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(DOC) Assignment- sustainability report

   

Added on  2021-02-19

6 Pages1172 Words38 Views
SUSTAINABILITYREPORT

Table of ContentsINTRODUCTION...........................................................................................................................1Mission and vision statement of Woolsworth and their relativity with sustainability.................1Governance mechanisms on the board of directors to address sustainability..............................1Guidelines implementing Environmental and social performance:.............................................2CONCLUSION................................................................................................................................3REFERENCES................................................................................................................................4

INTRODUCTIONSustainability can be define as the process which can be followed by people, organizationin order to make effective and efficient use of resources so that present generation can fulfill their demands and also future generation do not suffer from the lack of resources. Report will lay emphasis on Woolsworth organization. It is an Australian super market which was being established in the year 1924. Woolworths along with Coles forms a near-duopoly of Australian supermarkets accounting for about 80% of the Australian market. Report will lay emphasis on the vision and mission statement of Woolsworth. It will also provide the social and environmental aspect which needs to be followed by Woolsworth company(Geissdoerfer and et.al., 2017). Mission and vision statement of Woolsworth and their relativity with sustainabilityMission of Woolsworth company is to deliver quality product and also satisfy consumer needs and wants. They ensure that they create such a bond with consumers that loyalty is been developed in them. They also have a vision of expanding their market share in new places(Neubauer and Lank., 2016). The vision of organization is to be the most highly valued business by: the customers we serve, the communities in which we operate, our loyal and committed colleagues and of course, our shareholders(Laszlo and Zhexembayeva., 2017).Vision and mission statement of Woolsworth organization supports sustainable development by providing quality products which of high quality and upmarket products which are available at affordable prices and nearly available to them and making optimum efforts to invest in sustainable development plans and fulfilling corporate social responsibility in order to regenerate and save natural resources which are used to provide society in return which have been utilized by them for production.Governance mechanisms on the board of directors to address sustainability.Corporate governance lays hands on board of directors of Woolworths group to address sustainability. It aims at allocating the resources of organization in a pattern that it makes and provides maximum value to all the possible stakeholders of Woolworths group along with maintaining sustainability. In Australia government is dedicated and is well aware about the function of sustainable development and uses various mechanisms to make corporates react to 1

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