COMMUNITY

So that we can make our contribution to the community as meaningful and transparent as possible, Woolworths has become a member of the London Benchmarking Group (LBG).

LBG provides a process for measuring, benchmarking and reporting on community contributions and achievements. We use the LBG reporting model to calculate the total contribution we make to the community through cash, fundraising, time, in kind donations and management costs and convert it to a dollar value.

LBG is a group of over 100 companies worldwide, including multinationals such as HSBC, Vodafone and Unilever, as well as major UK Companies such as Marks and Spencer and BSkyB.

This is an ongoing process and will enable us to continue to assess the real value of the Company’s community partnerships and help identify new ways in which we can develop and extend our commitments.

In the 2007–08 financial year our community contributions in Australia and New Zealand were calculated to be: