Introduction Business sustainability

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Governance, Ethics and Sustainability
“Finnegan Constructions”
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Introduction
Business sustainability is also termed as corporate sustainability that have some
environmental, economic and social demands that requires managing and coordinating for
ethical and responsible success consistently. The previous concept of sustainability includes
triple bottom line is considered by efforts evaluation in relation to profits affected in short-
term (Isil & Hernke 2017). It is important to focus on maintaining the factors of equality in
business sustainability between local impact and sustainable progress of the company for
ensuring about the affect positively on major stakeholders. Sustainability requires
maintaining the operations transparency in the business to ensure about the policies complied
effectively (Longoni & Cagliano 2018). The global guidelines are for the company dependent
on effective practices and actions under “Global Reporting Initiative (GRI)” to ensure the
effect on customers, stakeholders and shareholders engaged by the management. These
guidelines are applicable globally when to there is a sustainability reporting and featuring
inter-relatedness structure and report by showing practices at the universal level with impacts
of environmental, economic and social locally (Yadava & Sinha 2016). The case study of
“Finnegan Constructions” is analysed with GRI Reporting Standards execution to prepare the
company’s assessment report of sustainability with showing a local impact on shareholders,
customers, stakeholders, and others.
Economic Sustainability
In business, economic sustainability is essential for the human resources and long-
term material security within the economy. Sustainability is fulfilling an individual’s needs
by measuring optimal use, recovery and recycling for their better future (Rigamonti, Sterpi &
Grosso 2016). It requires earning returns and value investments by using natural resources
concerning long-term in the economy globally. In the economy, the supporting ability is
ensured in production and addressing problem by not wasting valuable resources in relation
to climate change and other aspects (Wu & Zhi 2016). In economic sustainability, the
company makes sure about taking actions against any individual’s engagement in corrupt
activities to avoid and save from not harming the stakeholders, customers and shareholders
interest.

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“Finnegan Constructions” faced the risks and financial implications related to the
changes made in terms of climate change by the local authorities. “Stanwell Council”
implemented the “Local Environmental Plan (LEP)” for handling the challenges executed by
the local authority based on climate change to ensure about the safety protection of company
from bushfire. At the construction sites, there are chances for the company to use fire-
retardant materials as per the new guidelines where “Finnegan Constructions” was prone to
bushfire. This area was required to get developed where management took the step of
addressing the concern after making changes within six weeks along with working among
local authority. Being a planned company, it is essential to get sure about the outside area
processing for working more efficiently with costs reduction acquiring fee payment of fifty
thousand among four million dollars while hire in the company. The recommendation made
for the company is to change the location that complies with the guidelines of LEP along with
using materials that are fire-retardant.
Based on the investigation taken place currently, showed the involvement of two
external consultants and five employees in the corrupt activities after the bribery in council
project offers. The local authorities proved that they were charged for made corruptions and
other than that, steps were taken to avoid such kind of activities in relation to employees’
future. After this, the company disallowed for paying employees after the suspension and the
company’s management started moving towards the decision of not working with the
consultants that were find guilty. The recommendation made to the company is based on
strict prohibition of corrupt actions taken by the senior level management linked to
employees and start formulating the environment of anti-corruption within the company.
After the investigation by “ACCC (Australian Competition and Consumer
Commission)”, there were loads of complaints against the company claiming that the
company’s executives started working because of learning about the builders group planning