Wesfarmers considers building a diverse and inclusive workforce as an opportunity to deliver on our objective of satisfactory returns to shareholders. Our customers and stakeholders are diverse and to gain the best insight into their needs, and how to meet them, diverse and inclusive teams are required. A diversity of perspectives and backgrounds also strengthens creativity in teams. Moreover, creating an environment that attracts, retains, and promotes team members with a wide range of strengths and experiences ensures that Wesfarmers is best equipped for future growth.
At Wesfarmers, we strive to provide an inclusive work environment, where everyone feels respected and safe. We believe everyone has a part to play in actively and intentionally behaving with inclusion in mind, and that means encouraging, recognising and including the many facets and combinations of diversity that characterise our teams. Our commitment to inclusion across Wesfarmers extends to all people and perspectives. Particular focus in measuring progress against representation is paid to achieving a gender balance in senior management positions across our divisions and continuing to boost employment of Indigenous people.
Since 2010, Wesfarmers has had a Gender Diversity Policy in place that aims to foster gender diversity at all levels within the Group. Details of our current Policy are published on the Wesfarmers website. In line with the fourth edition of the ASX Corporate Governance Principles, Wesfarmers has developed a new policy, the Wesfarmers Inclusion Policy, to replace the current Gender Diversity Policy. This new policy aims to encourage an inclusive work environment where everybody feels respected at work and includes fostering diversity in all its facets at all levels across the Group.
The Wesfarmers outgoing Gender Diversity Policy and incoming Inclusion Policy outline that measurable objectives be set and reviewed annually by the Board, and that Wesfarmers’ progress in achieving these objectives be disclosed.
See the Diversity and inclusion section of this website and pages 18 - 21 of the 2019 Corporate Governance Statement for more details on our current four objectives, indications of progress on these objectives and some illustrative examples selected from across our portfolio.