More corporations tend to apply sustainability into their business operations. Woolworths as an Australian retail company, also add more emphasis on sustainable development. This report shows the reason why Woolworths take sustainable strategies in global business context for further development in the future. Firstly, the report offers a brief description for the background of Woolworths and presents the definition for sustainability. With the development of globalization, environmental problems also emerge increasingly, which will be a great threat for the survival and development of human beings. Therefore, a wide range of cooperation and big international environmental protecting system has been built by the international communities in politics, economy, technology and trade, as well as other aspects to cooperate for the purpose of gaining sustainable development. Hence, if companies desire to develop in the longer term, they should implement sustainable development strategies. According to Woolworths, it should take more social responsibilities to protect the environment and promote social development. Following this, the report will discuss the benefits of sustainable development from the perspective of economy. Subsequently, the report discusses the advantages of taking sustainability development and the reason why Woolworths take sustainability development. Finally, the report presents the way how the company could carry out sustainable strategies for the further development in the following days.
The Definition of Sustainability4
Discussion and Analysis4
Definition of Sustainability on Economic Aspects4
The Significance of Sustainable Strategy4
The Reason Why Woolworths Take the Sustainable Strategy5
It’s about listening.5
It fits with our values.5
It’s about looking forward.6
It’s about leadership.6
The Advantage for Woolworths to Take the Sustainable Strategy6 Support from sustainability Advisory group6
Engagement of all employees7
What Can Be Done for Woolworths about Sustainability7
Minimizing the carbon footprint7
Energy efficiency in existing stores8
The definition for integrated reports is to report the corporation’s work in a comprehensive way.8 Conclusion9
Woolworths as one of the largest retailers in Australia, own a separate sustainability strategy named our planet. By doing this, the company could make great commitments to protect the environment. Woolworths made its first corporate social responsibility report in 2005. In 2007, it carried out the first sustainability strategy and is considered as one of the most sustainable corporations in Australia. It is common that the world has changed. As customers, stakeholders, staff or other stakeholders, they expect Woolworths to have the awareness and make rapid response to the challenges of sustainability. According to an organization as diverse and large such as Woolworths, the events about sustainability are complex and they will face with tough challenges. The company has never shied away from coping with those tough issues in the past time, and that has made great contributions greatly to their achievements in the last time.
The Definition of Sustainability
Sustainability refers to the abilities to keep a certain process or status in the current systems. People mostly think that sustainability has relationship with biological or human systems in the ecological context. According to the World Commission on Environment and Development in 1987, sustainability is defined as forms of progress conform to the needs of the present without harming the developments of the future generations (World Commission on Environment and Development, 1987).
Discussion and Analysis
Definition of Sustainability on Economic...