Imagine you are Head of Sustainability at the Australian bank Westpac. You are flicking through a pile of Westpac’s sustainability reports, from the first, in 2001, to the most recent last year. You remind yourself of the impact of this reporting in driving change - by explaining the agenda both internally and to investors and other external stakeholders, measuring social and environmental impacts, and setting public targets.
You think it is easy to see how the reports have changed over time. However it has not always been easy to satisfy the expectations of the stakeholders involved - employees, investors, NGOs, corporate peers and internal management, all of whom have differing perspectives on the reporting’s purpose, content, and form.
You decide to spend the morning getting up to speed on any recent developments in reporting, and to look for current benchmarks.
The reason? Unexpectedly the Westpac Board has requested a brief paper from you for its next meeting. They want the report to answer the following question:
Is the current way Westpac reports on sustainability an example of best practice? What, if any, changes do you recommend?
To support your analysis consider at least one or two most significant current or expected developments in sustainability reporting and determine if Westpac is currently implementing those techniques. Keep the report brief and precise
Assessment item 1: Sustainable Business Analysis (Individual) 1500 words MAXIMUM (excluding references) Weight: Each part is worth 30%. This assessment comprises two parts. Each part focuses on a different topic and requires you complete an online module and submit a short report. These have been indicated as the first two ‘ONLINE MODULE’s in the schedule. Each online module is designed to introduce you to contemporary theoretical perspectives related to sustainability management and connect these theories with empirical examples where these sustainability management practices are being adopted. This report should be written in formal report style. It should include direct reference the content you reviewed in the online module, and other materials you source through your own independent research. You SHOULD also include direct references and citations to other course readings and recommended texts. The assignment should be in 11 font with 2cm page margins.