Business and Sustainable Development: A Comparative Study of Woolworths and BHP

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BUSINESS AND SUSTINABLE DEVELOPMENT 1
Contents
Answer 1................................................................................................................................................2
Answer 2................................................................................................................................................2
Answer 3................................................................................................................................................4
Answer 4................................................................................................................................................8
Answer 5................................................................................................................................................9
Answer 6..............................................................................................................................................10
References...........................................................................................................................................12

BUSINESS AND SUSTINABLE DEVELOPMENT 2
Answer 1
Both BHP and Woolworths are the leading companies of an Australian market. BHP
is an Anglo-Australian multinational company that is having its head office in Melbourne,
Victoria, Australia. BHP is the Australian registered Limited company that is listed on the
Securities Exchange of Australia and considers to be the widest company in Australia in
terms of market capitalisation (BHP, 2018). The industry in which the company conduct
their business is metals, mining and petroleum industry. The company is a dual listed
company of Australia. BHP was founded in 1885 in the isolated mining town of Broken Hill
of New South Wales (BHP, 2018). However, in 2017 BHP arrived as largest mining
company on the bases of market capitalization and on the bases of revenue the company is
ranked third in Australia. The core product in which the company deals are uranium, nickel,
natural gas, copper, petroleum, coal and iron core (BHP, 2018).
Woolworth Group is a multinational company it is having its head office at Bella
Vista, New South Wales, Australia. Woolworths Groups falls under the Retail industry. The
company is having its retail stores throughout Australia and New Zealand (Woolworths,
2018). In terms of revenue, Woolworth is considered to be the second largest company in
Australia after Wesfarmers. Woolworths Group is the leading liquor takeaway retailer of
Australia. The company is also operating hotels and Game zones in Australia. In the world,
the Woolworths Group was ranked 19th in the retail industry. The core business of the
Woolworths is operating supermarket, and liquor retailing, petrol, general merchandise, home
improvement, hotels, and gaming (Woolworths, 2018).

BUSINESS AND SUSTINABLE DEVELOPMENT 3
Answer 2
Both BHP and Woolworths have accepted the responsibility of Sustainability
development. The practice of sustainability development is a basic requirement that each
registered company has to follow and both the company are following this practice in respect
of their industry. The sign of following the sustainability development is mentioned in the
code of ethics conducted by the business.
In 2017, the Woolworths mainly deals in the following issues relating to the
environment and society- climate change resilience, diversity, human rights, ethical sourcing
and safety. The areas of sustainability that BHP has selected for performing corporate social
responsibility are health and safety at workplace, social contribution and investment,
greenhouse gas emission, and occupational exposures (BHP, 2017).
Moreover, both Woolworths and BHP contributing equally to the security, safety and
wellbeing of the particular employees and people associated with them with the help of
various policies and practices designed for aboriginal employment, development, training,
recruitment and more. Coles, Target, Kmart, Bunning in UK, Bunning in New Zealand and
Australia in terms of their office works adopted the sustainability practice of Woolworths
(Woolworths, 2018). The product wise assessment of the company is done in respect of
timber, cocoa and agricultural products this empowers the internal comparisons. The
company has incorporated a separate division of industrial product evaluation along with the
value of supply chain. Supply chain management is the chief component of the Woolworths
business operation. The Sustainability report of Woolworths is more detailed and
comprehensive. However, internal comparisons is not much made in terms of regional
performance in the BHP sustainability reports, the report of on BHP is less detailed (BHP,
2017).