DOCSLIB.ORG

5 October 2018 the Manager Company Announcements Office

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
5 October 2018 the Manager Company Announcements Office 5 October 2018 The Manager Company Announcements Office Australian Securities Exchange Dear Manager, COLES DEMERGER SCHEME BOOKLET Further to the announcement made earlier today, please see attached the following documents regarding the proposed demerger of Coles, which will be mailed to shareholders on or before Friday, 12 October 2018: • Chairman’s letter to Shareholders; • Scheme Booklet; • Proxy Form – General Meeting; and • Proxy Form – Scheme Meeting. Yours faithfully, LJ KENYON COMPANY SECRETARY Dear Shareholder, DEMERGER OF COLES On behalf of the Wesfarmers Board, I am pleased to invite you to support the demerger of our Coles division by voting at a General Meeting and Scheme Meeting of Wesfarmers Limited to approve the proposed transaction. The demerger is described in the accompanying Scheme Booklet and I encourage you to read it thoroughly, along with the other important documents in this pack. The proposed demerger is about significantly repositioning the Group’s portfolio to set up Wesfarmers and Coles for success over the next decade. Coles will become a standalone publicly listed company on the ASX. Wesfarmers will retain a minority interest of 15 per cent in Coles upon demerger, with the remaining 85 per cent of Coles shares distributed to Wesfarmers shareholders in proportion to their existing holdings in Wesfarmers. As an eligible Wesfarmers shareholder, you will be entitled to receive one Coles share for every Wesfarmers share you hold on the Record Date, being 4:00pm (Perth time) on Thursday 22 November 2018. You will also retain your existing Wesfarmers shares. Your Board believes the demerger is in the best interests of Wesfarmers shareholders and it will, of course, only proceed with shareholders’ approval. Your vote is important and we recommend unanimously that you support this demerger which will see Coles trading as an independent listed entity by the end of November this year. What do you need to do? This pack contains four important documents which require your immediate attention. 1. Scheme Booklet; 2. Proxy Form – General Meeting; 3. Proxy Form – Scheme Meeting; and 4. Sale Facility Form – Coles Demerger Sale Facility (if applicable). The resolutions required to effect the demerger must be approved by the requisite number of Wesfarmers shareholders at a General Meeting and Scheme Meeting. These meetings will be held consecutively at the Perth Convention and Exhibition Centre, Mounts Bay Road, Perth, Western Australia on Thursday 15 November 2018 following the Wesfarmers Annual General Meeting (AGM). The documents in this pack will enable you to make an informed decision on the demerger and explain how to vote on the demerger resolutions. If you are unable to attend the meetings but wish to vote on the resolutions, the Proxy Forms enable you to appoint a proxy to vote on your behalf at the meetings. For your Proxy Forms to be effective, they must be received by 4:00pm (Perth time) on Tuesday 13 November 2018. If the demerger is approved and you would be entitled to receive 160 or fewer Coles shares under the demerger, you will also receive a Sale Facility Form in this pack and will have the option to use it to sell those Coles shares free of brokerage and stamp duty. If you want to take up this option, the Sale Facility Form must be received by 2:00pm (Perth time) on Tuesday 20 November 2018. Further detailed information on all these matters is included in the Scheme Booklet which I again encourage you to read fully. If you will be attending the meetings in person, please bring this letter with you as it will assist in the registration process. 239582_02406G Wesfarmers Limited Level 14, Brookfield Place Tower 2 www.wesfarmers.com.au ABN 28 008 984 049 123 St Georges Terrace Perth WA 6000 Whom should you contact if you have any questions? If you have any questions in relation to these materials or the demerger, please contact your financial, legal, taxation or other relevant professional advisers. You can also contact the Wesfarmers Shareholder Information Line on 1300 558 062 (within Australia) or +61 3 9415 4631 (international) on weekdays between 8:30am and 8:00pm (Melbourne time) or visit www.wesfarmers.com.au. Other important information The General Meeting and Scheme Meeting will be held on the same day following the AGM, which will commence at 10:30am (Perth time) on Thursday 15 November 2018. You will receive separate information about the AGM and you should assess that separately from these demerger materials. On behalf of the Wesfarmers Board, I again encourage you to vote in favour of this important proposal to establish Coles as a standalone listed company with strong investment attributes, while repositioning Wesfarmers’ capital weighting towards businesses with prospects for higher growth. Thank you for your continued support. Yours sincerely, Michael Chaney AO Chairman 5 October 2018 239582_02406G DEMERGER OF COLES SCHEME BOOKLET VOTE IN FAVOUR Each Wesfarmers Director This is an important document and requires your immediate attention. recommends that You should read this document in its entirety prior to deciding whether Wesfarmers Shareholders or not to vote in favour of the resolutions to approve the Demerger. If you are in any doubt as to what you should do, you should seek independent vote in favour of the resolutions legal, financial, taxation or other professional advice before voting on to approve the Demerger of Coles. the Demerger. The Independent Expert has Financial Advisors Legal Advisor concluded that the Demerger is in the best interests of Wesfarmers Shareholders. IMPORTANT INFORMATION GENERAL • Greenwoods & Herbert Smith Freehills Pty any affidavit that the Wesfarmers Shareholder Ltd has reviewed and agrees with Section 5 proposes to rely on. This Scheme Booklet is important. relating to the description given of the income Wesfarmers Shareholders should carefully tax and goods and services tax implications NOTICE OF GENERAL MEETING read this Scheme Booklet in its entirety before of the Demerger for Wesfarmers Shareholders making a decision as to how to vote on the The Notice of General Meeting is set out in who, amongst other things, are residents of Demerger Resolutions to be considered at the Section 12. Australia for Australian tax purposes. General Meeting and the Scheme Meeting. • Herbert Smith Freehills has reviewed NOTICE OF SCHEME MEETING INVESTMENT DECISIONS and agrees with Section 5 relating to The Notice of Scheme Meeting is set out in the description given of the stamp This Scheme Booklet does not take into Section 13. duty implications of the Demerger for account the individual investment objectives, Wesfarmers Shareholders who, amongst financial situation or needs of any particular STATUS OF THIS SCHEME BOOKLET other things, are residents of Australia for Wesfarmers Shareholder or any other person. The Australian tax purposes. This Scheme Booklet is not a prospectus lodged information in this Scheme Booklet should not be under chapter 6D of the Corporations Act. Section relied upon as the sole basis for any investment ROLE OF ASIC 708(17) of the Corporations Act provides that decision. Wesfarmers Shareholders should seek chapter 6D of the Corporations Act does not independent legal, financial, taxation and other A copy of this Scheme Booklet has been lodged have effect in relation to any offer of securities if professional advice before making any with ASIC in accordance with section 256C(5) it is made under a compromise or arrangement investment decision. of the Corporations Act and registered by ASIC under part 5.1 of the Corporations Act, approved under section 412(6) of the Corporations Act. at a meeting held as a result of an order made PURPOSE OF THIS SCHEME BOOKLET ASIC has been requested to provide a statement by the court under section 411(1) or (1A) of the in accordance with section 411(17)(b) of the This Scheme Booklet sets out the effects of Corporations Act. Corporations Act, that ASIC has no objection to the Demerger, certain information required the Scheme. If ASIC provides that statement, it by law and all other information known to the FOREIGN JURISDICTIONS AND SHAREHOLDERS will be produced to the Court at the time of Wesfarmers Directors which is material to the the Second Court Hearing. Wesfarmers Shareholders who are Ineligible decision of Wesfarmers Shareholders to vote in Overseas Shareholders will not receive Coles favour of, or against, the Demerger Resolutions Neither ASIC nor any of its officers takes any Shares under the Demerger. Coles Shares to effect the Capital Reduction and the Scheme responsibility for the contents of this Scheme that would otherwise be transferred to these (other than information previously disclosed to Booklet. shareholders under the Demerger will be Wesfarmers Shareholders) and includes: transferred to the Sale Agent to be sold, with the • a statement of all the information ROLE OF ASX proceeds of such sale to be paid to Ineligible known to Wesfarmers that is material to Coles will apply for admission to the Official List Overseas Shareholders. Refer to Section 4.8.2 for Wesfarmers Shareholders in deciding how and for official quotation of Coles Shares on the further information. to vote on the Capital Reduction Resolution, ASX. Wesfarmers Shareholders resident outside as required by section 256C(4) of the Australia for tax purposes should seek specific tax Corporations Act; and Neither the ASX nor any of its officers takes any responsibility for the contents of this Scheme advice in relation to the Australian and overseas • the explanatory statement, as required by Booklet. The fact that the ASX may admit Coles tax implications of the Demerger. section 412 of the Corporations Act, in to the Official List does not make any statement relation to the Scheme. This Scheme Booklet does not in any way regarding, and should not be taken in any way constitute an offer of securities in any place in The Demerger is conditional on (amongst other as an indication of, the merits of an investment which, or to any person to whom, it would be things) both the Demerger Resolutions being in Coles.
Load more

Recommended publications
  • Annual Report and Financial Statements 2018 Sainsbury’S Group Helping Customers Live Well for Less Has Been at the Heart of What We Do Since 1869
    Live Well For Less Annual Report and Financial Statements 2018 Sainsbury’s Group Helping customers live well for less has been at the heart of what we do since 1869. We employ over 185,000 colleagues who work hard every day to make our customers’ lives easier and to provide them with great products, quality and service whenever and wherever it is convenient to access them. Food Our strategic focus is to help 608 our customers live well for less. Sainsbury’s supermarkets We offer customers quality and convenience as well as great value. Our distinctive ranges and innovative 102 partnerships differentiate stores offering Same Day our offer. More customers delivery to 40 per cent are shopping with us than of the UK population ever before and our share of customer transactions has increased. See more on page 12 General Merchandise 191 and Clothing Argos stores in Sainsbury’s We are one of the largest general supermarkets merchandise and clothing retailers in the UK, offering a wide range of products across our Argos, Sainsbury’s Home and 16 Habitat brands, in stores and Habitat stores and online. We are a market leader in Click & Collect available toys, electricals and technology in over 2,300 locations and Tu clothing offers high street style at supermarket prices. See more on page 14 Financial Services Financial Services are an 3.9m integral part of our business. Active customers Sainsbury’s Bank offers at Sainsbury’s Bank and accessible products such as Argos Financial Services credit cards, insurance, travel money and personal loans that reward loyalty.
    [Show full text]
  • 2017 First Quarter Retail Sales Results 362 KB
    2017 First Quarter Retail Sales Results 26 October 2016 First Quarter Sales ($m) 2017 2016 Variance % Food & Liquor1,2 7,850 7,631 2.9 Convenience1,3 1,549 1,795 (13.7) Total Coles 9,399 9,426 (0.3) Bunnings Australia & New Zealand 2,659 2,476 7.4 Bunnings UK & Ireland 554 n.a. n.a. Home Improvement4,5 3,213 2,476 29.8 Kmart1 1,249 1,123 11.2 Target6 643 776 (17.1) Department Stores 1,892 1,899 (0.4) Officeworks4 461 429 7.5 Refer to Appendix Three for footnotes. Wesfarmers Limited today announced its retail sales results for the first quarter of the 2017 financial year. Managing Director Richard Goyder said that the sales performance of the Group’s retail businesses, with the exception of Target, built on the strong sales growth achieved in the prior corresponding period. “Coles’ headline food and liquor sales increased by 2.9 per cent for the quarter, building on the strong growth achieved in the previous corresponding period,” Mr Goyder said. “Coles continues to invest in value, service and quality, supported by ongoing efficiency improvements across the business. “Bunnings Australia and New Zealand achieved total sales growth of 7.4 per cent during the quarter, extending its very strong performance despite an impact from the stock liquidation activities of the Masters business. In the United Kingdom and Ireland, good progress continues to be made to reshape the business, with sales of £320 million ($554 million) for the quarter, in line with expectations. “Kmart recorded strong sales growth of 11.2 per cent, with a continued focus on lowest prices and the customer experience delivering growth across all categories.
    [Show full text]
  • 2015 Full-Year Results Supplementary Information 1984 KB
    2015 Full-Year Results Supplementary Information Thursday, 20 August 2015 (to be read in conjunction with 2015 the Full-Year Results Briefing Presentation) Presentation outline Item Page Coles 3 Home Improvement & Office Supplies 7 Kmart 13 Target 17 Chemicals, Energy & Fertilisers 22 Resources 29 Industrial & Safety 40 Balance Sheet & Cash Flow 43 2015 Full-Year Results | 2 Coles John Durkan Managing Director Coles network As at 30 June 2015 Selling Area Supermarkets (sqm) 1,749,840 6 7 11 Liquor (sqm) – ex 209,490 hotels 159 228 77 91 112 5 73 125 776 Supermarkets 56 35 7 46 858 Liquor stores 244 271 1 90 Hotels 211 181 662 Convenience 204 205 16 15 Coles 2015 Full-Year Results | 4 Store network movements Open at 30 Open at 30 Opened Closed Re-branded June 2014 June 2015 Supermarkets Coles 745 25 (10) 11 771 Bi-Lo 17 - (1) (11) 5 Total Supermarkets 762 25 (11) - 776 Liquor 1st Choice 98 5 (3) - 100 Vintage Cellars 77 5 (3) - 79 Liquorland 656 46 (23) - 679 Hotels 90 1 (1) - 90 Total Liquor 921 57 (30) - 948 Convenience 642 22 (2) - 662 Coles 2015 Full-Year Results | 5 Revenue reconciliation 2015 2014 Food & Food & Year end 30 June ($m) Convenience Total Convenience Total Liquor Liquor Segment revenue 30,784 7,417 38,201 29,220 8,171 37,391 (Gregorian)1 Less: Other revenue (279) (13) (292) (252) (12) (264) Headline sales 30,505 7,404 37,909 28,968 8,159 37,127 (Gregorian) Plus: Gregorian (75) (18) (93) (72) (22) (94) adjustment2 Headline sales revenue 30,430 7,386 37,816 28,896 8,137 37,033 (Retail)3 1 Segment revenue for Food & Liquor includes property revenue for 2015 of $29 million & for 2014 of $26 million.
    [Show full text]
  • Kaufland Australia Proposed Store Mornington, Melbourne Economic Impact Assessment
    Kaufland Australia Proposed store Mornington, Melbourne Economic Impact Assessment November 2018 Prepared by: Anthony Dimasi, Managing Director – Dimasi & Co [email protected] Prepared for Kaufland Australia Table of contents Executive summary 1 Introduction 5 Section 1: The supermarket sector – Australia and Victoria 6 Section 2: Kaufland Australia – store format and offer 13 Section 3: Economic Impact Assessment 20 3.1 Site location and context 21 3.2 Trade area analysis 23 3.3 Competition analysis 27 3.4 Estimated sales potential 28 3.5 Economic impacts 30 3.6 Net community benefit assessment 43 Executive summary The Supermarkets & Grocery Stores category is by far the most important retail category in Australia. Total sales recorded by Supermarkets & Grocery Stores as measured by the Australian Bureau of Statistics have increased from $64.5 billion at 2007 to $103.7 billion at 2017, recording average annual growth of 4.9% per annum – despite the impacts of the global financial crisis (GFC). Over this past decade the category has also increased its share of total Australian retail sales from 31.3% to 33.7%. For Victoria, similar trends are evident. Supermarkets and grocery stores’ sales have increased over the past decade at a similar rate to the national average – 4.5% versus 4.9%. The share of total retail sales directed to supermarkets and grocery stores by Victorians has also increased over this period, from 31.6% at 2007 to 32.8% at 2017. Given the importance of the Supermarkets & Grocery Stores category to both the Victorian retail sector and Victorian consumers, the entry of Kaufland into the supermarket sector brings with it enormous potential for significant consumer benefits, as well as broader economic benefits.
    [Show full text]
  • Annual Information Form for the Financial Year
    ANNUAL INFORMATION FORM FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2014 March 20, 2015 i TABLE OF CONTENTS EXPLANATORY NOTES ............................................................................................................................................ 1 Forward-Looking Statements .................................................................................................................................... 1 Trademarks ................................................................................................................................................................ 2 CORPORATE STRUCTURE ....................................................................................................................................... 2 Name, Address and Incorporation ............................................................................................................................. 2 Intercorporate Relationship ....................................................................................................................................... 2 GENERAL DEVELOPMENT OF THE BUSINESS .................................................................................................... 3 History ....................................................................................................................................................................... 3 THE BUSINESS ..........................................................................................................................................................
    [Show full text]
  • Habitat Ltd, Furniture and Household Goods Manufacturer and Retailer: Records, Ca
    V&A Archive of Art and Design Habitat Ltd, furniture and household goods manufacturer and retailer: records, ca. 1960 – 2000 1 Table of Contents Introduction and summary description ................................................................ Page 4 Context .......................................................................................................... Page 4 Scope and content ....................................................................................... Page 4 Provenance ................................................................................................... Page 5 Access ......................................................................................................... Page 5 Related material .......................................................................................... Page 5 Detailed catalogue ................................................................................ Page 6 Corporate records .............................................................................................. Page 6 Offer for sale by tender, 1981 ................................................................................................ Page 6 Annual Reports and Accounts, 1965-1986 ............................................................................. Page 6 Marketing and public relations records ............................................................. Page 7 Advertising records, 1966-1996 ............................................................................................
    [Show full text]
  • Supermarket Refrigeration Going Natural
    cover story >>> SEAN McGOWAN REPORTS Supermarket refrigeration going natural In 2005, Coles Supermarkets opened its first ‘environmental concept’ supermarket featuring a cascade carbon dioxide refrigeration system. Two years on the technology has undergone significant improvement to better serve the local market, while internationally it promises to receive widespread adoption by the world’s retail heavyweights, as Sean McGowan reports. Supermarket refrigeration accounts for a significant 1% of Australia’s total electricity consumption, and this figure is reported to be higher in Europe and the United States. Therefore, its not surprising to find supermarket chains worldwide clamoring to adopt new technology which promises to cut their energy costs, while at the same time, address their corporate responsibilities to the environment and the communities who shop with them. The knight in shining armour looks set to be carbon dioxide (CO2) refrigeration systems, which are often used in a cascade design with fluorocarbon refrigerants such as R507 or R134a. A cascade system using ammonia is also on the agenda according to one of Australia’s leading supermarket refrigeration specialists, Frigrite Refrigeration. “We have traveled the world investigating system design and have developed solutions that best suit the Australian market. We installed the first CO2 systems in Australia, with another four systems installed in new supermarkets since,” says Andrew Reid, national account manager for Frigrite. “Due to economic constraints, the cascade CO2 systems installed in Australia best suit the energy and environmental expectations, however, further development is underway in finding improvements to the current concepts, which may involve a fundamental system design change and alternate refrigerants to those currently being used.” Reid says supermarket chains have acknowledged the importance of meeting environmental and community expectations as the general awareness of these two aspects increases.
    [Show full text]
  • Dear Stephen Please Find Attached Our Responses to the Questions On
    From: Josh Cullinan Sent: Thursday, 31 August 2017 3:41 PM To: Palethorpe, Stephen (SEN) Cc: Rusjakovski, Natasha (SEN) Subject: Questions on Notice - RAFFWU Dear Stephen Please find attached our responses to the Questions on Notice to the union. Firstly, the correspondence sent by SDAEA to a member regarding not ceasing payroll deductions. Secondly, the roster analysis for members working at Coles and Woolworths who appeared on Friday. We note McDonald’s analysis was included in our original submission. In addition, we have prepared a simple analysis of the current paid rates at a number of employers for the “typical roster” described by SDAEA in its submission of August 2005 in relation to AWAs. Finally, we identified an error in our wage table for Coles Liquor group as there had been a further wage increase under the Agreement. The amended wage tables are also attached. Kind regards Josh Cullinan Secretary Retail and Fast Food Workers Union www.raffwu.org.au Advice SDA to Resignees From: SDA Victoria Admin <[email protected]> Sent: Wednesday, 21 June 2017 2:05 PM To: Liam Mansbridge Subject: RE: Membership Cancellation Hi Liam, Thank you for your email. Your cancellation request will be duly processed. If you is still working, please instruct your payroll department to stop the fee deductions from your wages as we have no authority to do so. Kind regards Paul Stephenson Administration Officer Shop, Distributive & Allied Employees' Association – Victorian Branch Level 3, 65 Southbank Boulevard, Southbank VIC 3006 P: (03) 9698 1400 E: [email protected] W: www.sdavic.org From: Liam Mansbridge [mailto:[email protected]] Sent: Wednesday, 21 June 2017 1:01 PM To: SDA Victoria Subject: Membership Cancellation Hello, I would like to cancel my SDA membership.
    [Show full text]
  • Coles Operations Graduate Program Streams
    Distribution Centres Our Coles Distribution Centres play an important role moving quality products through our supply chain, to provide extraordinary shopping experiences for our customers. We work hard to make life easier, safer and more sustainable across our network, as well as maintain the availability and quality of our products for our customers. Working with our logistics partners, we are reducing our environmental footprint through more efficient fleet movements. We are also ensuring customers are provided with quality, safe products by conducting selected quality checks when produce arrives at our fresh produce distribution centres, with additional checks for chilled products. What's in it for you? The Distribution Centre offers you the opportunity to learn new skills in various departments, broadening your understanding of how our business works on a larger scale. Most importantly, your skills of communication, leadership, responsibility, resilience, flexibility and teamwork will be heightened from being part of our diverse team, setting you up for a successful career in supply chain. Coles Supermarkets Coles Supermarkets is a national full-service supermarket retailer operating more than 800 stores across Australia. Our purpose is to sustainably feed all Australians to help them live healthier, happier lives. We’re an essential part of communities right across the country, with our family of 120,000 team members helping 21 million customers every week. With such a big responsibility, we rely on our brilliant team to operate with pace and passion and drive a people first culture, focussed on delighting our customers. Coles Supermarkets has an Australian-first sourcing policy to provide our customers with quality Australian-grown fresh produce.
    [Show full text]
  • Wesfarmers 2012 Sustainability Report
    17 October 2012 The Manager Company Announcements Office Australian Securities Exchange Dear Sir, Wesfarmers 2012 Sustainability Report Please find attached the Wesfarmers 2012 Sustainability Report. The report is also available on the company’s website at www.wesfarmers.com.au. Yours faithfully, L J KENYON COMPANY SECRETARY Enc. For personal use only Wesfarmers Wesfarmers Sustainability Report 2012 Sustainability Report 2012 For personal use only Contents About Wesfarmers Managing Director’s welcome 2 The durability of our company is reflected in our history. With origins in 1914 as a Western Australian Message from the Chairman 3 farmers’ cooperative, Wesfarmers has grown into one of Australia’s largest listed companies. Our Sustainability at Wesfarmers 4 diverse business operations now include supermarkets; department stores; home improvement and Scorecard 6 office supplies; coal mining; insurance; chemicals, energy and fertilisers; and industrial and safety Engaging our stakeholders 10 products. We are one of Australia’s largest employers and have a shareholder base of approximately Reconciliation Action Plan 17 500,000 direct shareholders. Looking after our environment 18 Sustainability is an important part of our history and is a critical element in our future success. Driving our performance 26 Coles 28 Home Improvement and Office Supplies 34 Securities exchange listing Target 42 Wesfarmers Limited is a company limited by shares that is incorporated and domiciled in Australia. Kmart 46 Australian Securities Exchange (ASX) listing
    [Show full text]
  • COMPANY INTRODUCTION Coles Group Ltd (CGL) Is Australia's
    COMPANY INTRODUCTION Coles Group Ltd (CGL) is Australia’s dominant retailing company with an estimated market share of more than 20 percent of all retail sales in Australia. Its major businesses include Australia’s largest department store chain, largest grocery-supermarket chain, and the largest discount chains. In addition, it is a major player in food and liquor retailing, office supplies and apparel. The Product Portfolio of Coles Group include – (Source: Goggle Images viewed on 6th January 2007) - 1 - Food and Liquor: The Food division includes full-line Coles Supermarkets, Bi-Lo discount Supermarkets which are increasingly being merged into Coles supermarkets. The Liquor division includes First Choice Liquor Superstores, Liquorland, Vintage Cellars and Liquorland Hotel Group. Liquorland also operates an online liquor shopping service, Liquorland Direct. (Source: www.coles.com.au) Kmart: Kmart offers an extensive range of products such as apparel, toys, sporting goods, bedding, kitchenware, outdoor furniture, barbecues, music, video, car care, electrical appliances and Kmart Tyre & Auto Service business. Kmart operates 185 stores and 275 Kmart Tyre & Auto Service sites across Australia and New Zealand. (Source: www.coles.com.au) Target: Target has an extensive range of apparel and accessories, home wares, bed linen and décor, cosmetics, fragrances, health and beauty products and a full range of toys, games and entertainment. Target has 259 stores located across Australia. (Source: www.coles.com.au) Officeworks: Officeworks caters specifically for the needs of small to medium businesses, home offices and students, with over 7,000 office products all under one roof, located in 95 stores across Australia. (Source: www.coles.com.au) Coles Express: CML has a network of 599 Coles Express locations across Australia in an alliance with Shell.
    [Show full text]
  • 2018 Sustainability Report Su
    WESFARMERS SUSTAINABILITY REPORT 2018 CONTENTS Our Report 3 Sustainability at Wesfarmers 4 Our material issues 5 Managing Director’s welcome Our Principles Our Businesses People Bunnings 6 Safety 41 Bunnings 8 People development 11 Diversity Coles 45 Coles Sourcing 15 Suppliers Department Stores 18 Ethical sourcing and human rights 54 Kmart 58 Target Community 26 Community contributions Officeworks 29 Product safety 63 Officeworks Environment Industrials 31 Climate change resilience 67 Chemicals, Energy & Fertilisers 34 Waste and water use 70 Industrial and Safety 73 Resources Governance 37 Robust governance 74 Other businesses This is an edited extract of our 2018 Sustainability Report. Our full sustainability report contains numerous case studies and data available for download. It is prepared in accordance with the Global Reporting Initiatives Standards and assured by Ernst & Young. It is available at sustainability.wesfarmers.com.au Sustainability Report 2018 2 Our Report SUSTAINABILITY AT WESFARMERS At Wesfarmers we believe long-term value creation is only possible WESFARMERS CONSIDERS SUSTAINABILITY if we play a positive role in the communities we serve. Sustainability is about understanding and managing the ways we impact our AS AN OPPORTUNITY TO DRIVE STRONG AND community and the environment, to ensure we continue to create LONG-TERM SHAREHOLDER RETURNS value in the future. Wesfarmers is committed to minimising our footprint and to This Sustainability Report presents Wesfarmers Limited delivering solutions that help our customers and the community (ABN 28 008 984 049) and its wholly owned subsidiary companies’* do the same. We are committed to making a contribution to the sustainability performance for the year ended 30 June 2018, how we communities in which we operate through strong partnerships performed, the value we created and our plans for the future.
    [Show full text]