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1. The application of sustainability business models
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Woolworths perform sustainability by implementing recyclable waste and packaging in their store. Woolworths' strategy behind implementing this initiative for sustainability is as population growth is increasing it results in increased garbage production, particularly in metropolitan areas. Many manufactured products as well as their packaging leads towards landfills or are burned, or seep back into the natural landscape. By keeping sustainability in mind, Woolworths have developed a strategy with the goal to address the issue of landfills in society. Since 2017, Woolworths is laying more emphasis on meeting goals related to environmental sustainability. Woolworth has put emphasis on developing an economy that is circular, acquiring sustainable products, and adapting to climate change throughout all facets of their organization. Another reason for the company to focus on sustainability is to create a positive impact on the planet. As the company is focusing on future endeavors it is important to put initiatives from now.
Woolworths' commitment in 2018 was that by 2022, all of their packaging will be biodegradable or reused, and by doing this Woolworth will send zero packaging trash to landfills. The company's vision is to make all its products or customized items to be recycled, mended, resold, or repurposed by 2025. Woolworths' also committed to cut down on food loss and waste by half among the top 30 suppliers and in-house processes by 2030 (Sachs, et. al, 2022). By reducing food waste, sustainable sourcing, reducing plastic consumption, and animal welfare, Woolworths' progress measures consumer satisfaction and increases the consumer base towards them. The company also has implemented other initiatives also like energy efficiency and recycling labelling.
Woolworths' waste and sustainable packaging have gained a lot of praise from their customers. Moreover, company is emphasizing more on offering high quality and nutritious options. With the motive to cater changing demand and pReferences of the customers Woolworths initiated "Grower Fresh campaign." Meanwhile, by undertaking varied innovative business practices Woolworths emphasized on offering fresh products. The company received praise from farmers, suppliers, partners, and customers for their innovation in creating a sustainable environment.
With the motive to gain competitive advantage Woolworths is offering healthier options to the customers at affordable prices. Further, to increase market share or customer base company is focusing more on including attractive pictures for packaging purpose. Company is also involved in improving supply chain by collaborating with partners. The company is no longer content with reducing the negative effects of our activities. The company looks at sustainability as the opportunity to innovate and deliver benefits for the generations to come. With sustainability, the company will drive value for its shareholders as well. Woolworth and its partners believe that sustainability is important to them because they share the same values. They also believe in the fact that working together will be profitable for all in achieving their future ambitions as well.
2. Critically analyzing areas where firm needs to improve performance
The study aids in evaluating the efficacy of Woolworths Limited in implementing best practices and regulations, as well as deciding if changes are required in the years to come. With analysis, the HR policies are highlighted well. Sustainability at Woolworths is measured by reducing food waste, sustainable sourcing, reducing plastic consumption, and animal welfare, Woolworths' progress measures consumer satisfaction and increases the consumer base towards them. The company also has implemented other initiatives also like energy efficiency and recycling labelling. The organization can improve its performance while implementing sustainability following ways:
Promoting urban agriculture
The amount of CO2 emitted can be reduced when food is transported from rural to urban areas by preserving agricultural land. Production of fresh and organic produce can help in reducing the environmental impact on food distribution will increase opportunities for locally operated supply chains and also it will bring access to nutritious food.
Zero food waste
The landfills are becoming overflowing with recycled or unusable food waste (Weiland, 2021). There, it breaks down and releases methane, a greenhouse gas that is worse for the environment than carbon dioxide. The landfills are becoming overflowing with recycled or unusable food waste. From evaluation, it has found that in comparison to carbon dioxide greenhouse gas places adverse impact on the environmental aspects. Food waste may be significantly decreased through city-wide initiatives that gather nutritious and secure food and distribute it via organizations and food pantries, compost, or use of rejected food for energy production (Roosa, 2020).
Packaging
Woolworths products are packed in such a way that the food inside the packet should not get messy or do not get bad when customers carry it to their homes (Ashby, 2022). The majority of the goods sold by Woolworths are wrapped in some fashion, and they may then have extra packing to keep them safe while being transported, displayed, or for the client to bring home (Khosla, et. al, 2021). Woolworths collaborate with the vendors they use at every stage of their supply chain to ensure that packaging is effective and doesn't harm the goods. They are concentrating their attempts to reduce waste on packaging their own private label and unique items because they have the most control over it.
Reducing carbon emission
One of the main goals of Woolworth is to reduce carbon emissions from their stores by 40% by 2015, from both new and existing stores (Halkos and Gkampoura, 2021). This can be done by implementing ideas based on technology like lighting, areas of refrigeration and air conditioning.
Water
Woolworth needs to look at whether its farmers and producers are using water effectively or not. Is there any wastage going on etc.? Sustainable use of water can be done by using improved fittings, good infrastructure, and tools & equipment.
Animal Welfare
In order to keep raising the bar, Woolworths works closely with its suppliers and is dedicated to enhancing animal welfare.
3. Devising a proposed sustainability action plan
Zero carbon
Woolworth is focusing to make the existing and new buildings energy-efficient, and renewable energy sources must be used to provide the energy.
Zero waste
For reducing trash the company is utilizing it wherever feasible and eventually disposing it of properly so that there will be no more landfills of garbage
Sustainable materials
By utilizing environmentally friendly and healthful materials with minimal embodied energy, sourced from local supplier, or created from natural sources Woolworth is maintaining sustainability.
Sustainable transport
Lowering the demand for travel and meanwhile promoting low and zero-carbon means of transportation to cut emissions and also with the technological advancement and introduction of e-vehicles which runs on batteries will help in achieving sustainability.
Culture and Community
For ensuring sustainable cultural aspects company needs to make focus on encouraging the involvement of its customers and society in building culture & wisdom and in implementing local identity. On the basis of this, emphasis needs to be placed on improving culture which in turn further enhances employee involvement.
Sustainable water
Focus needs to be placed on utilizing water wisely in business, agriculture and construction so that everyone is benefitted. Along with this, by avoiding regional problems including floods, drought and waterway contamination by building water management systems.
Wildlife and land use
The preservation and restoration of biodiversity and establishing new natural ecosystems by means of wise land use and connection with buildings are what land use and fauna are all about.
Sustainable and local food
Encouraging availability of wholesome, low-impact, locally sourced, seasonally appropriate meals for preventing food waste. In addition to this, company and government is also encouraging farmers to grow organic produce rather than growing chemical-based produce to keep the food nutritious.
Health and happiness
To promote good health and happiness, the company is encouraging peoples' well-being with respect to their active and social life.
Local economy and equity
For supporting local employment, diversity, and international trade fair the company is involved in creating bioregional economics in the country.
Products/ services
To reduce unnecessary consumption, energy, economic cost, economic concentration, and other forms of environmental damage, etc. the products and services should be provided efficiently. To manage such actions towards sustainability it is important to make strategies according to it. The strategies include stakeholder analysis, policy development, designing the objectives, and development of sustainable principles.
Partnering with others
This includes tie-ups of the company with other companies, governmental organizations, authorities, civil society, and non-governmental organizations. Partnering is usually done so that budget could be handled, planning could be done tighter & together, and mainly the management part.
Education and Awareness
With environmental education and awareness programs, change can be brought. It helps in changing peoples' thinking towards the concept of sustainability. Educating children from the beginning of their school stage effectively put an impact on their thinking. Another concept which is prevailing is that of ‘Earth Thinking' which is also very important to transform the lifestyles of people from harmful to sustainable ones. Therefore, educating people is essential for bringing up change.
Refrences
Books and Journals
- Ashby, M. F. (2022). Materials and sustainable development. Butterworth-Heinemann.
- Halkos, G., & Gkampoura, E. C. (2021). Where do we stand on the 17 Sustainable Development Goals? An overview on progress. Economic Analysis and Policy. 70. 94-122.
- Khosla, R., Miranda, N. D., Trotter, P. A., Mazzone, A., Renaldi, R., McElroy, C., ... & McCulloch, M. (2021). Cooling for sustainable development. Nature Sustainability. 4(3). 201-208.
- Roosa, S. A. (2020). Sustainable development handbook. CRC Press.
- Sachs, J. D., Kroll, C., Lafortune, G., Fuller, G., & Woelm, F. (2022). Sustainable development report 2022. Cambridge University Press.
- Weiland, S., Hickmann, T., Lederer, M., Marquardt, J., & Schwindenhammer, S. (2021). The 2030 agenda for sustainable development: transformative change through the sustainable development goals?. Politics and Governance. 9(1). 90-95.
