Corporate Sustainability: A Case Study of Wesfarmers

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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