Report: Developing Workplace Policy and Procedures for Sustainability

This report delves into the development of workplace policies and procedures for sustainability, with a specific focus on the Commonwealth Bank of Australia. The report begins by establishing the scope and direction of a sustainability policy, defining its objectives and outlining the process of gathering information from various sources. It emphasizes the importance of conducting a cost-benefit analysis and setting appropriate timeframes for implementation. The report then details the development of a sustainability policy tailored for the Commonwealth Bank, covering resource efficiency, waste reduction, and the application of life cycle management approaches. Further sections discuss the promotion of the policy, outlining necessary procedures, assigning responsibilities for implementation, and developing effective communication strategies. The report also addresses the need to investigate and document outcomes, including successes and areas requiring improvement for continuous enhancement of performance. The document highlights the importance of stakeholder agreement and the assignment of responsibilities for successful implementation. The report concludes by emphasizing the significance of promoting the policy and outlining expected outcomes.

Develop workplace policy and
procedures for sustainability

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Section 1...........................................................................................................................................3
a) Determine the scope and direction of the sustainability policy..............................................3
b) Define the scope of the policy................................................................................................3
c) Gathering information from a range of sources to plan and develop the policy....................4
e) Conduct a cost–benefit analysis..............................................................................................4
f) Outline time frames for implementing the policy...................................................................5
g) Develop a sustainability policy for Commonwealth Bank of Australia.................................5
h) Implement resource efficiency, minimising resource use, and reducing toxic etc.................5
I) Employ life cycle management approaches and continuous improvement ............................6
Section 2...........................................................................................................................................6
k) Promote the policy and outline the expected outcomes..........................................................6
l) Outline the procedures required to implement the policy.......................................................7
m) Assign responsibilities for implementing the policy to track continuous improvements......7
n) Develop communication procedures to help implement sustainability policy.......................7
o) Present the information using language appropriate to the audience.....................................7
Section C:.........................................................................................................................................8
q) ................................................................................................................................................8
1) Investigate and document the outcomes, including successes by reviewing/ researching the
current CBA sustainability performance ....................................................................................8
2) Trends and areas that require remedial action for continuous improvement of performance 8
CONCLUSION ...............................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
In the workplace, where sustainability based performance is important or necessary to be
undertaken to make goals or targets to be completed with defined strategy. Sustainable regulation
in the business operation has results into the development of business growth or protection of
any legal kind of regulation (Ghosh, 2015). In contrast, this report will be carry on the
commonwealth bank which is leading multinational bank located in the Australia. This business
firm is engaged in the funds transfer, investment portfolio, any financial assistance etc. This
report will be consist of the suitable practices which was planned by the commonwealth bank at
a major scale of an operations.
MAIN BODY
Section 1
a) Determine the scope and direction of the sustainability policy
Sustainability policy are those which are made or initiates to led conduction of business
process or functioning to development both business and social aspects. Commonwealth bank is
a structure which has recently comes up with sustainability of an environmental protection,
social protection & saving resources which are mainly responsible to emit carbon into the nature
or the cultures (Farooq, 2014). Policies also helps to identifies bank's environmental and social
focus area and general principles on which CW bank sustainability initiatives will be designed or
implemented. In this this sustainability policies, direction CW bank policies are responsible to
conduct day to day operations & business transaction in a protective manner, be accountable to
all of the stakeholder (internal and external) and also establishes the working environment that
aids in an effective culture or environment.

b) Define the scope of the policy
The scope of common wealth policies such as environmental, social & governance policy
is to support efforts the efforts which this leading bank makes to accomplish the positive impact
the way, this leading bank is used to do business functioning on a greater side or status. Scope of
this policy is long lasting, as it will assist business entities to save excess cost on spending to
business operation or resources which are majorly harmful to environmental factors. Hence,
commonwealth bank is necessary to implement strategies or action plan which are necessary to
led effective regulation & protection of a sustainable environmental regulations.
c) Gathering information from a range of sources to plan and develop the policy
In context of a commonwealth bank, sources such as business websites, colleagues, scope
of an industry, consultants, regulators etc., will be useful to gather information to plan and also
develop how environmental, social and governance policies (Pot and et. al., 2016). In this, vision
and mission of this leading will be undertaken which says what is the vision behind developing
sustainability policy such as protection of an environment, saving excess cost for this bank and
generating longer profit to gain business proficiency and also how would achieve this in long run
and potential scale of business durabilities. An information that will be comes from given
sources are true in nature & legal is procured.
d) Make recommendations for policy options
After the complete analysis of policies formation, in context of the commonwealth bank,
it is recommendable that options such as environmental, social and governance are needs to be
taken care in which an effective regulation or business growth will be measured to stop carbon
emission, development of a social morale and also increasing in corporate social responsibilities
at a major concern. These are need to be cost saving, technological empowerment along with
revenue growth empowerment (Markey and et. al., 2016). All three option of a policies are need
to identified with SWOT analysis, in which strength such as cost protection, scope for
developmental changes, weaknesses such as lack of the strategic planning & controlling are
major weaknesses to be overcome, opportunities such as legal recruitments, statutory approvals
which are some scope for CW bank and threats such as loss of a business image, ethics
deferment and rising conflict among the business regulations.

e) Conduct a cost–benefit analysis
CBA is one of the major techniques for the cost effectiveness which is necessary to do
benefits or advantages that can be added after implementation of a cost plan at a major side. In
this sustainable policy of the commonwealth bank, cost benefit will be calculated on amount
spent on an implementation of the sustainable business regulation at the major side. In context of
CW bank, CBA involves analysis of the potential benefits of a product offering and also compare
it to the cost offerings of sustainable and environmental protection policies to be overcomes. In
contrary of a business performances of the CW bank, this will assist leading bank to lead certain
performances of this business sustainability at a major scope or business developments.
f) Outline time frames for implementing the policy
Commonwealth bank has recently announced new policy of an environmental, social and
governance for the sustainability working. In response to this, necessary to do decides
framework for time to implement all such policies to make protective shield to protect scope or
threat to an environmental at the bigger scale (Castromán‐Diz, 2015). For implementation of
these policies, time frame of al-least six month, in which implementation of plan, policies or
standard are required to take care to make policies suitable to led business operation right away
to standard or desired plan or performances at the profit level of performances. This time
framework is need to be made with correct implementation of a defined plan or policies to obtain
desired objectives to get suitable outcomes in given sources of time.
g) Develop a sustainability policy for Commonwealth Bank of Australia
CW bank is in process of implementing environmental sustainability in which protection
of an environmental is used to take care to protect it for time duration. In this contrary, policies
such as has been updated to acknowledge international effort. Group Environment Policy to limit
global warming to 2°C and the need to transition from traditional economic models to low-
carbon and renewable alternatives. This policies is in commitment of the CW bank along with
the process planning of a business contexts. Hence, this will be necessary to lead an effective
resources planning, so that the project would be carry out in an effective or productive manner.
Thus, this policies have been initiated with group efforts of various together business entity to do
so with the defined purpose to protect environment at the bigger context.

h) Implement resource efficiency, minimising resource use, and reducing toxic etc.
Commonwealth bank is looking for strategy which will simply assist them to go for doing
the resource planning to protect the carbon emission at a bigger context. In the bank sector where
entity uses equipments such as blowers, in banking workplace, where lots of electrical
defamation is used to be taken place and also which realised lots of toxic gases at the bigger
sector (Carballo‐Penela, 2016). In context to commonwealth bank, equipments which this bank
mainly used is consists of heavy usage material or product consumes high energy and also
which cost the firm high to profit. Bank which used heat based equipments demises harmful
gases needs to control its usage for longer period of time. Advance usage of technology would
assist commonwealth bank to dismiss usage of the old resources.
I) Employ life cycle management approaches and continuous improvement
Life cycle management is a business management concept which is applied in industrial
and service sectors to improve products or services, while into the process of an overall
sustainability performances of the business or its value chain. In context of the banking sector,
life cycle thinking or product sustainability is an operational for businesses that are ambitious
and committed to reduce their environmental and socio economic burden while in the process of
maximising economic and social values (McPherson and et. al., 2016). In this current banking
system, improvement is required to control the business operation and how business
management control or carry out operations in an effective manner. This will be prominent for
Commonwealth bank to utilises life cycle management in order to make their functioning more
trusted or legal carry out business function.
j) Obtain agreement from stakeholders on methods of implementation, outcomes and
performance indicators
While deciding implementation policy, this is necessary to have common approval of the
stakeholder before going for major changes in business regulation for being act as key leader in
the performance and business operations. This majorly comes the indicator of the business such
as customer's, suppliers, creditors etc., in which business regulation is need to be made approx of
the business fortune or supports. The key performance indicator for commonwealth bank are its
customer's, suppliers etc., in which business entity have major trust to get sustainable growth or
performance to leader business at the top position to accomplish strengthen environmental
protection policies.

Section 2
k) Promote the policy and outline the expected outcomes
In context of the commonwealth bank, several policies are being necessary to be made to
benefits the business operation at the major situation and protect the business sustainability at a
major dimensions (Dumont and et. al., 2017). In relations to this, its now become necessary to
promote policies such as environmental, social and sustainability to get positive outcomes of this
policies in order to get rid out of this given policy of group environment policy between other
business entities at a bigger dimensions or work status. If these policies were promoted in an
effective manner, it will be possible to get the positive outcomes out of that and also last an
effective impacts on the given stated environmental policies at the longer strengthens and also
growing business productivity at the desired or sustainable stage of working based performances.
l) Outline the procedures required to implement the policy
In context with the commonwealth bank, environmental implementation policy would be
implemented in an effective manner, with support of the strategic planning or implementation in
which the right decision will be taken or implemented in context of its right use or utilisation at a
major showcase of \policy these new and updated policies by the commonwealth bank. In this,
an approval of the stakeholder is necessary and essential to implement policies of environmental,
social and sustainability to keep their interest protected and also centric to the business firm at a
greater side or substances. Procedures for this policies implementation is the strategic planing in
order to gain suitable outcomes out of this policy based projects.
m) Assign responsibilities for implementing the policy to track continuous improvements
In the commonwealth bank, it is the duty of the top management to assign duties or high
responsibilities to its high officer to implement this sustainability policies such as protection of
release of the carbon in an effective manner (Winfree, 2014). This can be possible with the
support of check list, in which each & every stage of the work performance is used to be
undertaken along with the completion of defined task in given period of time. The recognised
workforce is necessary to implements action planning and also an idea for continuous
improvements of an sustainability policies at the major scale of an operations.

n) Develop communication procedures to help implement sustainability policy
In this communication process is necessary such as public meeting, procedural formation,
calling, board meeting as well as press conference would be taken into the consideration to take
correct course of an action to inform relevant information to the stakeholders or other people on
this matter. In this communication channel is need to be formal and should focus on the perfect
implementation of the strategies at a greater side of business working.
o) Present the information using language appropriate to the audience
Audience such as board of director, shareholders, investor etc., would get an information
with the support of using electronic equipments such as the mobile phones, Email etc. Here, the
language will be formal, either using both verbal or oral at the major instances. In this language
is need to be formal and also legal to establishes the suitable results out of this given one.
Section C:
q)
1) Investigate and document the outcomes, including successes by reviewing/ researching the
current CBA sustainability performance
In the corporate working role or corporate governance has proved important to work with
recognised efforts to led an effective working or level of the performance in respect of the
structuring outcomes out of this sustainability policies (Fien, 2017). In this leading bank,
business has implemented the CBA policy with greater efficiencies to reach at its outcomes at
the utilised point of time. Thus, this will be prominent to take back correct decision making on
regulation of business to maintain business growth of this commonwealth bank.
2) Trends and areas that require remedial action for continuous improvement of performance
Trends or area such as sustainable performance, transparent growth to the business firm
are some of the trends on which top level management of the commonwealth bank is in necessity
to take corrective action making or productive planning to led the continuous in long term
improvement of the performance at the greater or major side (Norton and et. al., 2014).

CONCLUSION
From the above report, it is concluded that business sustainability is corrective course of
an action in which current business can be found the scope to increases the performance at a
longer subject of matter. Implementation of group environmental policies are one necessary to
led development of the policies to get protect business from being as perfect for purpose to carry
out the business process to the larger scale or business regulation at a major side.

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