Wesfarmers considers sustainability as an opportunity to drive strong and long-term shareholder returns
This Sustainability Report presents Wesfarmers Limited (ABN 28 008 984 049) and its wholly owned subsidiary companies'* sustainability performance for the year ended 30 June 2018, how we performed, the value we created and our plans for the future. The Report focuses on what matters most to our stakeholders and our business, namely the material issues.
"We aim to achieve satisfactory return for shareholders by looking after our employees and giving them safe and fulfilling working environments; taking care of our customers and meeting all of their needs; looking after our suppliers and developing long-term relationships with them; taking care of the environment and making sure that we are environmentally conscious in all of our activities; by acting ethically and honestly in all of our dealings; and by making substantial contributions to the communities in which we operate. The fact is you’ll never achieve satisfactory returns for your shareholders unless you do all of those other things. That’s what corporate sustainability is all about." - Michael Chaney AO, Chairman, Wesfarmers
At Wesfarmers we believe long-term value creation is only possible if we play a positive role in the communities we serve. Sustainability is about understanding and managing the ways we impact our community and the environment, to ensure we continue to create value in the future.
Wesfarmers is committed to minimising our footprint and to delivering solutions that help our customers and the community do the same. We are committed to making a contribution to the communities in which we operate through strong partnerships and providing direct and indirect employment. We endeavour to continuously improve our performance and publicly report on our progress and challenges.
Sustainability is a critical, Board level, governance and strategic issue at Wesfarmers. Management is responsible for assessing and managing sustainability risks and opportunities and both the divisional boards and the Board of Wesfarmers have oversight of these risks and opportunities. We do not have a sustainability committee at a parent company Board level as it is considered a critical, whole Board issue.
The Dow Jones Sustainability Index (DJSI) tracks sustainability performance of leading companies around the world. In September 2018, Wesfarmers was advised that it is one of only six companies worldwide in the food and staples sector to be included in the DJSI World index.
Our reports are aimed at a broad range of audiences, including employees, customers, suppliers, investors, governments and opinion formers in the fields of sustainability and business responsibility.
Wesfarmers divisions use a Greenhouse Gas Protocol Standard environmental management system to gather, analyse and report data.
Our previous reports can be viewed here.
All dollar figures are expressed in Australian dollars (AUD) unless otherwise stated.
All references to ‘Indigenous’ people are intended to include Aboriginal and/or Torres Strait Islander people.
In March 2018, Wesfarmers announced the completion of the sale of its Curragh coal mine and this Report includes data for that business until 29 March 2018.
*A full list of entities included in Wesfarmers’ consolidated financial statements can be found here.
GRI 102-20, GRI 102-29, GRI 102-31, GRI 102-32, GRI 102-49, GRI 102-50, GRI 102-51, GRI 102-52, GRI 103-2, GRI 103-3