Sustainability Assessment Report for Timberwell Constructions
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This report assesses sustainability at Timberwell Constructions company with close reference to the Consolidated Set of GRI Sustainability Reporting Standards 2016 on areas of economic sustainability, environmental sustainability, and social sustainability.
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2 A sustainability assessment report for Timberwell Constructions. 1.Introduction GRI Sustainability Reporting Standards (GRI Standards) since its formation in the late 1990s have been the chief global pioneer on sustainability reporting to businesses governments as well as organizations. The impact of business on critical sustainability continues to be well understood and communicated through the GRI standards. This has earned the GRI reporting framework an astounding reputation as the most widely used and trusted sustainability reporting globally. The notable distinctive elements of this framework include but not limited to: multi- stakeholder input, shared development costs, a record of use and endorsement, government references and activities, and most importantly, independence. Timberwell Constructions, a residential development company based at Stanwell council district seems to experience serious competition with issues of fair work commission, anticompetitive conduct, corruption, disregard to environment and energy regulations from its rivals(Thangavel, 2016). At least 17 of his employees have shifted to competitive organization and multiple complaints lodged against Timberwell constructions. To restore and correct its reputation in the market, the company continues to intensify its public relations campaigns. This report specifically assesses sustainability at Timberwell Constructions company with close reference to the Consolidated Set of GRI Sustainability Reporting Standards 2016 on areas of economic sustainability, environmental sustainability, and social sustainability. Sustainability centers around gathering the necessities of the present without trading off the capacity of future ages to address their issues("Environmental Sustainability and Environmental Values", 2019). The idea of sustainability is made out of three columns economic, environmental, and social—additionally referred to casually as benefits, planet, and people (Demosthenous, et al., 2011). 2.Sustainability assessment areas 2.1Economic sustainability. This includes Monetary implications and other risks besides prospects due to climate change ("Pillar: Economic Sustainability", 2017), established episodes of corruption and actions engaged, and Lawful arrangements for anti-competitive conduct, anti-trust, and monopoly practices(Esmaeel & Sukati, 2015). These aspects upon considerations should basis a fair understanding of the Timberwell Constructions company economic sustainability performance.
3 2.1.1Financial consequences and further risks and prospects owing to climate change Competition from rival firms have made it difficult to retain staff especially when financial incentives and renumerations appear more appealing in rival organizations or private business enterprises(Decker, 2017). Individual complaints registered against the company appear to soak the company in expenses through legal settlement and compensations. For instance, unsatisfactory and discrimination policy saw $4,400 in compensation being awarded to former employee as directed by the fair work commission. Moreover, terminations of existing contracts with its suppliers and consultants as well as suspension of five key employees of Timberwell constructions found culpable in corruption appears to worsen financial drain as such instances only account as liabilities and risks to the company. In regards to opportunities to climate change, Timberwell indicates its vigorous exercise and spending in realizing impact assessments, local community participation and establishments of societal development plans for all projected built-up developments(Idowu & Schmidpeter, 2015). In liaison with the Stanwell council, Timberwell continues to register compliance the council’s planned modifications to its Local Environmental Plan (LEP). This includes proposals to rezone certain areas considered as bushfire prone in answer to warming resulting from climate change effects and amplified instances of bush fires(Leemans & Solecki, 2013). This proposed modification could charge the company at least $4 million as one of its development sites occurs within the rezoned area. The company also cleared 0.45 ha of censoriously threatened ecological municipal coastal grasslands attracting costs of not less than $440,000 in rehabilitation costs. 2.1.2Established occasions of corruption and actions engaged To ensure success of the company development applications, 2 of its corporate associates and five of its employees offered kickbacks to council’s development officers during the council’s endorsement procedure hence interfering with the council’s independence and free determinations. The corruption commissions charged individually all the 5 staffs and an external consultant with corruption. Timberwell company suspended the five workers with no pay then concluded its corporation with the 2 associate consultants charged with bribery. 2.1.3Legal proceedings for hostile to anti-competitive conduct, against trust, and imposing business model practices
4 The Australian Competition and Consumer Commission (ACCC) founded procedures in the Central Court of law against the company for anticompetitive conduct including abuse of market influence and selective transactions. The ACCC claimed that Timberwell ended up aware that an assembly of region constructors was proposing to build up a competing development association. In light of this aggressive risk, the ACCC stated senior Timberwell officers instructed dealers and contractual workforces that in the event that they were included with the new development association they would have their association with Timberwell substantially moderated or fully deferred. The ACCC stated that the company had with this lead to stop or averting another contestant in the development showcase within the district locale, or generously weakening challenge in the market. Like environmental sustainability, economic sustainability consists of making monetary incentive out of whatever undertaking or choice you are endeavored. Economic sustainability infers that adoptions are made in the most impartial and economically stable way conceivable while thinking about dissimilar parts of sustainability. As a principle, activities and adoptions must be provided in view of the long-haul profits (as an alternative of merely the momentary rewards). 3.Environmental sustainability 3.1Energy consumption Among the key parameters of sustainable development include efficiency in energy use with minimal pollution or emissions to the environment(Moody-Stuart, 2014). This includes intensification on environmentally friendly and renewable energy sources(Nulman & Özkula, 2016). The Australian Department of Industry and science prescribes energy utilitiesperiodically to check on energy efficiency and utility. Based on such prescriptions, the company energy utility board is as shown in figure-1. Figure-1. Timberwell energy consumption table. 3.2Significant impacts on biodiversity
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5 Environment Impact Assessment at the Timberwell’s Otford Park development reveals that site is habitation to the endangered wallum sedge frog. This renders development on the site ecologically unsuitable as it endangers the habitat hence has negative implications on the wallum sedge frog species. This clearly is a threat to the local site biodiversity. Warming effects of climate change and augmented risks of bush fires in the district compounds to the growing indicative features of impacts of uncontrolled development and non-compliance to land zoning systems to cushion or safeguard against such risks. Timberwell construction company is noted to have occupied a considerable area within the rezoned area as bush fire prone as per the latest Local Environmental Plan. These activities arguable poses growing concerns on environment biodiversity and sustainability(Rockwood, Stewart, & Dietz, 2016). 3.3Environmental laws and guidelines non-compliance The company’s cooperation with the Local Environment Plan remain to be termed successful as the company is reported to be acting in acquiescence with district council’s amendments on environment. Once specific areas in the Stanwell district within the Timberwell constructions’ development areas are marked as prone to bushfire, the company is required to comply to complex standards, and guidelines of bushfire protection in the rezoned parts. Such standards shall consist of greater reserves between structures and land borders in addition to the usage of fire-retardant construction material. This amendment is expected to be on course in the next 6 weeks. In a genuinely sustainable environment, a biological structure would look after populaces, biodiversity, and commonly speaking practicality over an all-encompassing timeframe. Preferably, adoptions that are made should advance balance within our characteristic outlines and look to provision constructive development. Pointless disconcerting effects to nature should be kept away from at whatever point possible. In the event that there is an aggravation, it ought to be relieved to the most extreme feasible step. At the point when adoptions are finished, one piece of the talk must consistently be the natural impacts of the planned outcome or result. There are a few things that are legitimately identified with ecological maintainability. One of the ideas that is absolutely critical is the correct administration of our regular assets. Utilizing the Z- squared way to deal with sustainability, we can limit our effects to nature. Now and again we can
6 even advance living space reclamation and safeguarding as intends to arrange a fruitful answer for an issue. 4.Social sustainability Social sustainability is a practice for creating practical effective locales that development success, by being thoughtful of what persons need from the environment they inhabit. Social sustainability joins structure of the corporeal sphere with plan of the communal ecosphere – basis to help communal and community life, societal courtesies, outlines for native commitment, and space for individuals and places to develop(Ohmer, 2019). The following aspects of social sustainability at Timberwell Construction company are explored. 4.1New employee hires and employee turnover The company has a staff of fifty-eight males from the district having specific professions and trades in the field of construction. Locally, the market has grown competitive hence issues of employee turnover and hires are notably on the rise. Specifically, at Timberwell the employee turnover appears voluntary with no cases of involuntary employee turnover being reported. 17 employees for the reporting period have since left the organization for competing firm or to their own trades. This has prompted the company to hire twelve new trainees for the same passé. As of the tie of this writing, five of Timberwell employees are serving suspension with no pay upon being found guilty for corruption by the State Corruption Commission. Two reasons of employee turnover are: Voluntary turnover is when a member of staff quits. This can be for the reason of finding a greater spot at a different organization, a disagreement with a chief or a personal motive, or better pay elsewhere(Rogers, Gardner, & Carlson, 2013). Involuntary turnover is the point at which a staff is laid off or terminated, by and large because of lessening staff due to a business downturn or change in business center or in light of a worker making some move that is cause for termination, for example, burglary (Yoo & Lee, 2016). 4.2Occurrences of discrimination and corrective actions taken Dennis McCabe is reported to have tendered his resignation siting workplace harassment among other non-employee discrimination complaints. Dennis argues his discrimination was age-based given that of all the employees, he was the only one older than fifty years of age. Majority of the
7 staff are between thirty to fifty years of age. The Fair Work Commission upheld the employee claim and recommended the following corrective actions taken; -employee compensation fee for discrimination by the company to costs of four thousand four hundred dollars; Timberwell construction to apprise its ant-discrimination policy, and provision of anti-discrimination exercise to the entire staff(Stewart, 2011). 4.3Actions with local municipal engagement, impact valuations, and development plans. The Australian Competition and Consumer Commission found Timberwell constructions company culpable for anti-competitive conduct through exclusive and abuse of its marketing power hence deterring fair competition in the greater Stanwell district. However, it should be noted that the local community participation appears considerably inclusive for most of the company’s proposed development programs. The company has initiates and continue to carry out resident assemblies, and local municipal development plans founded on the local group’s needs such as reasonably priced social housing. Environmental impact assessments by the environmental groups identified one of the company’s development site was a habitat to the endangered wallum sedge frog. The standard housing development has been planned for this location. The company in liaison with the Stanwell council and a team of environmentalists is working to come up with a strategy for handling the planned development of the location and the preservation of the wallum sedge frog. Independently, the company carries out a number of Impact assessment in all id development programs. Summary and recommendations In accordance with this sustainability assessment, Timberwell Constructions company operations and development programs sustainability fall into level of Good. Its social sustainability however fall into level of Fair. In the aspect of economic sustainability, the company should check on the issue of anti-competitive behavior and corruption and reconsider its principles in safeguarding the organization against such cases. The organization performance on environmental sustainability is admirable and can be improved further. On social sustainability, the company should consider better manageable alternatives to control unfavorable employee turnover as well as uphold its policies against any instances of environmentalist of employees among themselves or by the organization(Tisdell, 2019).
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8 References Decker, C., 2017. Concepts Of The Consumer In Competition, Regulatory, And Consumer Protection Polices.Journal of Competition Law & Economics, 13 (1), 151–184. Demosthenous, M., Psaros, J., Henderson, S., Peirson, G., Herbohn, K., Harris, K., Goldwasser, V., and Gaffikin, M.J.R., 2011.Governance, sustainability and ethics. Frenchs Forest, N.S.W.: Pearson Australia. Environmental Sustainability and Environmental Values, 2019.Human Rights and Environmental Sustainability. Esmaeel, R.I. and Sukati, I., 2015. Economic Sustainability as an Element of Fit Manufacturing in Realizing Economic Competitiveness and the Mediating Roles of Sustainability: A Review.Journal of Management and Sustainability, 5 (1). Idowu, S.O. and Schmidpeter, R., 2015.Dictionary of corporate social responsibility: CSR, sustainability, ethics and governance. Cham: Springer. Leemans, R. and Solecki, W., 2013. Redefining environmental sustainability. Current Opinion in Environmental Sustainability, 5 (3-4), 272–277. Moody-Stuart, M., 2014.Responsible leadership: lessons from the front line of sustainability and ethics. Sheffield, UK: Greenleaf Publishing.
9 Nulman, E. and Özkula, S.M., 2016. Environmental nongovernmental organizations’ digital media practices toward environmental sustainability and implications for informational governance.Current Opinion in Environmental Sustainability, 18, 10–16. Ohmer, M.L., 2019. Preparing social workers to advance social sustainability. Social Work and Sustainability in Asia, 211–224. Pillar: Economic Sustainability, 2017.Fundamentals of Sustainability in Civil Engineering, 9–24. Rockwood, L.L., Stewart, R.E., and Dietz, T., 2016.Foundations of environmental sustainability: the coevolution of science and policy. Oxford: Oxford University Press. Rogers, S., Gardner, K., and Carlson, C., 2013. Social Capital and Walkability as Social Aspects of Sustainability.Sustainability, 5 (8), 3473–3483. Stewart, A., 2011. Fair Work Australia and the Legacy of the Commission. Journal of Industrial Relations, 53 (5), 551–555. Thangavel, P., 2016.Environmental sustainability. Periyar University, Salem, Tamil Nadu, India, Private. Tisdell, C., 2019. Economics, Corporate Sustainability and Social Responsibility.Handbook of Corporate Sustainability. Yoo, C. and Lee, S., 2016. Neighborhood Built Environments Affecting Social Capital and Social Sustainability in Seoul, Korea.Sustainability, 8 (12), 1346.