Retail, energy, insurance, chemicals
Founded in WA in 1914 as a farmers' cooperative, today Wesfarmers operations include department stores; home improvement and office supplies; insurance; chemicals, energy and fertilisers; and industrial and safety products. Acquired Coles Group in 2007 for $20 billion in the biggest takeover in Australian corporate history. Coles was spun-off in November 2018. Wesfarmers kept Officeworks, Kmart and Target, which were part of Coles Group when it was acquired by Wesfarmers.
The 2019 Corporate Human Rights Benchmark assessed 200 of the largest publicly traded companies in the world from the Agricultural Products, Apparel, Extractives and ICT Manufacturing sectors on 100 human rights indicators. This company's score was in the 40-50 band range. The overall average score was a disappointing 24%.
Source: World Benchmarking Alliance (2019)
Oxfam Australia's Company Tracker compares the big clothing brands on their efforts to pay a living wage to the women working in their factories. This company has released the names and addresses of at least 70% of their supplier factories, has taken some action towards paying a living wage within a set timeframe in the supply chain, and has made a commitment to ringfence wages.
Source: Oxfam Australia (2021)
Modern slavery disclosure is a critical step in mitigating the risk associated with modern slavery practices in companies' operations and supply chains. The quality of the disclosure signals the level of commitments and efforts that the companies have put in managing these risks. In 2021 the Monash Centre for Financial Studies analysed and ranked the disclosure quality of the modern slavery statements submitted by the 300 largest listed companies on the Australian Stock Exchange (ASX300). This company's modern slavery disclosure statement received a grade of A.
Source: Monash University (2021)
This company received an S&P Global ESG Score of 62/100 in the Retailing category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 23 Sep 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
In 2023 seven subsidiaries of Wesfarmers Industrial and Safety Pty Ltd (WIS) back-paid more than $4.8 million to more than 3,400 underpaid employees nationally and signed an Enforceable Undertaking (EU) with the Fair Work Ombudsman. The company was also ordered to make a $100,000 contrition payment.
Source: Fair Work Ombudsman (2023)
This 2013 report by The Australian Council of Superannuation Investors (ACSI) investigates the labour and human rights risks in supply chain sourcing. This company is identified on page 21 as a company which sources products from countries with known systemic labour and human rights concerns.
Source: ACSI (2013)
According to the democracyforsale.net website, this company donated $638,000 to Australia's major political parties between 2012 and 2018, as disclosed to the Australian Electoral Commision (AEC).
Source: Democracy For Sale (2018)
This company received a score of 35.3/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: put a price on carbon; responsible corporate engagement in climate policy; report climate change information in mainstream reports as a fiduciary duty.
Source: We Mean Business (2021)
Between 2015 and 2018 this company paid $3 billion tax on a total income of $199 billion, earning the number 8 spot on Michael West's Top 40 Tax Payers 2020. West calculated which of Australia's largest companies have paid the most tax using three years of tax transparency data published by the Australian Tax Office.
Source: Michael West (2018)
This company has sustainability claims on its website in the areas of sourcing, community, environment and indigenous engagement.
Source: company website (2019)
This company used to operate coal mines, but sold off its last coal asset in 2018.
Source: Reuters (2022)
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Source: company website (2021)
|Revenue||67.2 billion AUD (2018)|
Office supplies retailer
Established by Coles Myer in 1994. Today they operate over 160 stores across Australia, and is part of Wesfarmers' Home Improvement and Office Supplies division.
Target Australia Pty Ltd
Part of Wesfarmers since Nov 2007. There are 289 Target and Target Country stores around Australia. No affiliation with Target Corporation (USA).
Australian Pharmaceutical Industries Ltd
API has four core business operations - pharmaceutical distribution, manufacturing, retail pharmacy brands and hospital and medical distribution. API was established as a chemists' co-operative in 1910 and listed on the ASX on 16 June 1997. The API retail pharmacy banner groups are Priceline, Soul Pattinson, and Pharmacist Advice. Almost 90 per cent of the 1579 pharmacies, health and beauty stores and beauty salons supplied by API are owned and operated by franchisees. Acquired by Wesfarmers in 2022.
- API Consumer Brands
Healthcare, pharmaceuticals & skin care
New Zealand based manufacturer of health & beauty products. Owned by Australian-based pharmaceutical company, API, owner of Priceline.
Catch Group Pty Ltd
Operates online shopping websites Catch and Scoopon, as well as Mumgo and Grocery Run. Acquired by Wesfarmers for $230 million in 2019.
Bunnings Group Ltd
Australia's largest hardware retailer. Bunnings operate 211 Bunnings Warehouse stores and 63 smaller format Bunnings stores across Australia and New Zealand.
Kmart Australia Pty Ltd
Previously part of the Coles Group, which was bought by Wesfarmers in 2007. When Wesfarmers divested Coles Supermarkets in 2018, it kept Kmart. Kmart operates 228 stores throughout Australia and New Zealand.
Coles Group Ltd (10% owned)
Coles Group was spun-off from Wesfarmers in November 2018. Wesfarmers kept Officeworks, Kmart and Target, which were part of Coles Group when it was acquired by Wesfarmers for $20 billion in 2007. The new Coles group operates over 2,500 retail outlets around Australia across three divisions: Supermarkets, Liquor and Convenience. Coles was founded in 1914, publicly listed in 1929, merged with Myer in 1986 and sold Myer in 2006.
- Coles Supermarkets Australia Pty Ltd
Supermarkets and liquor stores
Coles was spun-off from Wesfarmers in November 2018. Wesfarmers kept Officeworks, Kmart and Target, which were part of Coles Group when it was acquired by Wesfarmers for $20 billion in 2007. The new Coles Group operates over 2,500 retail outlets around Australia across three divisions: Supermarkets, Liquor and Convenience. Coles exited the hotels and poker machine business in 2019, but still operates bottle shops.
Gresham Partners Ltd (50% owned)
Investment and advisory house
Gresham focuses on four key business areas: Corporate Advisory, Private Equity, Property and Asset Finance. 50% owned by Wesfarmers. Its private equity division specialises in mid-market leveraged buy-outs in Aust and NZ. Acquisitions include Witchery Fashions.
This former division of Pacific Brands was established in 2010 after acquiring King Gee and Stubbies in 2001, and Hard Yakka, Stylecorp and NNT in 2007. Sold to Wesfarmers in August 2014. Manufacturing occurs in Australia, China, Indonesia, Bangladesh and Fiji.
|Address||Level 14, Brookfield Place, Tower 2, 123 St Georges Terrace, Perth, WA, 6000, Australia|
|Phone||08 9327 4211|
Products / BrandsOfficeworks
Officeworks Electronics Stores
Officeworks Stationery Stores
Belle Curve Womens Plus Size
Target Electronics Stores
Target Department Stores
Target Toy Stores
Target Everyday Apparel
Target Homewares Stores
API Consumer Brands
Health Basics Body Wash
Only Good Body Wash
Only Good Hand Wash/Sanitiser
Bunnings Hardware Stores
Click Heating & Cooling
Anko Everyday Apparel
Anko Small Kitchen Appliances
Anko Washing Machines & Dryers
Anko Fridges & Freezers
K hub Department Stores
Kmart Electronics Stores
Kmart Department Stores
Kmart Toy Stores
Kmart Homewares Stores
Hard Yakka Workwear
Hard Yakka Work Boots
King Gee Workwear
King Gee Underwear/Socks/Sleepwear
King Gee Underwear & Socks
King Gee Work Boots
NNT Uniforms Workwear