Sustainability Report: NAB and Woolworths Australia Group

Sustainability Report 1
Sustainability Report

Sustainability Report 2
Executive Summary
It is summarized that the environmental, social, economic, and business performances of NAB
depend upon its CSR and sustainability reports. The corporate governance structure and CSR
activities of the NAB are related to the risk management, socially and environmentally
sustainable practices, shareholder’s’ wealth maximization (high ROI) and delivering high
customer value through the value-added and quality products. The accounting policies for the
assets, equipment, plant, and property of NAB differ from Woolworths because of different
measurements and disclosure elements. The sustainability report and CSR reports of NAB show
the high socioeconomic, environmental, and business performance for sustaining the high brand
image, corporate reputation and global identity in order to maintain the long-term business
relationships with the customers by winning their trust and loyalty for the company’s businesses.

Sustainability Report 3
Contents
Executive Summary.....................................................................................................................................2
Introduction.................................................................................................................................................4
Main Discussions........................................................................................................................................5
Part A: Accounting Policies........................................................................................................................5
a) Disclosure and Measurement Components for Accounting Policies....................................................5
b) Comparison of the Accounting Policies..............................................................................................6
Part B: Sustainability Report.......................................................................................................................7
a) Governance System to Sustainability..................................................................................................7
b) Risk Assessment Systems...................................................................................................................8
c) Guiding for implementing the Environmental and Social Performance and Reporting.......................9
d) CSR Voluntary Disclosure................................................................................................................10
Conclusion.................................................................................................................................................13
References.................................................................................................................................................14

Sustainability Report 4
Introduction
This report describes the core business activities for two Australian Companies, NAB (National
Australia Bank) and Woolworths Australia Group. NAB is the leading Australian Bank that is
highly committed to the sustainable environmental practices, corporate social responsibility,
stakeholder’s satisfaction, and customer relationship. Currently, it has employed over 35,000
employees to serve in excess of 10 million customers globally. It is a public limited company
that is listed on ASX: NAB. The core business activities for NAB include corporate governance,
business (B2B) and consumer (B2C) banking, finance, insurance, asset servicing, wealth
management of the industries, debt markets, lending and deposits, risk management, fixed
income, exchange of currencies, debt markets, trade finance, deposits and withdrawals of
payments, and NAB-trade for the SMEs, corporate sector (business industries and service firms),
and individual customers(The Wall Street Journal, 2017).
On the other hand, Woolworth Ltd. is an Australian retailing supermarkets industry whose core
business activities include CSR and Corporate governance, the satisfaction of the stakeholder’
needs, sales through the supermarket stores, customer order management, supply chain
operations (production, storage, distribution, and handling), E-CRM, and retailing service
operations.