ACCT20071 Term 3 2019: CSR Analysis - Woolworths Group vs Wesfarmers

This report provides a comparative analysis of the Corporate Social Responsibility (CSR) practices of Woolworths and Wesfarmers, two major Australian companies. The report examines their CSR activities, focusing on their impact on the environment, society, and employees, as well as their financial structure. The analysis includes a review of their sustainability reports and annual reports, evaluating their approaches to climate change risk, waste reduction, gender equality, and community engagement. The report also evaluates the financial position of Woolworths through financial structure, by evaluating the current ratio, debt ratio, and interest coverage ratio of the company. The report aims to critically assess the positive and negative impacts of CSR on local communities, including consumers, employees, and the broader vicinity. The report is a written submission for an accounting course, ACCT20071, and includes references to relevant sources. It also involves a presentation component, requiring a video presentation summarizing the key findings of the report.

Corporate
Social
Responsibility

Corporate social Responsibility
CSR defines-
Self-regulation business model to retain social in the market (Jamali, &
Mirshak, 2007).
Woolworths has been taken to evaluate its activity as compare to
Wesfarmers.
 Woolworths- Australian
 Industry- Supermarket
 Holding Company- Woolworths Group
 Establishment- 1924
 Market share- 80%
 Supplies- groceries, DVDs, health, magazines, and beauty products.
Competitor- Wesfarmers (Woolworths, 2019a).

Woolworths- CSR Activities
Environment
Analyzing climate changing risk
Implement the strategies
Save food
Society and Employees
Gender Equality (Female employees)
Encourage diversity (Woolworths, 2019)

Wesfarmers- CSR Activities
Environment
Reduce wastage
Changing packing's (Wesfarmers, 2019).
Society and Employees
Setting high standard culture
Donations
Gender equality (Wesfarmers, 2018)

Comparison

Impact on communities
Stakeholders Activities Impact
Customers Saves the food for future
meals (Woolworths,
2019b).
Positive impact on the
society
Negative impact on the
customers
Employees Appoint 50% of female
employees
Positive impact on
employees and society
Local Communities Risk arises changing
climate
Using eco-friendly
vehicle
Positive impact on local
communities , society,
employees and the
others
( Source: Jamali, & Mirshak, 2007).

References
Jamali, D., & Mirshak, R. (2007). Corporate social responsibility (CSR):
Theory and practice in a developing country context. Journal of business
ethics, 72(3), 243-262.
Wesfarmers. (2018). 2018 Wesfarmers Sustainability Report released.
Retrieved From:
https://www.wesfarmers.com.au/util/news-media/article/2018/09/16/2018-w
esfarmers-sustainability-report-released
Wesfarmers. (2019). 2019 Wesfarmers Annual Report. Retrieved From:
https://www.wesfarmers.com.au/docs/default-source/asx-announcements/20
19-annual-report.pdf?sfvrsn=0
Woolworths. (2019). 2018 Sustainability Report. Retrieved From:
https://www.woolworthsgroup.com.au/icms_docs/195398_2018-sustainability
-report.pdf
Woolworths. (2019b). 2019 Annual & Sustainability Report Highlights.
Retrieved From: https://wow2019.qreports.com.au/
Woolworths. (2019a). 2019 Annual Report. Retrieved From:
https://www.woolworthsgroup.com.au/icms_docs/195582_annual-report-201
9.pdf