Sustainability Assessment Report for Timberwell Constructions

Civil Engineering: Unit Mba402
First Name Last Name
Institution

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
2.1 Economic 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
2.1.1 Financial 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.
2.1.2 Established 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.
2.1.3 Legal proceedings for hostile to anti-competitive conduct, against trust,
and imposing business model practices