Wesfarmers has again scored well in the recently released annual Dow Jones Sustainability Index – 78 out of 100. It is the only Australian food and staples retailer in the index and two points off the global leader, Metro AG of Germany.
Launched in 1999, the DJSI is a respected benchmark for corporate sustainability. It is the first global index to track the leading sustainability-driven companies based on analysis of financially relevant environmental, social, and governance factors. Each year over 3,400 publicly listed companies are invited to take part in the assessment.
Wesfarmers was ranked among the top five companies in the world in the food and staples retailing sector which form part of the DJSI World Index. It also took out the single place that is available in the DJSI Australia index for a food and staples retailer.
This assessment recognises Wesfarmers as a global leader in sustainability, with our strongest performances in:
- Health and nutrition (100/100)
- Information security and cybersecurity (97/100)
- Risk and crisis management (89/100)
- Customer relationship management (88/100)
- Supply chain management (80/100)
- Environmental policy and management systems (100/100)
- Environment reporting (89/100)
- Raw material sourcing (83/100)
- Labour practice indicators (100/100)
- Corporate citizenship and philanthropy (90/100)
- Social reporting (84/100)
The result reflects particularly on Coles because a significant amount of the assessment directly related to that business.
Wesfarmers Managing Director Richard Goyder said the outcome was recognition for the effort being made to continuously improve sustainability measures and reporting.
“Sustainability is core to the way we operate at the Group,” Mr Goyder said. “We can only create value for all our stakeholders if we operate in a sustainable way in the communities and environments in which we work.”