Coles has enhanced its governance and sustainability practices in the fiscal year ending June 2026, focusing on risk management, diversity, and inclusion. The company updated its Board Charter to align with the Australian Sustainability Reporting Standard S2 (AASB S2) and continued to drive an uplift in risk management maturity.
Material actions and disclosures
Coles maintained its commitment to gender equity, with a focus on sustaining 40/40/20 representation on the Board and in senior executive positions. The company also maintained pay parity, reducing the gender pay gap to less than 1%.
The company’s risk management framework includes the identification, measurement, and mitigation of risks across the Group in accordance with the risk appetite set by the Board. The Audit and Risk Committee oversees the effectiveness of the Group’s risk management framework and internal control processes.
Forward commitments
Coles aims to further embed risk management within its operations and to continue developing risk management capability across subsidiary businesses. The company also plans to review and update its Diversity and Inclusion Strategy to strengthen its focus on inclusion and build a culture where team members feel respected and valued.
Coles’ governance framework promotes effective decision-making, accountability, and oversight, supporting the company’s business operations and helping to deliver on its purpose and strategy.
These actions and commitments reflect Coles’ dedication to high standards of corporate governance and sustainability.