Corporate Sustainability: A Case Study of Wesfarmers

This paper provides a case study of Wesfarmers, focusing on their sustainable management and corporate sustainability. It discusses the current sustainability position of the organization, evaluates sustainability reporting issues, and explores their sustainability strategy.

Corporate Sustainability
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Table of Contents
Introduction.................................................................................................................................................2
Organisation overview.................................................................................................................................2
Current sustainability position of the organisation......................................................................................2
Evaluation of the sustainability reporting issue in the organisation.............................................................4
Sustainability strategy for the organisation..................................................................................................6
Conclusion...................................................................................................................................................9
References.................................................................................................................................................10
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Introduction
The primary reason of the paper is to supply a suitable and effective view regarding sustainable
management and the corporate sustainability of the firm. To effectively understand the
sustainable development within the firm the organisation Wesfarmers has been selected. The
paper discusses the current sustainability factor of the firm along with the sustainable issue that
has been faced by the firm to maintain its activity within the field. The paper also discusses the
triple bottom line strategy that has been effectively utilised within the firm for the betterment of
the working function within the market. The paper also discusses the suitable development of the
business and their proper activity in the field for developing their value within the market and
provides a suitable activity within the field.
Organisation overview
Wesfarmers Limited is the conglomerate industry firm within Australia, and it was founded in
the year 1914. This organisation is considered to be the largest Australian company in term of
revenue, and even they are the largest private employee company in Australia that holds the
workforce balance of almost 223,000 people (Wesfarmers Annual report, 2019). The
organisation serves the area of Australia, India, Ireland, and New Zealand and the United
Kingdom. The organisation is having a revenue of more than 68.44 billion Australian , and the
operating income level of the firm is almost 4.40 billion Australian dollars. The primary
objective of the firm is to provide a satisfactory return to its shareholders by maintaining the
value of the firm. In the year 2018, the organisation has a significant growth where the entire
business has valuable and effective development within the field (Wesfarmers Annual report,
2019). The organisation maintains its value and their activity in term of sustainable development
by providing the valuable working process within the field. The organisation is primarily known
for its sustainability activity to the shareholders and the employees and even the stakeholders of
the firm for developing their value and their business process. The organisation is associated
with the various firms that provide the most valuable development within the field.
Current sustainability position of the organisation
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The organisation Wesfarmers effectively maintains the sustainability activity within the firm, and
they perform the proper preparation of the sustainability report for the business. Wesfarmers is
highly committed towards their shareholders than the customers as well as the employees for the
creation of value within the firm (Meckenstock et al., 2016). For the long term value creation
within the trade, it is highly necessary for the firm that they uphold their activity most positively
and effectively. In the organisation, sustainability is considered to be the understanding as well
as managing the ways that impact the community as well as the environment for ensuring the
creation of value within the field. The organisation acknowledged the most effective scientific
consensus that also on the climate change as well as the effects which might have the concern
with the customers then the operation of the firm along with the economy as well as the
communities (Qian et al., 2018). The organisation is highly committed to reducing their footprint
as well as for delivering effective solutions which effectively support the customers along with
the community. For the organisation maintaining the sustainable development within the firm is
highly effective for maintaining their value and their operational activity within the market.
The sustainability within the firm is considered to be critical as well as the governance and even
the strategic issue within the business. In this situation, the management is highly responsible for
managing as well as assessing sustainability risk along with the opportunities for the divisional
board of the firm. The Dow Jones Sustainability Indices effectively consider Wesfarmers as the
Global leaders in term of sustainability (Popovic et al., 2018). The organisation provides the
strongest performance level in the area of health along with the nutrition than the information
and the cybersecurity, management along with the environmental policy and even corporate
citizenship. The organisation considers the building of the divers as well as the inclusive
workforce which is an opportunity for driving the strong as well as the sustainable shareholder
returns. They even maintain the suppliers for their products that deal with the sustainable
working function and farming within the market (Assembly, 2015). The organisation maintains
all organic products in term of its food and other items. It can also be seen that the sustainability
activity of the firm to preserve its value within the marketplace and provide the best activity for
the firm. The organisation establishes its activity for delivering the working function within the
field.
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The organisation has its sustainability activity in term of the community contributions where
they have the most effective value within the field. It can be effectively seen that the organisation
has the most developed value within the field. In the market, it can be seen that the activity and
the business process of the firm are to develop their market and their commerce procedure within
the field for the enhancement of sustainable activity for the community development (Zhang et
al., 2015). The organisation effectively maintain the sustainable development with the help of
valuable working function like by using the sustainable and environmentally friendly products
and items within the business that would help the customers to get the valuable deal within the
market. The climate change also has a vital and effective impact on the development of the firm
and the suitable working function in the market (Richter et al., 2017). Climate change is
effectively incorporated within the broader sustainability strategy that is effectively maintained
for the development of the firm. They even maintain food safety as well as the energy cost for
the enhancement of the energy cost and the store operation for the betterment of the firm.
The sustainability activity of the firm also has a valuable business process with the climate
changing challenges that has the most vital impact over the business. The organisation emits the
greenhouse gas both the direction as well as indirectly from the business as well as the working
function of the firm (Liu et al., 2016). It is an effective, sustainable process of the organisation to
deal with the condition and offer the most effective view within the market. The entire activity of
the company is to present the value and the appreciative of the most successful impact on the
working function of the field. In most of the situation, it can be seen that the environmental
movement of the company is to deal with the condition and maintain their value within the
market (Hák, Janoušková, & Moldan, 2016). The other environmental factor of the entire field is
to maintain their value for the expansion of the working function within the field. The
organisation helps to develop the value within their market with the help of suitable sustainable
program within the field. The carbon emission from the firm also has an effective impact on the
sustainable development of the firm. It efficiently helps the firm to maintain their value as well
as their operational function within the field.
Evaluation of the sustainability reporting issue in the organisation
The organisation Wesfarmers effectively maintains its sustainable activity for the development
of the business process within the firm. The organisation effectively develops its value for
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strengthening the existing business as well as the operating challenge for dealing with the
situation. The sustainability issues within the organisation can be seen within the human rights
than the divisional level of senior management (Sauvé, Bernard, & Sloan, 2016). It is the fact
that the each of the division has the effective and the suitable strategic team that identifies as
well as manages the sustainability issues that are relevant to the business in term of the modern
slavery as well as the human right risk within the field. The organisation maintains its ethical
value for the improvement of the entire activity to maintain its value within the field. The
organisation Wesfarmers with the help of the ethical value and the human rights issue develop
their working function and the monitoring tools to analyse their value within the market
(Nicolescu, 2018). The business even maintains the sustainability issue that they face due to the
supply chain activity of the firm. The suppliers of the firm need to maintain the sustainability
within their products and valuable activity as this allows them to maintain the products.
The organisation effectively accepts the intergovernmental Panel that also on the climate change
for reducing the carbon emission and the cost of the energy within the market. The sustainable
issue that is relevant to the business has an effective working function within the market
(Stafford-Smith et al., 2017). The organisation maintains its human rights in term of the no
forced or the bounded labour hours for suitable and effective value within the field. Wesfarmers
effectively utilise the various working function and the country risk of the firm. The coverage of
the ethical sourcing audit the programs for the development of the entire activity of the firm and
to deal with the most effective working function. Depending on the activity for maintaining their
value and their working function within the field (Kolk, 2016). Workers in the supply chain
activity of the company are to provide a better development process within the field. Wesfarmers
needs to value their activity for maintaining their staff members and their human rights within
the process. It can be effectively understood from the process that the organisation due to the
sustainable activity has to maintain their firm for the development of the working function.
The organisation with its operating sustainability with the strategy that eventually helps the firm
to ensure sustainability through the help of the responsible especially for the long-term
management. The organisation needs to maintain its activity and its value for the firm to expand
their marketplace and their business process within the field (Gupta, & Vegelin, 2016). The firm
with its sustainable operational activity help to analyse the business process and the working
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function effectively within the market. The organisation effectively recognises the importance of
the committed as well as the identification of the monitoring process for maintaining the value of
the firm. It is highly essential for the business to develop their value within the market and
provide the essential operational function within the market. The strategic function and the
activity of the firm are to increase the competition level as well as the maintenance of personnel
management for dealing with the business process and the working function of the organisation
(Costanza et al., 2016). Wesfarmers will effectively continue to focus on the leveraging the data
as well as the digital capabilities for making the effective development within the business and
for the enhancement of the working function. In this organisation each of the divisional board
that has an effective value to deal with the situation.
Wesfarmers primarily support the transition as well as the low carbon economy for the expansion
of the valuable working function and the financial activity within the field. The organisation is
also working towards embedding of the climate change strategy for the development of the
business with the sustainable activity of the firm (Busch, Bauer, & Orlitzky, 2016). They are
effective in the process of reducing the environmental footprint of the firm within the market as
this helps them to maintain their activity efficiently within the market. For the business, it is
highly essential that they hold their sustainability activity within the firm for the development of
valuable working function within the market (Lozano et al., 2015). Wesfarmers even support the
sustainable development goal of the United Nations as well as aim to make progress even for the
betterment of the business within the field. The benchmark analysis within the field effectively
helps them to develop their value and their understanding within the market in term of
sustainable activity. It is effectively good for the business to maintain the sustainability activity
within the field to enhance the market value and the competitive advantages of the firm.
Sustainability strategy for the organisation
The organisation Wesfarmers need to develop its sustainable strategy in the most effective and
suitable way, and for this, the effective strategy of triple Bottom line is highly essential for the
business. The triple bottom line is considered to be the main system that is effectively utilised
within the business for accessing the profits as they are making through their corporate
sustainability (Hajer et al., 2015). This method helps the business to look ahead of the traditional
bottom line of the organisation to the proceeds that the industry makes socially then
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environmentally as well as economically. The triple bottom line is effectively utilised within the
business by maintaining the activity of the firm for the improvement of the situation. With the
help of this method the business cane effectively understand their market value and their
development process within the field. The three-factor of the triple bottom line effectively help
the firm to enhance its value and their profit making activity within the market (Langer et al.,
2015). For sustainable activity, it is highly essential that the business develop their society than
the environmental as well as an economic value within the market. In some of the procedure, it
can be seen that the entire action of the company has to deal with the sustainable circumstances
within the firm for the betterment of the business and the working function.
Social sustainability is the part of the triple bottom line strategy that effectively utilised for
measuring the business profit within the human capital that comprises the location within the
local culture. The social bottom line of the business will effectively be increased by having the
fair as well as the beneficial labour for the development of the firm and their activity within the
field (Ramos et al., 2015). Social sustainability is also essential for measuring the impact of the
business activities that also on the local economy like the corporate social responsibility of the
business that they develop within the market. The business has the developed value within the
market that would allow the business to maintain their activities within the field. This allows the
business to nurture the positive relationship with the community and the market that eventually
allow the firm for the betterment of the sustainable activity in the business. The social bottom
line provides the question to the Wesfarmers believes that the less of the business pays to their
workforce the longer they will be able to maintain the workforce and the activity of the firm
(Lukman et al., 2016). The business with the desirable workplace and the activity needs to
expand their value as well as their understanding within the field for the betterment of the
working function within the market.
The environmental sustainability of the triple bottom line approach that effectively takes the
view regarding the small impact over the business for the improvement of the working function
of the entire process within the market. The environmental factor allows the business to hold
their position effectively within the market that would develop the business for enhancing the
view of the firm in the long run (Kieny et al., 2017). Controlling the environmental bottom line
effectively means for the business that they manage then monitor as well as report the business
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consumption along with the waste and the emission of the firm. This is considered to be the
typical work of the EHS department of the firm where most of the sustainable business model is
developed effectively within the business. A sustainability committee is primarily required for
the communication of the sustainability solutions along with the sustainability goal all over the
departments (Nerini et al., 2018). The measuring, as well as the reporting of the ecological
bottom line, is positively possible through depending on the size of the trade and even it can be
time-consuming as well as difficult procedure for the firm to maintain their activity within the
field. In most of the situation, it can be seen that the entire action of the company has to deal with
the process along with the valuable activity in the field.
Economic sustainability in the triple bottom line approach is one of the most effective
approaches that deal with the corporate capital of the firm not only in the traditional way. The
economic capital under the triple bottom line is effectively measured in term of the business that
has a huge impact over the business along with the economic environment (Kieny et al., 2017).
The business with strengthening the economy is the part of the business for the development of
valuable process within the field. The economic development of the firm effectively helps them
to maintain their value and their position for enhancing the most valuable process within the
field. The business needs to be aware of the traditional profits as well as the tipple bottom line
for the improvement of the business process within the market (Jizi, 2017). The triple bottom
line helps the business for maintaining their value and their activity within the field that would
help them to maintain the situation. The entire activity has a valuable process for the
development of the firm and the suitable account that allow the business to market its economic
development process within the value of the firm. In every activity of the firm is to maintain their
value and their business process in the field.
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Conclusion
The paper finally concludes the information that the activity of the firm and their value is highly
developed with the help of sustainable development within the market. Wesfarmers effectively
maintain their activity and their worth within the market for the betterment of the organisation
and also to analyse the situation. The paper also concludes that with the help of the triple bottom
line strategy the business can maintain their strategy and their value within the market that would
develop the working function of the firm within the market. The paper even concludes that the
use of triple bottom line as the primary strategy for the development of the firm is highly
essential to preserve the activity of the field and the expensive working function within the
market. The paper also conclude that the entire activity of the organisation is to develop the
value of the market within the field that eventually help to maintain the activity of the entire
process within the field.
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