Importance of Corporate Social Responsibility and Ethics: A Case Study of Wesfarmers

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Corporate Social Responsibility
Report
6/17/2018
Student Name

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Executive Summary
The paper discusses about the importance of the corporate social responsibility and ethics.
The corporate governance structure and CSR of Wesfarmers have been explained in the task.
The company is providing the chemicals, fertilizers, coals and other safe products to its
customers. Carroll’s pyramid and Wartick and Cochranne’s typology also have been
discussed in the task. These models play an important role in the CSR and ethics. The
company responses to stakeholder’s expectations are fulfilled and have been discussed in the
report.

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Contents
Executive Summary...................................................................................................................1
Introduction................................................................................................................................3
Company CSR activities and governance structure...................................................................3
Governance structure of Wesfarmers.........................................................................................5
Analytical framework:...............................................................................................................6
Carroll Pyramid......................................................................................................................7
Wartick and Cochrane’s typology..........................................................................................8
Company response to stakeholder’s expectation.......................................................................9
Conclusion................................................................................................................................10
References................................................................................................................................11

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Introduction
The primary objective of the report is to outline the activities of the Wesfarmers. The CSR
activities, corporate governance, and the stakeholder’s expectations are taken into
consideration by the report. Wesfarmers is famous for dealing in trade, fertilizers, coal
mining, chemicals, safety and industrialized products. Wesfarmers is considered to be the
highest earning revenue company in Australia due to performance and improvement done by
them in the products and services offered. The company has issued the concern related to the
product safety which includes the Coles and Kmart. These concepts are introduced by the
company in 2017 with the aim to provide the safety in the products and services offered by
the Wesfarmers (Wesfarmers, 2018a). The company is increasing the supply chain
transparency in the business so that each and every stakeholder will be informed about the
company performance. Wesfarmers is committed to minimizing their own footprints and
delivering the solution which will help the customer and the community to do the same. The
company always tries to improve the performance and progress of the company. All these
activities performed by the company show the CSR activities and governance is followed in
the organization (Wesfarmers, 2015).
Company CSR activities and governance structure
In Wesfarmers, the top level management of the company is aiming to protect the interest of
shareholders and other members by protecting the environment. The company is continuously
working towards achieving the sustainability in the industry. The main purpose of the
industry is to carry the business with effectiveness in the long run. Corporate Social
Responsibility is the responsibility which has to be performed by each and every organization
irrespective of its size and nature of the business (Jones, Comfort and Hillier, 2014).