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Wesfarmers Limited Sustainability in Action. A presentation to the Asia Pacific Sustainability Summit Perth, Western Australia Thursday 23 rd August 2012 Cameron Schuster, Sustainability Manager, Wesfarmers Limited. Disclaimer.
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Wesfarmers Limited Sustainability in Action A presentation to the Asia Pacific Sustainability Summit Perth, Western Australia Thursday 23rd August 2012 Cameron Schuster, Sustainability Manager, Wesfarmers Limited
Disclaimer The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. This presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Wesfarmers Limited, its directors, officers, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. Before making an investment decision, you should conduct your own due diligence and consult with your own legal, tax or accounting adviser as to the accuracy and application of the information set out in this presentation. You should also obtain and rely on professional advice from your own tax, legal, accounting and other professional advisers in respect of your particular investment needs, objectives and financial circumstances. This presentation is not an offer of securities for sale in the United States or any other jurisdiction in which an offer may not be made under applicable laws. Securities may not be offered or sold in the United States unless the securities have been registered under the U.S. Securities Act of 1933 or an exemption from registration is available.
4 Wesfarmers - Sustainability in Action Presentation Outline • Scope of operations • Our approach to sustainability • Some highlights of our progress: • Economic • Environment • People • Carbon/Energy • Community & Society • Future opportunities & challenges • Summary
Wesfarmers - Sustainability in Action Scope of operations • ASX listed company with operations in Australia, NZ, UK & logistics in South/East Asia • Approximately 202,000 employees • Over 490,000 shareholders • FY12 revenue $58.1 AUD billion; EBIT $3.55 AUD billion and NPAT $2.12 AUD billion • Over 3,400 retail stores • Retail, Resources, Chemicals Energy & Fertilisers, Insurance, Industrial & Safety supplies
Portfolio of leading brands Retail Businesses Industrial Businesses Insurance
7 Wesfarmers - Sustainability in Action Our approach to Sustainability • 8 Operationally autonomous divisions • Within the WES governance and ethical framework we structure our approach to sustainability around: • Economic • Environment • People • Carbon/ Energy • Community and Society • Responsible Sourcing • Reporting and transparency • 15th year of Sustainability reporting & external assurance (some Divisional Reports also) • Carbon and Water Disclosure Projects • Dow Jones Sustainability Index , Forest Footprint Disclosure Project, London Benchmarking Group and other similar reporting/index processes • Reconciliation Action Plan • Various legislative reporting • Investor/analyst presentations & other surveys • Role of Wesfarmers Board & Audit Committee
8 Wesfarmers - Sustainability in Action Some highlights of our progress in FY 11 and 12 Economic • Approximately 202,000 staff in Australia/ New Zealand • Focus on shareholder value over the long term • FY12 Payments to governments $1.50B AUD (ex GST) • FY 12 Net Capital Expenditure $2.35B AUD • FY 12 wages and salaries >$7B AUD • FY 11 Value added by WES >$12B AUD Environment • Governance & regulation • Total water use 12.6Gl with significant conservation efforts in Resources & WesCEF • >240,000 tonnes consumer/retail waste recycled • $90M environmental expenditure inc energy efficiency • Palm oil, seafood products stewardship, timber procurement
9 Wesfarmers - Sustainability in Action Some highlights of our progress in FY 11 /FY 12 People • LTIFR FY09 13.06; FY10 10.95; FY 11 12.8 FY 12 10.9; FY 10TRIFR 49.3 (R12); FY 11 TRIFR 40.9 FY 12 43.15(R12); • >57% of staff are female, occupying 26% of management/supervisory positions; • Training & development 2.2M hours recorded training Carbon and Energy • FY11 Greenhouse emissions 6.35Mt (Scope 1,2 and 3) - (NGER Act Scope 1 & 2 in Australia 5.04 Mt); FY 12 reduces • FY11 Energy use 33.8 PJ; FY12 reduces with asset sales and energy efficiency; • Challenge is carbon caps & RET this decade • Major emission sources are electricity, N2O, CSM and CO2 • Focus on emission reduction and energy efficiency • Energy efficiency is a major focus; Coles & refrigeration; Bunnings lighting & micro generation; WES Chemicals AN plant design; distribution centres; logistics & supply chains
11 Wesfarmers - Sustainability in Action Some highlights of our progress in FY 11/ FY 12 Community and society • Community partnerships developed across business • FY11 $77.6M including $33.8M direct contribution • FY 12 $70M approximately in total • Australia & New Zealand community crises 10/11 • Wesfarmers Arts, WA & national • Bunnings community focus • Many facilitated community programs Responsible Sourcing • food quality programs eg hormone free beef; palm oil; cage free eggs; • ethical sourcing programs - our focus & audit programs; • timber procurement; • supplier relationships • Phosphate rock –Western Sahara
12 Wesfarmers - Sustainability in Action Achievements, opportunities & challenges FY12 & beyond • carbon caps, business growth & energy efficiency • ethical sourcing & supply chains • water in supply chains • continuous safety improvements • more effective community partnerships • transparent reporting & the growth in requests and approaches • greenhouse emission reduction • community attitudes to sustainable practice • gaming and liquor • Australian “Sustainable Company of the Year” 2011
13 Wesfarmers - Sustainability in Action Summary • structured approach based on principles with responsibility in the businesses • capacity for small improvements to be leveraged across the Group • understanding & reporting openly on our footprints including supply chains • opportunities in the future are significant, but the challenges become more complex • will continue to engage effectively with society Thankyou.
