Final answer:
Woolworths addresses various components of CSR through its initiatives, including environmental sustainability, social responsibility, and ethical business practices.
Step-by-step explanation:
Woolworths addresses several components of corporate social responsibility (CSR) through its initiatives. One component is environmental sustainability. Woolworths has implemented several initiatives to reduce its environmental impact, such as using sustainable packaging, reducing food waste, and promoting renewable energy.
Another component is social responsibility. Woolworths is committed to supporting local communities and has various programs aimed at improving education, health, and well-being. For example, they provide support for local schools and organize fundraising campaigns for charity.
Lastly, Woolworths also focuses on ethical business practices. They have established a Supplier Code of Conduct to ensure fair treatment of suppliers and promote ethical sourcing practices.