Analysis of Woolworths Group's ESG Strategy: A Comprehensive Report

This report provides an analysis of Woolworths Group's Environmental, Social, and Governance (ESG) strategy, evaluating its effectiveness based on GRI standards and ASX reporting guidelines. It explores the company's sustainability initiatives, including gender equality, well-being programs, and the Sustainability Plan 2025, which focuses on climate change and value chain resilience. The report identifies strengths such as cost reduction and weaknesses like limited diversification in ESG shares. By examining Woolworths' approach to planet, people, and product, the analysis offers insights into the company's commitment to a greener future and responsible business practices. The report concludes with a discussion of the overall impact and areas for improvement in Woolworths' ESG strategy.

Corporate governance
and ethics

Table of Contents
MAIN BODY ....................................................................................................................................3
Sustainability report of the Woolworth Group..............................................................................3
ESG strategy of Woolworth Group...............................................................................................3
Strength and weakness of the Woolworth ESG strategy..............................................................4
...........................................................................................................................................................4
REFERENCES...................................................................................................................................5

MAIN BODY
Sustainability report of the Woolworth Group
 Gender equality- Woolworth is string for a culture of the inclusion in which its employees
of all gender are respected and valued and also have voice , an equitable access to the
opportunities and sense of the belonging (de Haan, 2022). Woolworth is committed to
create such environment which recognises and value all the employee's talent equally.
Their people ambition towards the gender equality is to accomplish a gender balanced
leadership team around 40:40:20 by 2025.
 Well-being Council- Woolworth recognise the value of well-being, in specific mental
health and in the response have created a well-being Council. In this, group of the mental
health experts are tasked with supporting company's growing efforts in different areas
including mental health awareness and support and Psychosocial risk management, with
their practices culminating in comprehensive plan for the F22 and beyond.
 Sustainability plan 2025- in this, Woolworth is concerned towards preparing their
strategy to underpin their organisational approach to the climate changes and also support
company's transition to a carbon constrained future.
 Increase resilience in value chain- Woolworth will make a physical network resilience
investment, increase buying practices for diversifying supply and a better leverage climate
or weather science, as well as concerning for environmental sustainability of company's
supply chain.
ESG strategy of Woolworth Group
 Planet same as environment- Woolworth is committed to growing the greener regularly,
by eliminating food waste, cutting emission, souring responsibly and reducing plastic.
Respective company is building better future for the planet or environment means
protecting and reporting this world in which people love in for future generation
(Mapumulo, 2022). That means going further than just limiting negative effects to actively
finding the was for creating the positive benefits.
 People same as social- Woolworth is practising to build a better future for the people as
well as society by demonstrating care, fostering brighter future and creating great place for
individuals to work. Company's respect for the people is at heart of how organisation serve

their communities, building a long term partnership and also working with their suppliers
in order to uphold the human rights in organisational supply chain
 Product as governance- Woolworth is building as better future through their products
means evolving ways they do the business for embracing a circular thinking- meaning also
the waste is a resource. This also include making it easy for company's customer so choose
healthier and sustainably sourced product along with the responsibly packaged.
Strength and weakness of the Woolworth ESG strategy
 Strength- The ESG strategy of Woolworth reduce its cost substantially and also help
combat rising operating expenses, that has found can affect the operating profit of
respective company (Povey, 2022).
 Weakness- In respect of the Woolworth's ESG strategy, biggest weakness comes from
lack of the diversity offered by the ESG shares. Deplorably, Woolworth has fit a criteria
focus exclusively on the large cap stock that really limit the diversification prospects
among the investors portfolios.

REFERENCES
Books and Journals
de Haan, W. (2022). Do Lawsuits Silence? Legal Harassment in Corporate Crime Research. In
Silences, Neglected Feelings, and Blind-Spots in Research Practice (pp. 61-71).
Routledge.
Mapumulo, T. C. (2022). A Decade of Agronomic Research Impact on Commercializing
Traditional Homestead Production of Amadumbe in Umbumbulu KwaZulu-Natal. Food
Security for African Smallholder Farmers, 405-440.
Povey, D., 2022. When the Clouds Come: Dealing with Difficulties, Facing Your Fears, and
Overcoming Obstacles. John Wiley & Sons.