Refer to case study promoting group discussion on Triple Bottom Line (i.e. social, environmental and economic) and Sustainable Development Goals (SDGs) approaches toward sustainability.
Case Study Synopsis: Westpac Creating a Sustainable Business
Financial Review (2018). Westpac Case Study: Creating a sustainable business.
http://www.afrbiz.com.au/media/k2/attachments/Westpac_Case_Study_Ed_3.pdf
Introduction
Oraganisational motive of last century (i.e. ‘Greed is good’) changed in the current century (‘Green is good’).
The need for socially responsible business
Sustainability – innovative philosophy and a good business practice.
Sustainability and employees
Creating long-term shareholder value and attracting skilled human resources.
Sustainability and customers
Satisfied customers contributing to business success.
Sustainability and the environment
Addressing environmental concerns.
Sustainability and the community
Socially responsible – positive contribution to the community.
Conclusion
Sustainability and corporate social responsibility are emphasising socio-environmental aspects in parallel to economic endeavour of organisations.
Resources for Sustainable Practices – Case Organisation (i.e. Westpac Bank)
Westpac Sustainability Performance Report 2019
https://www.westpac.com.au/content/dam/public/wbc/documents/pdf
Westpac Benefits to the Community
https://www.westpac.com.au/docs/pdf/aw/SIR05_Social.pdf
Westpac Impact Report 2019 https://www.westpac.com.au/content/dam/public/wbc/documents/pdf
Video: Westpac Sustainability Overview
Click link https://www.youtube.com/watch?v=NzxNec7DeBE
Video: Westpac Sustainability
Click link https://www.youtube.com/watch?v=sMziFiRw4Cc