MGMT8420 Assignment: Sustainable Development Business Drivers Report

This report examines the sustainable strategies and business drivers of four organizations: Wesfarmers, Procter & Gamble, StarHub, and Marks & Spencer. The report begins with a comparative table outlining the sustainability drivers for each company, referencing key sources. It then delves into a detailed analysis of Wesfarmers' sustainable practices, focusing on its climate change resilience, involvement with the Paris Agreement, and commitment to a diversified workforce, including indigenous people. The analysis highlights how Wesfarmers aligns its operations with the triple bottom line framework (social, environmental, and financial), emphasizing the importance of financial success in sustaining its commitment to sustainability. The report provides references to support the information presented.

Running head: SUSTAINABLE DEVELOPMENT
Sustainable Development
6/8/2019

SUSTAINABLE DEVELOPMENT 1
Table of Contents
Introduction................................................................................................................................2
Wesfarmers Sustainable Strategies........................................................................................5
Conclusion..................................................................................................................................7
References..................................................................................................................................8

SUSTAINABLE DEVELOPMENT 2
Introduction
The intent of this paper is to present the sustainable strategies and the drivers adopted
by four different organizations that are Wesfarmers, Procter & Gamble, StarHub, and Marks
& Spencer for the development of business, society, and environment. The gathered
information is being presented in a table with proper reference. After this, the paper is
discussing in detail about the sustainable practice of one organization from the presented list
of four organizations.
Event Drivers Reference for Research
Wesfarmers
Shortage of
water
Climate Change
Resilience
Gouldson, A. (2016). The Governance of Corporate
Responses to Climate Change: An International
Comparison. Retrieved from
https://onlinelibrary.wiley.com/doi/full/10.1002/bse.192
5
Carbon
emission
Involving with
Paris Agreement
United Nations Climate Change. (2019). The Paris
Agreement. Retrieved from https://unfccc.int/process-
and-meetings/the-paris-agreement/d2hhdC1pcy

SUSTAINABLE DEVELOPMENT 3
Increasing
Racism
Having a
diversified
workforce
including
indigenous
people
Dal, A., Gebremedhin, T., & Sayem, M. (2013). A Case
Study of Affirmative Action Australian-style for
Indigenous People. Australian Journal of Labour
Economics, 16(2), 277-294.
Procter & Gamble
Finite
Resources
100% of the
company’s
products
reusable or
recyclable
(Mahoney,
2019)
Mahoney, S. (2019). To Reduce Plastic Use, Olay Tests
Innovative Refill Pods. Retrieved from
https://www.mediapost.com/publications/article/336776/
to-reduce-plastic-use-olay-tests-innovative-refil.html
Increasing
consumption
100% of leading
brands will
allow and
encourage
responsible
consumption
Franke, M. (2007). Sustainable Manufacturing.
Retrieved from
http://www.oecd.org/greengrowth/38876439.pdf
Increasing
demand for
electricity
100% renewable
electricity and
reduce the
emission of
Weisbrod, A., Bjork, A., & McLaughlin, D. (2017).
Framework for evaluating sustainably sourced
renewable materials. Retrieved from
https://www.tandfonline.com/doi/full/10.1080/16258312

SUSTAINABLE DEVELOPMENT 4
Greenhouse
gases in all the
sites of P&G
.2016.1258895
StarHub
Increasing
energy
Consumption
Energy efficient
technical centers
and energy
efficient
technologies
Nanyang Technology University. (2016). Corporate
Sustainability Case Studies. Retrieved from
http://www.nbs.ntu.edu.sg/Research/ResearchCentres/cb
s/AboutUs/Documents/7_Starhub.pdf
Increasing
pollution
Electronic waste
(E-waste)
recycling
program
Asia Cloud Forum. (2013). StarHub unveils "MediaHub"
-- social media analytics lab. Retrieved from
https://www.enterpriseinnovation.net/article/starhub-
unveils-mediahub-social-media-analytics-lab-516831099
Increasing
harm to the
children due
to using
mobile at a
younger age
JuniorProtect
Service as the
Value-Added
Service for
parents (Seng,
2017)
Seng, N.C. (2017). StarHub's JuniorProject Plus gives
parents more powerful web filtering tools for home
broadband and mobile lines. Retrieved from
https://www.hardwarezone.com.sg/tech-news-starhubs-
juniorprotect-plus-gives-parents-more-powerful-web-
filtering-tools-home-broadband
Marks & Spencer
Reducing
Wastage
Making entire
packaging at
M&S broadly
Zwick, S. (2017). How Marks & Spencer is helping to
build a global ‘sustainability tribe’. Retrieved from
https://www.eco-business.com/news/how-marks-

SUSTAINABLE DEVELOPMENT 5
recyclable spencer-is-helping-to-build-a-global-sustainability-tribe/
Exploitation
of animals
Sustainable
sources for
cotton
Hobbs, T. (2017). M&S on how SMEs can turn
sustainability into a success. Retrieved from
https://www.marketingweek.com/2017/12/13/marks-
and-spencer-sustainability-new-research/
Increasing
global
warming
Cutting
emissions from
the supply chain
by 13.3 tons
Business in the Community Ireland. (2017). M&S
Sustainability Programme Plan A turns 10 and has
saved £750 million in costs. Retrieved from
https://www.bitc.ie/newsroom/members-news/plan-a-
has-saved-ms-750-million-in-costs-over-the-last-ten-
years/
Wesfarmers Sustainable Strategies
Wesfarmers is one of the sustainable corporations and will remain sustainable if it
continuously gains financial success. Under its sustainability company address different
range of other matters that are important in their own way and eventually influence financial
outcomes. The company is aimed towards operating its businesses in accord with its 10
community and environmental principles in consideration to five key areas of sourcing,
environment, people, governance, and community.
Climate Change Resilience – Wesfarmers through its Climate Change Resilience it
strives to decrease the intensity of the emissions of the business and enhance their resilience
to climate change. The company acknowledges that the entire world is experiencing change
because of climate change. Numbers of communities are today experiencing the negative
impact of the increasing temperature, increasing scarce supply of the food, and shortage of

SUSTAINABLE DEVELOPMENT 6
the water. The company desire to the proactive in relation to managing the above-specified
risks because retorting to the climate change will offer major environmental, social, and
economic benefits. The climate change division of the company responds in two ways.
Firstly, the company monitor and manage its own emission of greenhouse gas and decrease it.
Secondly, the company works in order to understand the particular risks raised by climate
change for the business and addressing them (Gouldson, 2016).
Involving with Paris agreement – The companies’ direct emission is raised from the
company’s industrial businesses, comprising the utilization of the diesel and natural gas and
emissions from coal mining. The key indirect emission source is electricity utilized by the
company's operations. The company is capable to manage the increasingly direct and indirect
emission by technology improvements in its industrial procedures and by initiatives that are
energy efficient in the entire business.
Wesfarmers has majorly accepted the intergovernmental panel related to climate
change with the objective of gaining stable as well as reliable market, decreasing energy cost,
and reducing emissions. Wesfarmers identify that there is a huge change in the climate
because of the actions of human and business acknowledge that the company is performing a
major part in mitigating this change. The company supports the commitment of Australian
done under the Paris Agreement in order to limit global warming to 1.5°C-2°C above pre-
industrial levels (United Nations Climate Change, 2019).
Having diversified workforce including indigenous people – Wesfarmers is involved
in increasing 24% of the employees identified as the Indigenous to around 5228, which
makes the entire Wesfarmers Group the largest employer of the Indigenous community of
Australian region (Wesfarmers, 2017). The company majorly believes that having diversity
into the business strengthens the innovation and creativity in the team. The commitment of

SUSTAINABLE DEVELOPMENT 7
the company to diversity in the entire Group extends to all perspectives and individuals.
Specific concentration is paid by the company in attaining a balance of women and men in a
senior position of the management and enduring to increase employment of the Indigenous
people. Wesfarmers is involved in developing and executing a Diversity policy that is
focused to foster diversity at every level of the Group (Dal, Gebremedhin & Sayem, 2013).
The above-specified drivers of the Wesfarmers Company are following the triple
bottom line focusing on three parts that are social, environmental, and financial. The
company is sustainable until it gains the financial outcome which gives motivation to the
organization.
Conclusion
The above report has discussed regarding the sustainable strategies and drivers of
sustainability of four organizations that is Wesfarmers, Procter & Gamble, StarHub, and
Marks & Spencer. In addition to this, the report has provided a brief of the sustainable
strategies of Wesfarmers which highlights that the company follows the triple bottom line
framework.

SUSTAINABLE DEVELOPMENT 8
References
Dal, A., Gebremedhin, T., & Sayem, M. (2013). A Case Study of Affirmative Action
Australian-style for Indigenous People. Australian Journal of Labour Economics,
16(2), 277-294.
Gouldson, A. (2016). The Governance of Corporate Responses to Climate Change: An
International Comparison. Retrieved from
https://onlinelibrary.wiley.com/doi/full/10.1002/bse.1925
Mahoney, S. (2019). To Reduce Plastic Use, Olay Tests Innovative Refill Pods. Retrieved
from https://www.mediapost.com/publications/article/336776/to-reduce-plastic-use-
olay-tests-innovative-refil.html
Seng, N.C. (2017). StarHub's JuniorProject Plus gives parents more powerful web filtering
tools for home broadband and mobile lines. Retrieved from
https://www.hardwarezone.com.sg/tech-news-starhubs-juniorprotect-plus-gives-
parents-more-powerful-web-filtering-tools-home-broadband
United Nations Climate Change. (2019). The Paris Agreement. Retrieved from
https://unfccc.int/process-and-meetings/the-paris-agreement/d2hhdC1pcy
Wesfarmers. (2017). Sustainability Report. Retrieved from
https://sustainability.wesfarmers.com.au/media/2464/2017-wesfarmers-sustainability-
full-report.pdf