Global Reporting Initiative Report Analysis: Woolworths and Wesfarmers

This report provides a comparative analysis of the Global Reporting Initiative (GRI) reports of Woolworths and Wesfarmers. The introduction outlines the GRI's role in assisting businesses with their environmental and social impact. Part 1 focuses on comparing the GRI objectives and outputs of both companies, examining how they address employee safety, diversity, and environmental concerns. It contrasts their approaches to sustainability reporting, highlighting differences in adherence to GRI guidelines and the completeness of their disclosures. The report further explores how Woolworths and Wesfarmers reflect the principles of GRI, particularly in stakeholder inclusiveness and sustainability practices. The analysis draws from the companies' sustainability reports and relevant academic sources, offering a comprehensive overview of their commitment to corporate social responsibility. The report also discusses the firms' environmental goals and stakeholder relationships, offering a concise overview of their adherence to GRI standards.

GLOBAL REPORTING
INITIATIVE: PART 1

Table of Contents
INTRODUCTION................................................................................................................................3
PART 1.................................................................................................................................................3
Comparison of GRI objectives and output.......................................................................................3
Contrast of GRI objectives and Output............................................................................................4
Reflecting the principles of GRI in Woolworths..............................................................................4
Reflecting the Principles of GRI in Wesfarmers..............................................................................4
REFERENCES.....................................................................................................................................5

INTRODUCTION
Global reporting Initiative is an international independent standards establishment which
provide helps to the businesses and other organisation regarding their impact on issues related to
climate change, corruption etc. In this report , two firms are being chosen which include Wesfarmer
limited and Woolworth group ltd. Wesfarmer Ltd is an Australian Conglomerate It provide services
to the Western Australian farmers. Woolworth group ltd is involved in the retail industry it has
division which consist of supermarket, liquor, petrol etc. In this assignment, it will include the
information regarding Global reporting Initiative report of both the companies and will contrast and
compare the sustainability report of the both organisation.
PART 1
Comparison of GRI objectives and output
GRI Objectives
Global reporting initiative objectives for the companies assist in identifying the ways
through which the firm is able to provide the employees with the safe work environment.
Wesfarmer:
People: Wesfarmer provide the employees with the safe environment to maintain the safety level in
the organisation (Vigneau, Humphreys and Moon, 2015). The firm is involved in providing the
employees with job opportunities in order to improve their level of performance and to develop
their career. It assists in providing the employees with the inclusive work environment in order
to reduce the diversity.
Woolworth
 People: Woolworth focus on maintaining the diversity ion the workplace. The company is
promoting gender diversity at the work place as there are wage gaps which are provided to
the men and wome4n in the organisation. The firm also include the Indigenous people at the
workplace in order to contribute towards the welfare for the Australian people.
GRI Outcomes
WESFARMER
As per the sustainability report of Wesfarmer Ltd it is being identified that the firm is
complying with the GRI standards. The company’s external Auditor Ernst and Young which has
audited the sustainability report and found that the organisation prepare it reports as per the
Guideline of Global; reporting initiative (Barkemeyer, Preuss, and Lee, 2015). The firm has chosen
the core options in order to prepare the reports as it is relevant for the GRI output.
WOOLWORTH
The firm is providing the disclosures as per the core requirement of the GRI standards which are
being set out on the GRI Index. The sustainability report of the organisation has provided the the
information which is being disclose as per the global reporting initiative standards and the report is

being audited by it auditor Deloitte. The report is being prepare in the correct format as the
guidelines provided by the Global reporting initiative which were not provide din the sustainability
report of Wesfarmers.
Contrast of GRI objectives and Output
Wesfarmer:
Environment: The first and foremost priority of this organisation is to reduce the carbon emission
in order to have less impact on the climate change (Lewellyn and Logsdon, 2017).
 Sourcing: The firm objective is to maintain healthy and good relation with the suppliers.
Woolworth
 Planet: The purpose of Woolworth is to reduce the pollution in order to protect the
environment.
 Prosperity: The organisation is involved in proving the customer with sustainable product
in order to establish the trusted relation with the stakeholders.
Basis of GRI Outcomes
Wesfarmer
The Global reporting initiative of this company is incomplete because the sustainability
report does not contain the recommendation and the guideline which are being provided by the
standards.
Woolworth
Woolworth has followed the proper format of reporting and the disclosure are being made as
per the guideline and the Index provided. It has also provided detailed refers regarding the GRI
standards with recommendation and other information.
Reflecting the principles of GRI in Woolworths
 Inclusive of stakeholder: As per this principle, the firm and disclosed the information
regarding the different stakeholders and the measures are adopted for meeting their
expectation.
 Sustainability: It has provided insight about the social and environmental areas.
Reflecting the Principles of GRI in Wesfarmers
 Stakeholder inclusiveness: The firm has disclosed the information regarding the
stakeholders
 Sustainability: It has provided the information regarding the approaches which are adopted
for promoting the welfare of each of its stakeholder group.

REFERENCES
Books and journals
Vigneau, L., Humphreys, M. and Moon, J., 2015. How do firms comply with international
sustainability standards? Processes and consequences of adopting the global reporting
initiative. Journal of Business Ethics. 131(2). pp.469-486.
Barkemeyer, R., Preuss, L. and Lee, L., 2015. On the effectiveness of private transnational
governance regimes—Evaluating corporate sustainability reporting according to the Global
Reporting Initiative. Journal of World Business. 50(2). pp.312-325.
Lewellyn, P. G. and Logsdon, J.M., 2017, July. Global Reporting Initiative G4 Sustainability
Reporting Guidelines: Do They Deliver?. In Proceedings of the International Association for
Business and Society (Vol. 28, pp. 161-172).
Online
WESFARMERS SUSTAINABILITY REPORT. 2018. [Online]. Available through :<
https://sustainability.wesfarmers.com.au/media/2467/sustainability_website_2018.pdf>
Tomorrow. Together. 2018 SUSTAINABILITY REPORT. 2018 [Online]. Available through :<
https://www.woolworthsgroup.com.au/icms_docs/195398_2018-sustainability-report.pdf>
 and merchandise to the Westerns Australian farmers Auditor Ernst and Young