FY2023 REPORTING
Our Priorities
People development, diversity and inclusion
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Advancing reconciliation
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Health, safety and wellbeing
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Ethical sourcing and human rights
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Economic and community contributions
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Product quality, safety and standards
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Data and cyber security
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Circular economy
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Climate resilience
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Governance, compliance, conduct and ethics
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Our Businesses
View the material sustainability priorities our businesses managed in the 2023 financial year
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Ernst and Young (EY) has provided limited assurance over the content of these financial year 2022 sustainability disclosures, including the data provided.
The EY assurance statement can be found here.
Sustainability at Wesfarmers
Sustainability is core to the Wesfarmers Way. Our primary objective, value-creating strategies, and values embed care for people and planet, across the Group.
We understand that long-term success requires us to look after our team members, anticipate the needs of our customers, treat our suppliers ethically and fairly, invest in our local communities, take care of the environment, and behave with honesty and integrity. These well-established pillars underscore all of our work, from business management and strategy through to capital allocation, knowing that actions aligned with these pillars create long-term sustainable value for all stakeholders.
This website includes information about those sustainability issues that we and our stakeholders have identified most material. Most importantly, our approach to the management of these issues is focused on driving positive, sustainable long-term outcomes.
Wesfarmers sustainability disclosures are prepared in accordance with the Global Reporting Initiative (GRI) and linked to the United Nations Sustainable Development Goals.
Team members
Material Issues
People development, diversity and inclusion
Advancing reconciliation
Safety, health and wellbeing
Approach
Looking after our team members and providing a safe and fulfilling work environment
We support gender balance, and employment parity for Indigenous team members because diverse teams perform better. Safe and fulfilling workplaces strengthen business productivity and performance and team member retention and engagement.
Selected FY2022 outcomes
9.2
Total Recordable Injury Frequency Rate representing a 4.2% improvement on FY2021
3,601
or 3.3% of Australian team members identify as Indigenous Australians, with employment
parity regained in late 2021
Suppliers
Material Issues
Ethical sourcing and human rights
Approach
Engaging fairly with our suppliers and sourcing ethically and sustainably
By sourcing products and services in a responsible, sustainable way, we strengthen critical supplier relationships and support workers in our supply chain. Customers value our ethical approach.
Selected FY2022 outcomes
4,355
supplier sites in the
ethical sourcing
program with 2,651 or
61% monitored during
the year
98%
of reportable breaches
were or are being
remediated, improving
conditions for workers
in our supply chain
Communities
Material Issues
Economic and community contribution
Approach
Supporting the communities in which we operate
By being connected to and invested in our local communities, we help them to succeed. Connected and creative communities are more agile, inclusive and innovative.
Selected FY2022 outcomes
$53.7m
in direct and indirect
contributions
to community
organisations,
principally in Australia
and New Zealand
45,000
visitors to
Ever
Present: First Peoples
Art of Australia
during
its presentation at the
Art Gallery of Western
Australia
Customers
Material Issues
Product quality, safety and standards
Data and cyber security
Approach
Anticipating the needs of our customers and delivering competitive goods and services
Our businesses perform better when providing customers with affordable, safe and reliable products and services. By investing to ensure products and services are safe, Wesfarmers builds confidence among customers which strengthens its businesses.
Selected FY2022 outcomes
100m+
digital interactions
with customers
each month with
operations maintained
during COVID-related
lockdown
OnePass
established to provide
members with
additional benefits and
convenience when
shopping with our
retail businesses
Environment
Material Issues
Circular economy
Climate resilience
Approach
Taking care of the environment
Being nature and climate-aware builds resilience and creates opportunities for our businesses. Managing resources responsibly resonates with our team members and customers, reduces our environmental impact and enhances our reputation.
Selected FY2022 outcomes
7.4%
reduction in Scope 1
and 2 market-based emissions relative to FY2021, excluding the Health division
69.6%
of operational waste
recovered and diverted from landfill
Integrity and honesty
Material Issues
Governance, corporate conduct and ethics
Approach
Acting with integrity and honesty in all our dealings
Board oversight of sustainability risks and opportunities and robust governance promote accountability, transparency and achievement of sustainable outcomes across the Group.
Selected FY2022 outcomes
Renumeration
for senior executives
included consideration
of financial performance
and other matters
including safety and
other sustainability issues
ESG data
with new, additional
metrics monitored to
support governance
and reported to increase transparency