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Woolworths' award winning sustainability strategy
Woolworths' Good business journey programme was launched in April 2007 as a formalisation of the existing Woolworths sustainability initiatives.
The 'Good business journey' is a five year plan, changing the way we do business, and incorporating a series of challenging targets and commitments, centred on four key priorities: accelerating transformation, driving social development, enhancing our environmental focus and addressing climate change.
The programme is strongly influenced by our customers and" international best practice, as well as by the Global Reporting Initiative (GRI) guidelines, JSE Socially responsible investment index criteria and other legislative requirements.
The programme is managed centrally from the corporate governance business unit, but specific indicators have been included in the overall business strategy and scorecard, and the scorecards of each business unit, placing the accountability for delivery of particular projects in the business units. Progress is overseen by a Board Sustainability Committee that meets quarterly.
Woolworths' first priority is to accelerate transformation, with the focus on enhancing local sourcing, BEE, skills development and equity ownership plans, ensuring a collaborative approach with...