Monday, June 17, 2024

Woolworths publishes Corporate Responsibility Strategy

Woolworths Group released its Corporate Responsibility Strategy 2020 this week, which identifies 20 goals and commitments Woolworths aims to implement by the end of the decade.

The strategy uses Woolworths’ corporate responsibility framework of ‘People, Planet, Prosperity’, which the company first introduced in 2015. It includes diversity-related commitments, such as having women fill 40 per cent of executive and senior-manager roles, eliminating salary wage gaps between men and women, and increasing the number of indigenous employees.

It also sets out targets to achieve zero food waste going to landfill and to reduce carbon emissions to 10 per cent below 2015 levels.

A third element of the plan calls for achieving a top-quartile ranking in regard to treating its suppliers fairly and equitably. It also contains commitments to encourage customers to consume Woolworths’ products more sustainably and healthily, and to invest a set amount of earnings in community partnerships and programs.

Woolworths says it will report regularly on its progress.

“While we’re excited by what the future holds, we’re clear that we should be judged not by what we say we will do, but by what we actually do. This is how we will hold ourselves accountable,” Woolworths Chief Executive Officer Brad Banducci said.

Woolworths launched its first sustainability strategy in 2007.

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