BSBSUS501: Workplace Sustainability Policy for Commonwealth Bank AU

This report details the development of a working sustainability policy and procedures for the Commonwealth Bank of Australia. It emphasizes the importance of waste and wind emission management, defines the scope and direction of a sustainable policy, and employs a cost-benefit analysis. The report also covers communication and implementation strategies, as well as monitoring and review processes. Tools like SWOT analysis, PDCA cycle, and KPI are used to ensure successful implementation and achievement of sustainability objectives. The policy aims to improve the bank's environmental performance and align with relevant legislation, contributing to long-term financial and societal sustainability.

Develop working policy and procedures for sustainability
Name of the Student
Name of the University
Author Note

Executive Summary:-
Maintenance of environmental sustainability of the Commonwealth Bank of Australia will be
discussed in this report. This report includes enhancement of policies, principles, and procedures
for development the sustainability of the Commonwealth Bank of Australia. Improvement in
sustainability will help this company in achieving the objectives. Different analysis like SWOT
analysis, Cost- benefit analysis, PDCA cycle, KPI, etc will help in achieving the objectives
related to sustainability of the company by successful implementation of the policies, principles,
and procedures in the company. Proper method should follow for implementation otherwise the
outcomes from the policies will leads to failure.

Table of Contents
Introduction:-...................................................................................................................................3
Development of sustainability policy for workplace:-....................................................................3
Waste management:-...................................................................................................................3
Management of wind emission:-.................................................................................................4
Scope and direction of sustainable policy:-.................................................................................4
Cost- benefit analysis:-................................................................................................................6
Communicate and implement the sustainability policy:-................................................................8
Monitoring and review of sustainability policy:-..........................................................................10
Conclusion:-...................................................................................................................................10
Reference:......................................................................................................................................11

Introduction:-
Commonwealth bank Australia is a multi national bank of Australia. It is from banking industry
and it serves a variety of financial services like business banking, institutional banking, retail,
investment, insurance, etc across Asia, United Kingdom, New Zealand, and United States. It
founded as government bank in 1911 and since 1991 commonwealth bank Australia is known as
a public company. Headquarters of commonwealth bank Australia are situated in Sydney,
Australia, and Darling Harbour. Total number of employees of commonwealth bank Australia is
51800 according to 2017 data collection (Sustainabilitymatters.net.au, 2019). In this assignment
the development of working policy and procedures for sustainability of Commonwealth Bank
Australia will be discussed below.
Development of sustainability policy for workplace:-
For maintenance of workplace and for further development of a company working policy and
maintain of sustainability is necessary. Therefore the current condition of the company should
analyzed. For betterment of company Commonwealth Bank of Australia should manage the
sustainability of environment and should also develop working policies for their company
(CommBank, 2019).
At first the commitment of management process should maintain for making policy of
sustainability of the workplace. Therefore Commonwealth Bank of Australia has to supervise all
the work procedure of their company on day to day basis.
The work management department of Commonwealth Bank of Australia should concentrate on
process of planning and how to develop the plan for sustainable policy of their company. They
has to established an isolated department for supervise which factors of work and business affect
the sustainability of environment, so that they could able to take proper action for developing the
policy which will help in maintain the sustainable development of environment and as well as
their bank. And that will also help in understanding the nature of work of the company
(CommBank, 2019).

Waste management:-
For development of working policy of sustainability the company here Commonwealth Bank of
Australia should aware about the waste management. Otherwise the sustainability management
would not be possible. The company has to create a process for proper management of waste
material like food, water, and other used products of the company. The Commonwealth Bank of
Australia should develop a manufacturing department which will help in management of those
waste materials of the company by converting those materials into composing materials or
decomposing into the soil (CommBank, 2019). The Commonwealth Bank of Australia should
take action for management of water. They should stop waste water, use water gently, because
no water policy is present here.
Management of wind emission:-
For industrialization and urbanization environment of world started polluted, amount of air
pollution is very high in recent time therefore for maintain sustainable development of
environment The Commonwealth Bank of Australia should stop air pollution and for that at first
they have to do tree planting around the working campusand office campus of their company
(CommBank, 2019).Then they should provide policy for the employees of their company so that
if their employees affected by the air pollution they could able to their treatment.
The working policy will help employees of the Commonwealth Bank of Australia in live their
life and working safely and it will also good step for sustainability management.
Scope and direction of sustainable policy:-
Scope of policy will help a company to develop policy. The effect of nature will be good if the
balance of the nature is correct but when the nature started to looses it equilibrium then it will
affect the world badly. In present situation people are destructing the nature. Therefore it is
necessary to manage the sustainability otherwise it may hamper people’s life. The term
sustainable means minimize the production, minimize wasting water, soil, other materials,
minimize the usage of nonrenewable energy, etc. (Commonwealth Bank Group, 2019). For
development of working policy and management of sustainability the Commonwealth Bank of
Australia should use renewable energy, and formulate policies of sustainability which will help
the employees of Commonwealth Bank of Australia. Issues regarding environment or nature and

sustainability are connected right away. Therefore the Commonwealth Bank of Australia has to
maintain at first the ecological sustainability. And they have to maintain the financial
sustainability and societal sustainability also for further development of working policy for
sustainability.
For developing a working policy and management of sustainability the Commonwealth Bank of
Australia should follow all the mentioned legislation, rules and regulations. The sustainability of
environment in Australia regulated and governed by the Environmental Protection Biodiversity
Conservation Act 1999. The equilibrium of ecology is administer with the help of this act, it is
very helpful maintain sustainability(Commonwealth Bank Group, 2019). There are some other
legislation which help the Commonwealth Bank of Australia in development of working policy
for sustainability, those are as follows The Corporation Act 2001, Environment Protection Act
1981, Hazardous Waste Act 1989, Ozone Protection and Synthetic Gas Management Act 1989,
etc are very much helpful for maintenance of environmental sustainability and reduction of
problems which are related with sustainability.
The commonwealth Bank of Australia should identify stakeholders for development of
sustainability policy. All decision and required methods for developing working sustainability
policy will be decided by the company stakeholders. Induction session, intranet, communication,
etc are the medium through which stakeholders may help in maintain sustainability.
SWOT analysis in development of sustainability policy:-SWOT analysis is a framework which
will help in identifying the Commonwealth Bank of Australia’s position in market, and also help
in developing the policy for maintain the sustainability. Basically it helps in understanding
strengths, weaknesses, opportunities, and threats of the company. And maintaining that the
Commonwealth Bank of Australia formulate policies for management of sustainability of
environment (Commonwealth Bank Group, 2019). This will also help the betterment of the
company by managing risks factors and using capacity, scope.

Cost- benefit analysis:-
Through the help of cost- benefit analysis a company could able to identify their strengths and
weaknesses for providing better opportunities to their own company. Therefore the
Commonwealth Bank of Australia can develop sustainability policies with help of cost- benefit
analysis. And also maintain environmental sustainability by using their company strengths and
minimizing the weaknesses(Crccare.com, 2019).
Development of sustainability policy of the Commonwealth Bank of Australia:-The
Commonwealth Bank of Australia develop sustainability policy for management of their
business well and improve their position by management of environmental sustainability. This
company develops the policy through revised old policies, reduce pollutions, develop new
human rights plan, etc.
The Commonwealth Bank of Australia developed an environmental, social, and governance
policies in 5th November, 2015 for maintenance the sustainability and further development of the
business of their company. This developed sustainability policy known as ESG policy. For long
term profit of the business, and other improvements of the company, and manage the balance of
nature this policy will help the Commonwealth Bank of Australia(Crccare.com, 2019). This
company established an updated and more enhance version of sustainable policy which will help
to maintain financial sustainability and societal sustainability in between 2016-2018.
Commonwealth Bank of Australia imply various policies and procedures for enhancement of the
company and development sustainability of the company such as revised group environment
policy, enhanced finance carbon emissions disclosure, new human rights position statement, new
Strengths Weaknesses
Opportunities Threats

wealth management responsible investing framework, etc. This company implied group
environment policy in 2001, and this policy revised in 2008, 2012, and 2015 for further
betterment. Since 2009 this company has been reduced 40% of domestic emissions.
Commonwealth bank of Australia approved a renewable energy project in 2004 for enhancing
the sustainable development of the company (Commonwealth Bank Group, 2019).
Commonwealth Bank Sustainability Report 2015 and Responsible Investment and Stewardship
Annual report 2015 will help to know all the information regarding sustainability of this
company.
All staffs, stakeholders, managers of the Commonwealth Bank of Australia took different
responsibilities for implementation of these above mentioned policies, principles and procedures
for betterment of the company, and maintaining sustainability.
For handling the climate change effect over the Commonwealth Bank of Australia it had a policy
since 2001, and continuously updated this policy for manage the sustainable development of the
company and their business. it helps in minimizing the effect of global warming, effect of
carbon, etc.
Key ESG facts of Commonwealth Bank of Australia :-(a) For development of the business and
they support society, for prove that they established Sustainable policy for workplace. (b) The
Commonwealth Bank of Australia continuously updated their sustainable policy in 2008, 2012,
2015 after established in 2001, (c) For reduction the effect of carbon they set a target which is
very helpful for management of sustainable development of nature(Crccare.com, 2019),(d) The
domestic groups of emission help them for reduce the effect of carbon. (e) The Commonwealth
Bank of Australia approved finance for start a project of renewable system in 2004 so that people
can use renewable energy system which will help in minimizing the use of nonrenewable energy
and minimizing the pollution. (f) The Commonwealth Bank start program for maximize the use
of solar system, geothermal, hydro, wind energy, bio gas which will help in development of
sustainability of environment. (g) By sustainable policy of workplace they try to enhance their
business towards a right direction. (h) The Commonwealth Bank of Australia group became
United Nations Global Compact in 2009(Crccare.com, 2019). (i) This company establishes them
at international standard by developing the sustainability policy for managing nature and
minimizes the social and financial risks which may affect the business of Commonwealth Bank

of Australia. (j) In 2015 the Commonwealth Bank of Australia started green project. (k) And in
2015 the Commonwealth Bank of Australia achieved the best position in the world as number
one company of Australia and number two bank of the whole world. (l) For further development
they started to implement various project and asset.
The Commonwealth Bank of Australia includes sustainability policy for workplace as business
plan so implementing the policy they could able to enhance their business and compete in the
market. This policy will help in reducing the usage of resources, and minimize the toxic material,
use of chemicals which are harmful for business and environment also. This will also help in
increasing the use of renewable energy and resources (Crccare.com, 2019).
For continuous development and enhancement life cycle management plays an important role.
PDCA cycle is a good strategy which this company should implement for development of
business and policy. P stands for planning, D stands for doing, C stands for checking, and A
stands for acting, all these steps are helpful for bring change in business.
Full form of KPI is key performance indicator. Through this the company could able to measure
value which exhibits how Commonwealth Bank of Australia will achieve their business
objectives. Rate of profit, production, and performance of the all staffs will be measured through
this KPI for measurement. KPI also help in measuring the performance level of employees of
Commonwealth Bank of Australia and this will also helpful for improve the business condition
of this company and sustainable development of nature.
Plan
DoCheck
Act

Communicate and implement the sustainability policy:-
It is necessary to communicate this policy to employees of the Commonwealth Bank of Australia
after its development, otherwise the company and their employees would not be able to achieve
the aim of this policy, and failed to get benefits from this and as a result business will be affected
by the environmental factors, and sustainability will be also hampered. There are various types of
methods which could help in communication with this policy. (1) Internal newsletters- through
the help of this stakeholders and employees of the Commonwealth Bank of Australia could be
able to communicate with the policy, this method is authoritative paper made by head of the
company. (2) Posters and notice- By making poster and notice company’s employees and
stakeholders can be able to communicate with this policy through circulating the notice and
poster, this a promotional method. (3) Meetings- Conducting meeting will also helpful method
for communicating with sustainability policy. (4) Logo or mascot- Creating logo or mascot is an
attractive way for communicating with policy, it may easily attract employees and therefore they
could be able to aware about sustainability of nature (Canstar.com.au, 2019). The impact of
communication and how this policy influence the employees and company can be measure
through observing behavior of employees, track the procedure of sustainability, conform record,
and homologue the present situation and the awaited results of the Commonwealth Bank of
Australia.
For implementation of sustainability policy in the workplace the Commonwealth Bank of
Australia should develop a procedure which will help in implementing the policies in workplace
for betterment of the company and for betterment of the employees of Commonwealth Bank of
Australia. The procedure of implementation has to act like a framework which will assist the
employees of the company in achieving the goals and aims of the policy (Canstar.com.au, 2019).
Stakeholders of the Commonwealth Bank of Australia also play a significant role in
implementing the sustainability policy within the workplace, and it will aware the employees of
the company about sustainable development of environment and sustainable development of the
business. All employees of the company should know what duty they have to do for successful
implementation of sustainability policy in the workplace and should also know the procedure
behind the policy.

(1) Enhancement of policies and procedures- At first for developing the procedure identification
of stakeholders of the company is mandatory. Proper guidelines, perspective of the employees,
condition of the business and company, such information will help in developing the procedure
of implementation. Some strategies of developing the procedure, those are: (a) Reduce the use of
energy- In between December 2017 the use of energy should be reduced, this was the target
which is regulated by National Greenhouse and Energy Reporting Act and set by stakeholders of
the company (Canstar.com.au, 2019). All employees had to conform this. (b) Green purchasing-
target was to buy equipment which could facilitates the company for go green. (c) Waste
reduction- Target was to decrease the amount of wastes production. Policies of the company may
help in this. All employees tried to reduce the rate of wasting products. For implementation the
sustainability policy in the workplace poster method will also help. Through notice and poster
company could able to inform all employees and other associated people of the company so that
they could know the policy and can help in achieving the goals for maintain sustainable
development of environment (Canstar.com.au, 2019). The Commonwealth Bank of Australia at
first should stop the waste of paper by following the below steps:
(i) For print use small size paper,
(ii) Use electronic system,
(iii) Reuse the envelopes and folders,
(iv) Do not use extra paper,
(v) Use recycling box.
(2) Process of implementation- The process of implementation of sustainability policy should
start after notify all employees through email or meetings.
(3) Barriers management- The barriers which will disturb the implementation process company
should take action against those barriers and use management process for controlling.
For further improvement of policy and business or company the old track record will help very
much in assessment the Commonwealth Bank of Australia (Canstar.com.au, 2019).

Monitoring and review of sustainability policy:-
After implementation proper monitoring is needed of sustainability policy so that the company
can smoothly achieve their goals. Some monitoring process also required for that. After
monitoring that review of implementation, the company should analyze then they could able to
know the rate of waste products, rate of used energy, etc. And this is necessary for maintain
sustainability of nature and the company as well (Commbank.com.au, 2019). Review will help in
understanding the success of policy, any other requirement for improvement, remedial strategy,
performance of employees, issues regarding the sustainability policy, etc. The report of review
will also help in updating the policy for further betterment.
The Commonwealth Bank of Australia should remember the following points, those are as
follows: All the implied policies, principles, and procedures by the Commonwealth Bank of
Australia have to be reviewed if any changes needed in these implied policies and procedures.
This company also required to investigate the results of these policies and principles
(Commbank.com.au, 2019). If the result leads to the success of the company then the process of
implementation will be correct but if its leads to failure then necessary changes are needed.
All employees, associated stakeholders and managers of the company need to recognize the areas
which required remedial changes for improvement of the policies and procedures. Otherwise this
company will fail to maintain the sustainability (Commbank.com.au, 2019). And feedback from
the customers should be taken for recognize those areas which need changes and improvement.
Old policies, principles, and procedures need modification after a certain time, need to update.
New policies will be more helpful for maintaining sustainable development of Commonwealth
Bank of Australia.
Conclusion:-
From the above report it can be concluded that the Commonwealth Bank of Australia developed
sustainable policy for the workplace and that will help them to achieve the goals of their
company. Through this policy this company could able to manage the sustainable development
of environment and business as well. They continuously updated their policy. And this policy is
also beneficial for the employees. This step for betterment of the world and business is essential
and it will help in making pollution free workplace, environment and world. Proper procedures