Question

Using the company Coles Supermarkets as an example, which of these sustainabiltiy theories does Coles refer to and why? Provide the actions the firm has taken to prove this theory by providing factual information.

1. Triple Bottom Line
2. MSDG Goals
3. UN Sustainability Development Goals
4. Global Compact

Answer 1

Coles supermarket refers to Triple Bottom line theory of People, Profit and environment. As per this theory, the organisation acts responsibly towards its people making a positive impact on their lives through policies and guidelines. The company has labor policies ensuring good working condition for their welfare. The organisation in its processes does not compromises on ethical factors while sourcing as has compliance with suppliers, extending support to them for sourcing with compliance and efficiency. The company has developed processes that aims at preventing wastage, reusability and recycling of waste. The company has created profitability for its operations by adopting sustainable practices for long term. It donates food through its initiatives like Second bite than wasting . The environmental initiative of the triple bottom line is Planet or environment. The company consciously contributes to its triple bottom line by having measures created for environmental protection by introducing concepts like packaging of recyclable materials. The company strives to reduce wastage, recycle the organic waste to composts and provide instructions to its customers of packaging materials that can be recycled or reused. Coles also is conscious about energy consumption and advises its employees and customers to be environmentally conscious.