Woolworths Case Study

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Woolworths Limited (“Woolworths”) is a public company with product ranging from food, petrol, liquor, general merchandise, home improvement to hotels and gambling. Being a huge and diversified conglomerate, Woolworths is ranked the number 2 company in Australia. It owned one of the Australian largest chains of supermarket retail. Since its inception in 1924, Woolworths currently has 3,182 stores across all its brands and serving averagely 21 million customers every week. Woolworths undertakes corporate social responsibility (“CSR”) activities. One such example is by providing fresh and healthier choice of food to its customers at affordable price. 3.1% deflation in average price enables the households of Woolworths’ customers to save on average…show more content…
This may be done by providing financial and technology assistance to enable them to cultivate crops such as sugarcane, wheat and fruits whereby Woolworths may subsequently source their products and market them in its retail outlets. Such commercial farming will provide a stable source of income for the indigenous community. Woolworths may create a brighter future for them by further educating them on sustainable farming and marketing indigenous handicrafts goods in its retail outlets. Non-Governmental Organizations (NGO) are regarded as secondary stakeholder of Woolworths as they may be affected by Woolworths’ policies and actions. They are considered stakeholder who although are not directly affected nor possess any legitimate right regarding Woolworths’ use of natural resources, but may have a moral right to question its policies affecting environmental…show more content…
Woolworths should engage in CSR activities as maximizing business efficiency while diminishing waste are strategic ways enabling Woolworths to reduce costs in long term. Triple bottom line (“TBL”) reporting is crucial to assist sustainability goals as it evaluates Woolworths’ performance on the financial, social and environmental aspects over duration of time. To reduce global warming, Woolworths concentrated on carbon emissions reduction. According to its commitment for energy efficiency and low carbon technology, Woolworths’ investment of A$112 million in rooftop solar and other energy-saving measures garnered saving of A$162 million in operational costs, 42% reduction in carbon emissions and increased bottom line. As leading retailer, Woolworths’ actions are capable of ensuring a better world for future generation, thus distinguishing itself from its
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