Sustainability Report Analysis

Running head: SUSTAINABILITY REPORT ANALYSIS
Sustainability Report Analysis
Name of the University:
Name of the Student:
Authors Note:

1SUSTAINABILITY REPORT ANALYSIS
Table of Contents
1. Introduction......................................................................................................................2
2. Purpose of GRI Reporting by Companies.......................................................................2
3. Major Stakeholders Interest within the Sustainability Reports.......................................3
4. Similarities and Differences in Sustainability Reports....................................................4
5. Critical Evaluation of Sustainability Reports..................................................................5
5.1. Quality of Information..............................................................................................5
5.2. Important Framework and Standards Consistency...................................................6
5.3. Information Fulfilling Stakeholder Requirements....................................................6
6. Conclusion.......................................................................................................................7
References............................................................................................................................8

2SUSTAINABILITY REPORT ANALYSIS
1. Introduction
Sustainability reporting analysis of companies involve analyzing the ways in which these
firms address the information needs of its stakeholders and along with ensuring its quality,
consistency with sustainability standards and contributing towards the community (Braam and
Peeters 2018). The objective of this paper is to analyze the sustainability reports of Westfield and
Woolworths along with discussing the importance of preparing sustainability or IR report.
Moreover, the key stakeholders for these two companies are evaluated in assessing whether the
sustainability reports of Woolworths and Westfield addresses their needs. Global Reporting
Initiative (GRI) has been followed by these organizations in preparing their sustainability
reports.
2. Purpose of GRI Reporting by Companies
There is several major business purposes for which the selected companies, Woolworths
and Westfield focuses on preparing sustainability reports complying by GRI standards.
 Woolworths: Implementation of GRI sustainability standards in the company focuses on
offering assurance regarding developing values of its sustainability report with respect to
trust, values, safety, respect as well as excellence (Calabrese, Costa, Ghiron and
Menichini 2017). Implementing such standards, Woolworths offer important information
to all its internal along with external stakeholders concerning all its sustainability actions
offered by GRI. Moreover, the sustainability report of this company intends to assure
success of its consumers and clients on an international basis. GRI based reporting has

3SUSTAINABILITY REPORT ANALYSIS
also supported the company in operating sustainably, safely and responsibly (Calabrese,
Costa, Levialdi and Menichini 2016).
 Westfield: Westfield Company is focused on offering GRI sustainability reports with an
intention to attain most efficient standards in the areas of environment management,
relevance, safety, effectiveness and corporate governance (de Villiers, Rinaldi and
Unerman 2014). In addition to that, the company focuses on offering better GRI based
sustainability reports in offering better positive environmental and community outcome.
For this reason, the company is intended to address several sustainability concerns within
the business in consideration to four important fields. This includes aspect such as
responsible business conducts, economic advancement as well as secured and safety
inbuilt working environment (Ehnert et al. 2016).
3. Major Stakeholders Interest within the Sustainability Reports
The major shareholders of Woolworths and Westfield as well as their interest are
explained below:
 Shareholders- These stakeholder group are the ones those have invested funds within the
companies. This is one of the important stakeholder group as they intend to gather
information on corporate governance, strategy implementation and business performance
of the retail organizations for making investments in them (Braam and Peeters 2018).
 Creditors- This stakeholder group has important interest n attaining information from
sustainability report published by Woolworth and Westfield’s. They require information
regarding costs, business product performance and are consistency. Based on the
sustainability position of the companies, the creditors take vital decision on extending the