External participation

 

Wesfarmers actively collaborates with external organisations and initiatives that support transparent reporting of non-financial metrics. These partnerships help enhance and extend our own disclosures in ways that serve the public interest. We currently engage with a range of respected frameworks and bodies, including:

Wesfarmers joined the Australian Government’s Tax Transparency initiative and became a signatory to the register of entities committing to lodge a Tax Transparency Report, publishing our first report in December 2016. In December 2024, we released our annual 2024 Tax Contribution Report, which provides stakeholders with the necessary information concerning Wesfarmers' Australian tax activities for the 2024 financial year. The 2025 tax contribution report will be released in December 2025.

Wesfarmers was a member of the Carbon Disclosure Project (CDP) since 2010. However, with our current focus on direct disclosures to stakeholders, Wesfarmers has opted not to participate in the CDP and focus efforts on streamlining reporting processes and publicly disclosing climate risk related information in alignment with the Taskforce for Climate-related Financial Disclosures (TCFD). Wesfarmers believes this approach provides interested parties with consistent and timely information.

Wesfarmers divisions also individually participate in relevant external industry organisations and initiatives, including:

  • Association of Professional Social Compliance Auditors (APSCA)
  • Baptist World Aid Ethical Fashion Report
  • Better Cotton Initiative (BCI)
  • Cleaning Accountability Framework (CAF)
  • Collaborative Advantage
  • International Labour Organization (ILO)/International Finance Corporation Better Work Program
  • Forest Stewardship Council (FSC)
  • Fashion Transparency Index (FTI)
  • Responsible Labour Initiative
  • Sedex Stakeholder Initiatives
  • Sustainable Apparel Initiative
  • United Nations Global Compact Network Australia (UNGCNA) Modern Slavery Community of Practice
  • Action, Collaboration, Transformation (ACT)
  • Accord on Fire and Building Safety in Bangladesh
  • Ethical Sourcing Australia (ECA)
  • Program for the Endorsement of Forest Certification (PEFC)

GRI: 2-28