Sustainability at Wesfarmers
This is Wesfarmers' 20th Sustainability Report.
Our first sustainability report was released in 1998 and was known as the Environment, Health and Safety Report.
Over the last twenty years Wesfarmers has formally communicated its progress in sustainability by producing an annual sustainability report; but Wesfarmers has been committed to creating value for our shareholders, customers, employees and communities for more than a century. Long-term value creation is only possible if we play a positive role in the communities we serve. At Wesfarmers, sustainability is about understanding and managing the ways we impact our community and the environment, to ensure that we will still be creating value in the future.
We acknowledge the scientific consensus on climate change and the effects it may have on our customers, our operations, the economy and the communities in which we operate. We recognise that we have a role in investing in Australia’s response to climate change as this will deliver significant economic, social and environmental benefits for us all. For Wesfarmers, this is about good governance, prudent risk management and positioning our businesses competitively for the future.
Wesfarmers is committed to minimising our own 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.
This year Wesfarmers scored 78 out of 100 in the Dow Jones Sustainability Index (DJSI). The assessment recognises Wesfarmers as a global leader in sustainability, with our strongest performance in the areas of health and nutrition, information and cyber security, environmental policy and management and corporate citizenship.