• Noakes soap opera

    How many millions more will be sunk into a seemingly pointless vendetta, asks Mandi Smallhorne.

  • Downgrade scenarios

    An analyst takes a look at how credit downgrades have affected countries around the world.

  • Supply chain benefits

    It may be unsexy but developing your supply chain brings big gains, says Ian Mann.

All data is delayed
See More

Woolworths joins sustainability index

Sep 17 2012 15:12
I-Net Bridge

Company Data


Last traded 70
Change 0
% Change 0
Cumulative volume 1904758
Market cap 0

Last Updated: 22/05/2017 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Minister lauds Woolworths

Woolworths: We do employ whites

BMF rallies others to follow Woolworths

Questions over Woolworths whistleblower

Union: Woolworths plans retrenchments

Most Woolworths workers staying

Johannesburg – Upmarket retailer Woolworths is among five South African companies’ to be included in the Dow Jones Sustainability Index (DJSI) this year.

Other local companies in the index are Goldfields‚ Investec‚ Nedbank and Sasol.

Woolworths is the only South African retailer to be listed on the DJSI.

Launched in 1999‚ the Dow Jones Sustainability Indexes are a family of indexes evaluating the performance of the world's leaders in sustainability. They are the longest-running global sustainability benchmarks worldwide and they provide asset managers with reliable and objective benchmarks to manage sustainability portfolios.

The DJSI is managed cooperatively by Dow Jones Indexes and SAM (Sustainable Asset Management).

Justin Smith‚ Head of Sustainability at Woolworths Holdings [JSE:WHL] said the group had saved over R135m through sustainable initiatives between 2008 and 2012.

“We’ve learnt a lot since the start of our Good Business Journey in 2007. We can now show that sustainability makes business sense by saving‚ for example‚ energy‚ water and fuel‚” Smith said.

The company’s “Good Business Journey” focuses on six key areas: sustainable farming‚ water‚ energy‚ waste‚ social development and transformation.

In its integrated annual report released last week‚ the retailer said it had made good progress in addressing the sustainability impacts of its own operations.

“We are now focusing on the life cycle of our products to ensure that we centre our attention on the impacts of food production on farms and the use of textiles products by customers – the areas that have the biggest energy and water impacts in our value chain‚” Woolworths said.

Retailers are implementing sustainable business practices that benefit both their bottom line and sate the appetite of consumers who are becoming more aware of the impact they have on the environment.

“Our Good Business Journey continues to ensure the business and its suppliers focus on ensuring we play our part in the key social and environmental issues facing the country. In doing this‚ we also enhance our brand and benefit from operational efficiencies and cost savings‚” CEO Ian Moir said.

Customers are also increasingly demanding that companies act and behave responsibly.

“Customers are demanding more information about where products come from and expect products to have ethical and environmental attributes‚ generally without an increase in cost‚” Mr Moir said.

Pick n Pay was the first retailer in SA to commit to sell only sustainably sourced seafood by 2015.

The company also has a number of other sustainability initiatives in place‚ including enterprise development and reducing the ecological footprint of the packaging of Pick n Pay’s corporate brands.

“Consumer interest in green and ethical products remains strong. While the demand for green and ethical products increases‚ consumers continue to expect price parity in the product offerings. Our attention is therefore focused on meeting these dual requirements‚” the company said in its annual report in May.

*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.
woolworths  |  sustainability



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Almost all working South Africans fear losing their jobs

Previous results · Suggest a vote