Corporate Responsibility and Ethics - Woolworths Business Report

Running head: CORPORATE RESPONSIBILITY AND ETHICS
Corporate Responsibility and Ethics
Assessment 4- Individual Business Report
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1CORPORATE RESPONSIBILITY AND ETHICS
Executive Summary
This report sheds light on the corporate social responsibilities of Woolworths and its initiatives
towards corporate social responsibilities (CSR). Woolworths Employees' Credit Union is
committed to maintain and begin the effective CSR programmes that can integrate the
environmental as well as social responsibilities on the operation process. In this report, Carroll's
Model of CSR is described in four aspects; economic, legal, ethical and philanthropic. Wartrick
and Cochrane's Typology talks about principles of CSR which are associated with the principle
that is institutional like organisational principles and legitimacy along with responsibility of the
public and individual responsibility. Managerial discretion is another factor of Woolworths. Key
stakeholders of Woolworths are the customers, employees, suppliers, communities and
shareholders. Woolworths measures the Electricity Internally and it takes the initiative to recycle
the wastes also. For the society, Woolworths helps the community people and provides the
employment to the people. Woolworths highlights the Goods Acts to aware the partners and
EduPlant flagship tries to donate the food to needy people.

2CORPORATE RESPONSIBILITY AND ETHICS
Table of Contents
1. Introduction..................................................................................................................................3
2. Concept of CSR...........................................................................................................................3
3. Key stakeholders..........................................................................................................................4
4. Environment................................................................................................................................5
5. Human rights...............................................................................................................................6
6. Governance..................................................................................................................................7
7. Company’s record on philanthropy.............................................................................................8
Reference List..................................................................................................................................9

3CORPORATE RESPONSIBILITY AND ETHICS
1. Introduction
Corporate social responsibility (CSR) is the initiatives taken by the organisation to take
the responsibility and assess the effects of the company on the social and environmental
wellbeing. Woolworths is an Australian supermarket and it was founded in the year 1924.
Woolworths Supermarket has it headquarter in Belle Vista and it has its supermarket stores in
more than 995 places (Woolworthsgroup.com.au 2018). Woolworths is specialised in selling the
groceries, DVDs, magazines, health and beauty products, pet and baby and household products.
Revenue of Woolworths touched AU$45 billion in the year 2016. In this report, business report
will be prepared addressing Woolworth’s status on CSR and governance. The analysis of the
report will be based on the company’s response to the stakeholders’ expectations and sheds light
on the gaps between realised and espoused performance on CSR.
2. Concept of CSR
Carroll’s Model of CSR
According to Carroll’s CSR pyramid, business organisations have mainly four
responsibilities. At first, economic responsibility of business is to be profitable and economic
factor is another way to survive and get the benefit from society in long-term. In addition, l egal
responsibility of the business is associated with the activities to obey laws and regulations
(Carroll 2016). The organisations must follow the competition, employment and health and
safety rules of the organisations. The organisations need to follow the laws set by the society.
Ethical responsibilities of the organisation are associated to act ethically and morally following
to go beyond the narrow requirements of the law. In addition, the organisations must improve the