External participation

Wesfarmers works with external organisations and initiatives that promote transparent reporting of non-financial metrics and to complement and extend our own reporting in a meaningful way, which is in the public interest. Wesfarmers currently works with several external organisations and applies several reporting frameworks, including:

Wesfarmers joined the Australian Government’s Tax Transparency initiative and became a signatory to the register of entities committing to lodge a Tax Transparency Report, publishing our first report in December 2016. In December 2023, we released our annual 2023 Tax Contribution Report, which provides stakeholders with the necessary information concerning Wesfarmers' Australian tax activities for the 2023 financial year. The 2024 tax contribution report will be released in December 2024.

Wesfarmers was a member of the Carbon Disclosure Project (CDP) since 2010. However, with our current focus on direct disclosures to stakeholders, Wesfarmers has opted not to participate in the CDP and focus efforts on streamlining reporting processes and publicly disclosing climate risk related information in alignment with the Taskforce for Climate-related Financial Disclosures (TCFD). Wesfarmers believes this approach provides interested parties with consistent and timely information.

Wesfarmers divisions also individually participate in relevant external industry organisations and initiatives, including:

  • Association of Professional Social Compliance Auditors (APSCA)
  • Baptist World Aid Ethical Fashion Report
  • Better Cotton Initiative (BCI)
  • Cleaning Accountability Framework (CAF)
  • Collaborative Advantage
  • International Labour Organization (ILO)/International Finance Corporation Better Work Program
  • Forest Stewardship Council (FSC)
  • Fashion Transparency Index (FTI)
  • Responsible Labour Initiative
  • Sedex Stakeholder Initiatives
  • Sustainable Apparel Initiative
  • United Nations Global Compact Network Australia (UNGCNA) Modern Slavery Community of Practice
  • Action, Collaboration, Transformation (ACT)
  • Accord on Fire and Building Safety in Bangladesh
  • Ethical Sourcing Australia (ECA)
  • Program for the Endorsement of Forest Certification (PEFC)

 

 

GRI: 2-28