Retail in Asia

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Wesfarmers sets priority on carbon cuts as sales grow

Wesfarmers says reducing carbon emissions and its environmental footprint are among its top priorities as it continues to report positive momentum for its Coles, Kmart and Officeworks businesses.

Managing director Richard Goyder said the supermarket giant was preparing for the introduction of a carbon price on target with a "proactive mitigation strategy". This plan included cutting energy consumption 11 percent despite a 20 percent increase in sales, and efforts to trim energy costs by the 2015 financial year.

In a strategy day briefing released on Wednesday, Goyder labelled its Coles supermarket chain as a "bold turnaround" story. The division has boosted food and liquor sales from AUD21 billion (USD20.51b) to an estimated AUD26.5b this year.