Select one of the business units owned by Wesfarmers Limited and write a business proposal to Mr Goyder that addresses all of the following issues:
1. Briefly describes the activities of the business unit that you have selected. 2. Based on Wesfarmers overarching corporate commitment and philosophies regarding the importance of EMA and SR, explain, using examples, the significance of these to the particular business unit that you have selected. 3. Identify and discuss the main environmental factors facing the business unit you have selected and discuss the operational and reputational risks that the business would face in the event that environmental issues and commitment to sustainability are not well managed and transparently reported; 4. Building on your response to 2 and 3 (above) identify the key stakeholders of the business unit and explain how Wesfarmers corporate EMA strategies and SR reporting frameworks could be adapted, extended and/or modified to meet the needs of those particular stakeholders.
Senior business executives like Mr Goyder are extremely busy. As a consequence, your report should be no more than 4 pages (approximately 1000 words), succinct and to the point.
To do well in the task, in addition to demonstrating a sound understanding of EMA and SR as covered in the workshops and other course material, your report should demonstrate a good understanding of any unique characteristics of the business you have selected and the relevance of EMA and SR to that industry sector.
To do this, it will be necessary for you to undertake considerable additional research. The best starting point for this research will be the 2015 Wesfarmers Annual Report