What is meant by the term sustainability

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Question - "It is through the power of partnerships that we will be able to amplify our impact and deliver on our bold ambitions to become a more sustainable business. Working together to drive change has helped us achieve many of our results this year. With our customers we have removed over 3 billion single-use plastic bags from our environment. With our team members we are creating an inclusive culture that values diversity in all its forms. With our suppliers we are working together to safeguard the rights of the workers in our supply chain. With our community partners we are changing the lives of Australians and New Zealanders in need. With our shareholders we are creating sustainable long-term value. We are proud of our achievements, but we need to, and want to, do more to make things better. Better for everyone." Source: Woolworths Group Sustainability report, 2019)

Required -

a) What is meant by the term sustainability and explain its 3 aspects? Include an example illustrating your comments.

b) Based on the information from the sustainability report above, explain the Woolworths Group approach toward different aspects of sustainability and explain how they link to the 3 aspects discussed in part(a).

Reference no: EM132565483

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