ACCT2105Accounting inOrganisations & SocietyGroup AssignmentS3741327 Kim Ju YeonS3715247 Chun Yae WonS3636108 Vu Thuy TrangS3744113 Minh HaS3580796 My HoLecturer: James Murphy●Introduction:1
Sustainability means that the ecosystem can maintain in the future. Related to this, our group chose woolworths group and coles group because they are in the same industry in Australia and listed on the Australian Stock Exchange. Reporting sustainability is one of theimportant factor of achieving certification. Also, it improves the relationships between investors and customers in response to stakeholder needs for transparency and accountability.●What/How/Why/Whom/WhereWhat Is being reported?How Are they reporting it?Why Are they reporting it?WoolworthsWoolworths itselves reported to the public an annual report has 5 sections which are: “performance highlights” “businessreviews”, “directors’ report”, “financial report” and “other information”.They gave out employers’ reports, what has the company achieved so far, showing their promises, priorities towards sustainability: “ Our diversity and inclusion work is a manifestation of our purpose – by celebrating diversity in all its forms, we can create better experiences together, each and every day. In the year we achieved a number of milestoneachievements withinthis pillar, taking us one step closer to This annual report’s main purpose is to reveal to shareholders statistics, the company’s activities and finances within a year. Also, this annual report is just mainly about meeting the legal requirements. (INC, N/A),2
reaching our 2020 Group Sustainabilitycommitments.” (Woolworths, 2018). They report in great details and order, a clearly presentation,showing their properties, strategies, sales, loss, statistics in general. They also pointed out direct problems as well as weakness and strengthColesThe Wesfarmergroup has interestsColes Group Ltd(Coles)annualreportincluded"OperatingStatement","FinancialStatement","Director's Report",“Sustainabilityreport” and "SignedReport"(TheWesfarmers AnnualReport 2018). These reports areused to convinceemployer, to showwhat the companyhas done in the pastfew years and tomeetthelegalrequirementsandthe foundation of thecompany's growth.