Sustainability Reporting in Woolworths and Westfield: A GRI Evaluation

Running head: SUSTAINABILITY REPORTING
Sustainability Reporting
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1SUSTAINABILITY REPORTING
Table of Contents
Introduction..........................................................................................................................2
1. Company Purpose for Offering GRI or IR......................................................................2
1.1. Purpose of GRI in Woolworths................................................................................2
1.2. Purpose of GRI in Westfield.....................................................................................3
2. Major Stakeholders Interest in Sustainability Report......................................................3
3. Important Similarities and Differences in the Report......................................................4
4. Sustainability Report Evaluation.....................................................................................6
4.1. Information Quality..................................................................................................6
4.2. Consistency with GRI OR IR Standards..................................................................6
4.3. Information Meeting Stakeholders Needs................................................................7
Conclusion...........................................................................................................................7
References............................................................................................................................8

2SUSTAINABILITY REPORTING
Introduction
In the current years it has turned out to be important for the companies to develop
sustainability reports for addressing information requirements of their related stakeholders.
Sustainability reporting will be elaborated within the paper that will focus on offering
information regarding economic, environmental, governance and social performance (Alonso‐
Almeida, Llach and Marimon, 2014). The paper will also focus on evaluating General Reporting
Initiative (GRI) strategy in consideration to Woolworths and Westfield. These two companies
are positioned as renowned retailers those operate within Australia. In the current report, these
two Australian companies are chosen for analyzing their sustainability initiatives that can be
analyzed in consideration to the GRI guidelines.
1. Company Purpose for Offering GRI or IR
1.1. Purpose of GRI in Woolworths
The concept of “Greening Retail” is followed by Woolworths in compliance with both
internal and the external frameworks related with retail sector in Australia. The plan has been
prepared relied on five key aspects such as change in climate, water, packaging and waste. The
objective behind developing sustainability report is to offer stakeholders with vital information
that includes decrease in carbon emission (Fernandez-Feijoo, Romero and Ruiz 2014). Certain
other objectives consider ensuring that the carbon emission levels are decreased with support of
transport processes. Sustainability report also assures that the fleet of this company focuses on
decrease in 30% of carbon emission and to decrease the usage amount of water by more than 200
million liters each year. Woolworths contributes in decrease of food waste within the landfill and