Comparison of Sustainability Approaches: Woolworths vs Qantas
Verified
Added on 2022/12/23
|11
|2708
|56
AI Summary
This paper compares the sustainability approaches of Woolworths and Qantas, two selected organizations. It discusses their core business activities, issues faced, sustainable development goals, and adherence to stated values. Both companies are in the efficiency stage of sustainability.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Running head: BUSINESS, SOCIETY AND PLANET BUSINESS, SOCIETY AND PLANET Student’s Name University Name Author note
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
1BUSINESS, SOCIETY AND PLANET Introduction Transparency and accountability are considered as the two major driving forces for any business organization in the constantly evolving business environment. The sustainability report and the corporate social responsibility report of the business organization provides information about the activitiesof the business organization and this information is required by the governmentofficials,investors,customersandclientsofthebusinessorganization.The sustainability report of the business organization is published for the motive of communicating to the company information and the activities to the community and the government officials. The purpose of this paper is to compare the two selected organizations Woolworths and Quanta’s and analyze their approaches towards sustainability and their efforts. The paper discusses on the range of issues dealt by the selected organizations and compares the sustainability reports of the twoorganizations.Itdescribesthecorebusinessactivitiesofthetwoselectedbusiness organizations.Itdiscussesontherangeofissuesandactivitiesfacedbythebusiness organizations. It identifies the sustainability development goals and its reflection on the two companies. Lastly, the report concludes by reflecting on the sustainability reports of the companies and their compliance with the states values of the business organizations.
2BUSINESS, SOCIETY AND PLANET Discussion 1.Core business activities of two companies Qantas was founded in the year 1920 in Queensland and has expanded to be one of Australia’s largest international and domestic airlines. The organization is known to be the world’s largest airline for long distance and considered to be one of the strongest brands in the country. The company is known for its excellence in safety, reliability, and maintenance andcustomerservice.Thecorebusinessactivityof Quantasisthetransportationof passengersusingtwocomplementaryairlinebrandsthatisJetstarandQantas.The organization mainly operates in the regional, domestic as well as international services. The portfolio of the company ranges from Quantas freight enterprises to Qantas frequent flyer (Adams, 2017). On the other hand, Woolworth’s groups are one of the largest retail organizations in Australia. The company has become a purpose led organization. The main motive of the business organization is to create better experience and service together for the betterment of the future. It creates a framework within the business organization in the ways in which it plans to operate for the betterment of the future for their customers as well as the community in which it services along with the shareholders. The core values of the company is the care deeply, do the right thing always and to listen and learn. The key priority of the company is to focus on key growth drivers of the business organization for ensuring positive outcomes for its potential customers as well as the employees of the organization and grow shareholder value. The company has been evolving with the changes in the customer needs and demands
3BUSINESS, SOCIETY AND PLANET (AO Dos Santos et al., 2014). The main priority of the company is food and everyday needs of the retail ecosystem as well as [partnering with the group’s range and services. 2.Ranges of issues dealt by the companies Woolworths has been facing challenges and issues as there is slow consumer cycle and slow growth rate in the market. The focus on the consumer has been shifted from fresh foods and broader categories of grocery. Further, there has been lack of product innovation by the business organizationandlackofcreativity.Theorganizationhasbeenfacingissueswithits communication to the stakeholders of the organization. It has failed to keep up with the expectations of the consumers. The company has lacked integration of its marketing and communication strategies at various levels of the business organization. The growing challenges and issues of the business organization have led to decrease in the share prices. Moreover, rise in competition in the market especially from Coles and Aldi has reduced profitability of the company(Bocken,etal.,2014).However,thecompanyhascovereduptheissuesby maximizing its communication impact through various integration tools such as sales promotion, direct mailing to the consumer, advertising, telemarketing and increase online presence. Further, the company has also taken approach of excessive stock outs. On the other hand, Quantas has been facing issues due to the increased level of competition in the market especially from the big Middle East carriers. The company has also suffered high level of competition from the local competitors such as Ryan air, which offers low cost carriers and eatables into its domestic and other short haul businesses in the market. However, the company has tactfully covered up its issues by offering full service airline with
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
4BUSINESS, SOCIETY AND PLANET high standards and a proper, efficient workforce(Evans, et al., 2017). This has enabled the organization to gain the attention of the Australian people and enable them to buy tickets with the cheapest option. 3.Identification of sustainable development goals The retail sector is considered to be the driving force for the economy. The retail sector plays an important role to boost the economic health of the industry and sustainable growth. With the help of industrial strategy and good work plan, steps have been taken to create a stronger and fairer society. Therefore, the retail organizations must fulfill the ambitions and initiative its business operations and activities towards better retail and better world initiative. Woolworths needs to address the human right issues in the business organization such as embedding policies towards eliminating the fees for recruitment and support the employees by providing a safer and fair working environment(Klettner, Clarke & Boersma, 2014). The company must take initiate to focus on transitioning into a more sustainable and environment free business model. It needs to adapt to a more responsible sourcing policies and practices. Working in collaboration with the consumersandthegovernmentarethekeytosuccessfulimplementationofsustainable development goals. It needs to take initiative to reduce the greenhouse gas emission and work towards eliminating deforestation. Further, the company needs to take part with the government, civil society, members of the community and the private sector and coordinate towards building a better retail and better world. It must take initiative to cope up with the challenges and the issues faced by the whole retail industry such as modern slavery, sustainable economic growth, responsible consumption and production. As per the sustainability report Woolworths has been providingsafe,responsibleandmorereliablysourceproducts.Thecompanyhasbeen
5BUSINESS, SOCIETY AND PLANET encouraging diversity and embraces the goals which support diversity and aim towards tolerance and respect. It promotes gender quality by leaving no gap in salary for male and female employees. Sustainabledevelopmentsinvolvesmainlythreeareas for developmentlikeeconomy, environment and society and the business organizations need to balance the interests for producing beneficial results for the people. As per the sustainability report, it has been identified that Quantas supports 15 out of 17 sustainable development goals starting from decent service to reduce inequalities. The business organization has been continuing to grow and expand in a highly sustainable manner(Morioka,Evans & de Carvalho, 2016). The company can strive to become more efficient in the years to come. The company has set standards as well as regulations that are essential for safety, security, capacity and environmental protection against the set priorities and standards. Quantas has been operating with high level of integrity through safety, people, society and environmental policies. It has a strong corporate governance and transparency in reporting. 4.Sustainability phase of the companies As per the analysis, it has been identified that both the companies are in the efficiency stage of sustainability and focuses mainly on transformation and risk reductions. The companies have been identifying impacts of its operations in the society and its customers to enhance the service providedtothem.Quantashasbeenoperatingwithhighlevelofintegrityandusing sustainability to inspire performance improvements. Woolworths has been dealing with its business operations to overcome obstacles and assessing risks. Woolworths has been taking
6BUSINESS, SOCIETY AND PLANET initiatives towards a healthy environment impacting value chain and working with suppliers, operations and service providers(Schaltegger et al., 2016). The company has been moving towardsacircularenvironmentandsourcingmoreenvironmentallyandsustainable commodities. Further is has taken step towards zero food waste and improve its recyclability through brand packaging and contributing towards a circular environment. The company has responded towards reducing of carbon emissions and innovate more with naturals refrigerants and minimize refrigerant leakage in the stores. Therefore, Woolworths is at the efficiency stage of sustainability and risk reduction(Schaltegger et al., 2016). On the other hand, Quantas has been carrying Australian to their destination while minimizing impact on the environment. The company has been taking initiatives thorough carbon offsetting and reducing of waste. They are highly committed towards reducing carbon emissions by 50% by the year 2050. The company is supported by its government activities and its robust governance processes ensures performance of the organization and monitoring of risks (Morioka,Evans & de Carvalho, 2016). The company highly supports the global priority of limiting global warming. It has been playing an active role in meeting the sustainability goals and meeting the ambitious targets of the company. Further, the company has been taking initiativestoincreasefuelefficiencythroughfleetmodernizationandotheroperational improvements. The company utilizes bio-fuels as well as carbon offsets. Therefore, it can be said that the company is also in an efficiency stage of sustainability. 5.Adherence to the stated values
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
7BUSINESS, SOCIETY AND PLANET As per the stated values of Quantas, it operates its business activities to minimize its impacts on the environment. The company leads its operations towards sustainability and carbon offsets as well as waste reduction initiatives. As per the sustainability reports the company has adhering to the stated values. The Qantas group has been operating to satisfy the customers, offering health security and other environment and regulatory requirements. the environmental activities of the business organization are highly supported with robust governance processes and ensure performance(Evans,etal.,2017).Thecompanyhasauniquepartnershipwithother organizations which uses research and experiments for enhancing their customer insights as well as on environmental sustainability. The customer has played a key role in covering the environmental issues. The company has been working towards fuel efficiency and reduction of environmental impact. It has taken initiatives for fleet modernization and the industry standards. Henceforth, it can be said that the company has complied and carried out its business activities as per the stated values. On the other hand, Woolworth’s group has also embraced its [preset core values of the company in areas such as labor and human rights, anti-corruption and fair and secure working environment. The core values of the business organization define what the company stands for and its ways of operating the business(Morioka, Evans & de Carvalho, 2016). The sustainability work of the business organization states the positive contribution of the company towards its customers, employees and the community as a whole along with living their value. As the company deeply cares, the company has implemented an approach for safeguarding the human rights of the workers and its suppliers. The company listens and learns; thereby removing plastic bags from the stores has been their initiative towards environment(Schaltegger et al., 2016). As the company ‘do the right thing’, it has implemented new technologies to reduce emission and
8BUSINESS, SOCIETY AND PLANET footprints of their activities. Further, it has genuine commitment towards build trust and confidence rather than just words. Conclusion Therefore,fromtheaboveanalysis,itcanbestatedthattheboththeselected organizations Woolworths and Quantas has been taking initiatives towards sustainability. The approach of both the companies towards sustainability is massive. Woolworths has taken lot of initiatives towards human rights policies and adhered with the stated values of the business organization. On the other hand, Quantas has also been taking initiatives to reduce global temperature by utilizing bio-fuels and other energy efficient resources. It complies with the states values and standards of the industry. Both the companies are in the efficiency stage of sustainability, working towards sustainability as per the sustainability report.The report has compared the sustainability report of the companies and discussed on their approach towards sustainability. It has identified the sustainability development goals and discussed their extent to which it has been addressed.
9BUSINESS, SOCIETY AND PLANET References Adams, C. A. (2017). The Sustainable Development Goals, integrated thinking and the integrated report.Published by the IIRC and ICAS. AO Dos Santos, M., Svensson, G., & Padin, C. (2014). Implementation, monitoring and evaluationofsustainablebusinesspractices:frameworkandempirical illustration.Corporate Governance,14(4), 515-530. Bocken, N. M., Short, S. W., Rana, P., & Evans, S. (2014). A literature and practice review to develop sustainable business model archetypes.Journal of cleaner production,65, 42-56. Cheng, M. M., Green, W. J., & Ko, J. C. W. (2014). The impact of strategic relevance and assurance of sustainability indicators on investors' decisions.Auditing: A Journal of Practice & Theory,34(1), 131-162. Evans, S., Vladimirova, D., Holgado, M., Van Fossen, K., Yang, M., Silva, E. A., & Barlow, C. Y. (2017). Business model innovation for sustainability: Towards a unified perspective for creation of sustainable business models.Business Strategy and the Environment,26(5), 597-608. Klettner, A., Clarke, T., & Boersma, M. (2014). The governance of corporate sustainability: Empiricalinsightsintothedevelopment,leadershipandimplementationof responsible business strategy.Journal of Business Ethics,122(1), 145-165. Morioka, S. N., Evans, S., & de Carvalho, M. M. (2016). Sustainable business model innovation: Exploring evidences in sustainability reporting.Procedia CIRP,40, 659- 667.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
10BUSINESS, SOCIETY AND PLANET Quantas.com(2019).Retrieved4September2019,from https://www.qantas.com/infodetail/about/environment/our-commitment-to- environmental-sustainability.pdf Schaltegger,S.,Hansen,E.G.,&Lüdeke-Freund,F.(2016).Businessmodelsfor sustainability: Origins, present research, and future avenues.