The
headquarter of the bank is in Darling Harbour, Sydney. Catherine Livingstone is the
Chairman and Matt Comyn is the CEO and Managing director of the company. It is the
largest Australian company listed in the Australian Securities Exchange. The company
provides a range of financial services, which includes business, retail and institutional
banking.
Q2. What differences are evident between the two companies in terms of the range of issues
dealt with in their social reports and the depth of coverage on specific issues?
The report of the Coles Group and the Commonwealth Bank of Australia reflects the
descriptive information of the company, which includes the review of the year on which the
report is based, along with the statement from the chairman or chief executive director or
Q1. Identify and describe the two companies I have researched; their core business activities
and the countries and/or industries in which they operate.
The two companies selected by me are Coles and Commonwealth Bank of Australia.
Both the organizations are from Australia, but from different industries. Coles Group is a
public company from Australia, which operates various retail chains providing services
within the country. It was founded in the year of 1914, and the headquarter is in Hawthorn
East, Victoria. The industry from where the company belongs is the retail and consumer
services. Coles supermarket is the second largest supermarket chain in Australia, and the
group was the second largest retailer after Woolworths Limited, until and unless it was
acquired Wesfarmers. Steven Cain is the current CEO of the group. On the other hand, the
Commonwealth Bank of Australia is a multinational organization and the industry from
where it belongs is the banking and financial services. The company was founded in 1911,
and it has more than 1,100 branches and 4,300 ATMs worldwide. The bank operates in Asia,
the United Kingdom, New Zealand, the United States and Asia apart from Australia. The
headquarter of the bank is in Darling Harbour, Sydney. Catherine Livingstone is the
Chairman and Matt Comyn is the CEO and Managing director of the company. It is the
largest Australian company listed in the Australian Securities Exchange. The company
provides a range of financial services, which includes business, retail and institutional
banking.
Q2. What differences are evident between the two companies in terms of the range of issues
dealt with in their social reports and the depth of coverage on specific issues?
The report of the Coles Group and the Commonwealth Bank of Australia reflects the
descriptive information of the company, which includes the review of the year on which the
report is based, along with the statement from the chairman or chief executive director or
BUSINESS ETHICS2
manager’s messages towards the society regarding the business they are operating in their
respective industry. Both the reports of the companies review the business they have done as
the operating and financial review. But the report is the Commonwealth Bank reflects the
colour of their logo in their report, which helps to engage the readers of the report more than
that of the Coles Group. Apart from this, the Commonwealth Bank provides a business
overview of the year in a nutshell, which is attractive and smartly represented and also helps
the readers to go through it before reading the business report in details. The same thing is
also provided by the Commonwealth Bank, but in a bit lengthy way. The Coles Group
reviews the approach of delivering satisfactory returns to its shareholders along with the core
values of the company. Usage of graphical presentation is properly given in the report of the
Coles Group, whereas the usage of small pictures is done by the Commonwealth Bank in
their data representation in the report, which is very attractive and easy to read and eye
catchy. Usage of images are beautifully done by the Commonwealth Bank, whereas the
report of the Coles Group is a bit descriptive and lengthy. But one thing is beautifully
maintained by both the companies, and that is the business operations what they have done
and what are their planning in future to grow their respective business (Schlagwein,
Thorogood & Willcocks, 2014).
Q3. Discuss which of the Sustainable Development Goals you believe are most relevant to
these companies, their industries and the countries in which they operate. Discuss the extent
to which these SDGs were addressed, explicitly or implicitly, in the CSR/Sustainability
reports of your companies?
The Coles Group, now Wesfarmers, supports the Sustainable Development Goals
(SDGs). The most relevant SDG that should be followed by the Coles Group according to me
is the focus to end the poverty, inequality and injustice once and for all, as well as responding
o the climate change by 2030. These will help the organization to focus efficiently and try to
manager’s messages towards the society regarding the business they are operating in their
respective industry. Both the reports of the companies review the business they have done as
the operating and financial review. But the report is the Commonwealth Bank reflects the
colour of their logo in their report, which helps to engage the readers of the report more than
that of the Coles Group. Apart from this, the Commonwealth Bank provides a business
overview of the year in a nutshell, which is attractive and smartly represented and also helps
the readers to go through it before reading the business report in details. The same thing is
also provided by the Commonwealth Bank, but in a bit lengthy way. The Coles Group
reviews the approach of delivering satisfactory returns to its shareholders along with the core
values of the company. Usage of graphical presentation is properly given in the report of the
Coles Group, whereas the usage of small pictures is done by the Commonwealth Bank in
their data representation in the report, which is very attractive and easy to read and eye
catchy. Usage of images are beautifully done by the Commonwealth Bank, whereas the
report of the Coles Group is a bit descriptive and lengthy. But one thing is beautifully
maintained by both the companies, and that is the business operations what they have done
and what are their planning in future to grow their respective business (Schlagwein,
Thorogood & Willcocks, 2014).
Q3. Discuss which of the Sustainable Development Goals you believe are most relevant to
these companies, their industries and the countries in which they operate. Discuss the extent
to which these SDGs were addressed, explicitly or implicitly, in the CSR/Sustainability
reports of your companies?
The Coles Group, now Wesfarmers, supports the Sustainable Development Goals
(SDGs). The most relevant SDG that should be followed by the Coles Group according to me
is the focus to end the poverty, inequality and injustice once and for all, as well as responding
o the climate change by 2030. These will help the organization to focus efficiently and try to
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