Australia's Leading Retailer Woolworths' Sustainability Strategy
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Case Details:
Case Code : BECG087
Case Length : 24 Pages
Period : 2007-2008
Pub Date : 2008
Teaching Note :Not Available
Organization : Woolworths Limited
Industry : Retail
Countries : Australia
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Doing the Right Thing? Contd...
On developing the new store, Michael Luscombe (Luscombe), CEO
and Managing Director, Woolworths, said, "Woolworths understands the scale of
our environmental impact and that is why we are developing realistic and
practical business solutions to improve our ecological imprint."5
Woolworths, well known as the 'fresh food people' in Australia, was established
in 1924.
Its businesses included supermarkets, consumer electronics stores, discount
department stores, petroleum and liquor outlets, and hotels.
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As of 2007, Woolworths had more than 3,000 stores in
Australia and New Zealand with nearly 180,000 employees. In 2006-07, its annual
sales were A$ 42.47 billion with a net profit of A$ 1.29 billion.6,7 During the
year, the company's customer transactions amounted to an average of 21 million
per week.
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Woolworths was the second largest employer in
Australia and Corporate Social Responsibility (CSR) was an integral part
of its corporate agenda. According to Luscombe, the company was aware of
the environmental, social, and economic impact caused by a business of
its scale and therefore implemented a wide range of initiatives to
improve the quality of life of its customers, the workforce, and society
at large.
Though Woolworths gave importance to social commitments and
took up several initiatives to be a responsible retailer for several
years, it was only in June 2005 that the company presented its first
Corporate Social Responsibilty Report... |
Excerpts
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