Economic Sustainability Assessment

Sustainability Assessment

Table of Contents
INTRODUCTION...........................................................................................................................1
BACKGROUND.............................................................................................................................1
GRI Standards .................................................................................................................................1
Economic Sustainability.........................................................................................................1
Environmental Sustainability ................................................................................................3
Social sustainability................................................................................................................4
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Sustainability assessment is a tangled appraisal methods. This type of assessment is
conducted for supporting decision making as well as policy in a wider environmental, economic
and social context (Pintér, L and et.al., 2018). The report of suitability assessment is prepared by
company in order to understand, evaluate as well as communicate there environment, economic,
social performance and set there goals and manage them in more effective manner. The key
ingredients of sustainability assessment are the methods to quantify uncertainty. There is an
approach which is names as sustainable impact assessment that explore the combined economic,
social and environmental impact of a range of proposed, programmes, policies, strategies and
plans of action. In this present report, Timberwell Construction Company is being chosen for
assessment. This present report will discuss all the GRI standards.
BACKGROUND
Timberwell Constructions is a company of residential development that builds complexes
apartments in the Stanwell Council district. Company has 58 staff of males from the area with
different construction that re related with trades and profession.
GRI Standards
Economic Sustainability.
Economic Sustainability is the ability of an economy in order to support a defined level
of economic production indefinitely. The decision are taken in the most equitable as well as
fiscal sound way possible while considering the other aspects of sustainability.
Disclosure 201-2 Financial implications and other risk and opportunities due to
climate change- according to this standard, it is mandatory that organisation should make the
report on risk and opportunities that is posed by change in climate which have potential to
obtained substantive change in revenues, operations and expenditure. It is fact that climate
changes risk and opportunities to company's, there investors and their stakeholders. Availability
of new technologies, products and services are included in other opportunities and risk in order
to address the challenges that are directly related to climate change and changes in the behaviour
of consumers (Johnston, 2018). There are various methods that Timberwell company has not
using this standard as they are giving fake report to government which is turn increases the risk
of brushfires. Timberwell is making amendment in there policies in order to control carbon
capture and storage, fuel switching, using carbon offsets and taking certificates of renewable

energy (Choudhury, 2016). But in order to deal with the negative publicity they had release
media and explained that company is closely working with Stan-well Council to comply with the
council's proposed amendments to its local environmental plan (LEP) as it is able to meet the
higher standard of safety in bushfire and they using materials which are fire retardants.
Management Approach- Management should lowering down the wastage as well as they
should provide training to employees how to use optimum usage of resources and avoid wastage.
Disclosure 205-3 Confirmed incidents of corruption and actions taken- According to
this act, it is mandatory for companies to report total number and nature of confirmed incidents
of corruption, total number if confirmed incidents in which employees were terminated for
corruption and many other's requirement according to this standard (McCormac, 2016). In the
standard of GRI, practices that are included in corruption are bribery, fraud, facilitation
payments, fees, rewards and any other rewards that are inducing someone to do wrong, dishonest
things. It has very bad impact on economy, society, organisation and society. Timberwell
company is following this standard as they suspended those five employees without pay as well
as they terminated there partnership (Saenz and Brown, 2018). Dennis had filed a case to the
state commission of corruption that resulting in a public corruption scandal involving five
workers of company and two business partners. They offer bribe to the officer of council project
in order to push the application of company development. In the sustainability report, company
reported that they have taken serious action on the corruption.
Management Approach- Management should close monitor of employees transaction in the
company as well as they should provide training ti employees of healthy working style.
Disclosure 206-1 Legal actions for anti-competitive behaviour, anti-trust, and
monopoly practices- According to this standard it is mandatory for organisations to report total
number of legals actions pending or accomplished during the reporting period related to anti-
competitive-behaviour as well as violations of anti-trust and monopoly laws that company has
been determined. Timberwell company is not following this standard as Dennis had lodged a
compliant to numerous authorities of government in the organisation context for alleged anti-
competitive conduct which includes abuse of power of market and exclusive dealings (Holdings,
2016). In GRI standard it has very bad impact on society, economy as well as on the reputation
of company itself. But company had release the media and explained that company is a very

good corporate citizen organisation. In that media they said that they are following all the legal
laws and they are abided of all the legal actions pending on them.
Management Approach- Management should provide training to employees and make them
familiar with the laws and regulation or ethics of working within organisation.
Environmental Sustainability
Environment sustainability is the procedure of maintaining change in balanced fashions
as well as exploitation of resources. It is the level of renewable resources harvest, pollution
creation as well as depletion of non-renewable resources which can't able to be continued
indefinitely than it is not sustainable.
Disclosure 302-1 Energy consumption within the organisation- According to this
standard it mandatory for companies to report the consumption of energy within organisation
(Hsu, and et,al., 2017). It has direct influenced living and non-living natural system that included
land, water, air and ecosystem. There are several forms where company consumer energy like
fuel, heating, electricity, steam or cooling. Timberwell company is not following this standard as
Dennis had filed the case to the department of the environment and energy. It was seen that
$200000 for clearing 0.45 hectares of coastal grasslands. It has very bad impact on the
environment and society (Naidoo and Gasparatos, 2018). In order to deal with this negative
publicity, Timberwell construction company has explained in the medial release the organisation
is an energy efficient company. In that program company has explained that they raise there
consumption of fuel from renewal sources to at least 50% of total consumption of fuel in coming
three years.
Management Approach- Management should provide training to employees and make them
familiar importance of energy consumption and they should also use resource which are
renewable.
Disclosure 304-2 Significant impacts of activities, products, and services on
biodiversity- According to this standard it is mandatory that all the organisations to disclose
constructions and use of plans, transport infrastructure, mine for manufacturing, Pollution,
reduction of species. It is very important to follow this standard in order to mitigate the
significant impact on biodiversity directly or indirectly. Timberwell company is not following
this standard as it had significant impact they cleaning coastal grassland that resulting decreases
in the number of flora and fauna (Ringham and Miles, 2018). They are building complexes and

flats by cleaning tress which has very serious impact on biodiversity. But in order to deal with
the negative publicity they had release media and explained in the sustainability report that
company is closely working with Stan-well Council to comply with the council's proposed
amendments to its local environmental plan (LEP) as it is able to meet the higher standard of
safety in bushfire and they using materials which are fire retardants.
Management Approach- Management should provide training to employees and make them
familiar with the importance of having healthy biodiversity in the economy.
Disclosure 307-1 Non-compliance with environmental laws and regulations-
According to this standard, it is mandatory for company that all organisation have to disclose
total fines and penalties, non-monetary sanctions for non-compliance with environmental
legislations and laws. Issues related with environment includes emission, waste, use of energy,
effluents and biodiversity (Tsegaw and et.al., 2016). Timberwell does not follow the standard as
Dennis (employees of Timberwell) made a separate complain to department of Environment and
Energy that they are cutting tress for building complexes and apartments. In this standard of
GRI, it also compulsory for organisation to disclose brief statements is enough if they have not
determined any non-compliance with legislations and laws of environment. In the sustainability
report, company reported that they are highly concerned about the environmental laws and
regulation as they release in first media that how they are performing well for species as well as
for entire biodiversity. They stated that there site area is 60% populated with the rare wallum
sedge frog (species of Australia, which are at the stage of extinction).
Management Approach- Management should provide training to employees and make them
familiar with environmental laws and regulations.
Social sustainability
Social sustainability is the process of managing as well as identifying the impact of
business in both positive and negative way. As compare to environmental and economic
sustainability, social sustainability are given less attention.
Disclosure 401-1 New employee hires and employee turnover- According to this
standard, it is circumpolar for each and every organisation to disclose total number of employees
employed during the period of reporting by gender, region and age group (Guo and Willner,
2017). On the other hand, it is also compulsory for companies to report total number of
employees as well as labour turnover rate during the period of reporting by gender, region and

age group. Companies who are following this standard shows that company have ability to
attract qualified as well as diverse manpowers. High rate of employees turnover shows that
company is having high level of dissatisfaction and uncertainty among employees. It is very
important that in organisation there should be an employment relationship between employees
and company that confers rights as well as obligations to both the parties, according to this 401
standard (Jia, Wang and Xiong, 2017). In this case study of Timberwell construction company,
there was high rate of labour turnover about 17 employees have left mostly to work for rival
companies or to start their own businesses. This shows that employees of company are not
satisfied with the operations of company. On the other hand, It was also identified that
Timberwell construction company has only male workers which shows that company is not
following this standard. Addition to this, Denis (employees of Timberwell) gave resigned from
his job because he was nit treated equal only due to his age. But after The Fair Commission
order, Timberwell update its anti-discrimination policy and start providing training to all
employees. Company also paid compensation to Dennis of $4400.
Management approach- Management should provide training to employees as well as
human resource regarding recruitment so that company can minimize its labour turnover rate and
employees avoid discriminating any other employees.
Disclosure 406-1 Incidents of discrimination and corrective actions taken- According
to this standard, it is mandatory for each and every organisation to report the total number of
discrimination as well as status of all the incidents and actions. In this standard disclosure an
incident means complain or legal action registered with the reporting company through a formal
process. Discrimination is very bad thing that include harassment, unwelcome actions and course
of commitment is also defined. Discrimination can occur on the basis of colour, age, sex,
religion, social origin and many others. It has very bad impact on society, value and belief of
individuals and on the reputation of company (Tigere, 2016). Timberwell company does not use
this standard as Dennis had filed complain on workplace harassment to the Commission of Fair
Work (McNew, 2017). On the basis on his age, he was discriminated by his co-workers. The
reason for his discrimination is that he was the only person who older than 50 years. Co-workers
planked jokes on Dennis which in end force him to give resign from his job. He was treated as
unequal person only because of his age group. But after The Fair Commission order, Timberwell
update its anti-discrimination policy and start providing training to all employees. Company also

paid compensation to Dennis of $4400. But after The Fair Commission order, Timberwell update
its anti-discrimination policy and start providing training to all employees on anti-discrimination.
Company also paid compensation to Dennis of $4400.
Management Approach- Management should provide training to employees and make them
familiar with the laws of discrimination and company should take strict actions on any activity
conducted by any employee.
Disclosure 413-1 Operations with local community engagement, impact assessments,
and development programs- According to this standard, it is compulsory for each and every
organisation to disclose or to report, percentage of operations with implemented engagement of
local community, assessment of impact and programmes development. Programmes include
gender, environmental, social assessment impact and developing programs for the development
of local community which should be based on the expectation and demands of society and many
other programmes (Chye, Padam and Ng, 2017). In order to understand the needs as well as
expectations of community, it is very important to understand the actual potential impact and
allows there strong engagement so that organisation understand the vulnerability of local
communities. Company should involve stakeholders in early planning as well as during
operations that will assist organisation in establishing a line communication between company.
Timberwell Construction company earn so much negative publicity because of some issues, thus
in order to deal with negative publicity, they have issues a series of media release intended to
present that organisation is a good corporate citizen by realising three programs. In the first
campaign company has release a program of environmental assessment and it presents that 60%
of the site area is populated by rare wallum sedge frog (Ringham and Miles, 2018). In the second
program Timberwell release a media and explained that company is highly energy efficient
company as well as they also explained that Timberwell has implemented a program to increase
the consumption of fuel from non-renewable resources. In third media, Timberwell company
explained in the media that they are going to considerable expenses to engage the local
communities, perform impact assessments, developments. These programmes leads to positive
impact on company's reputation.
Management Approach- Management should develop programs and make the participation of
community.

CONCLUSION
The above report concluded that Sustainability assessment is a tangled appraisal methods.
This report also explain the sustainability assessment sheet is conducted for supporting decision
making as well as policy in a wider environmental, economic and social context. This assessment
also understood the various disclosures of GRI standard and the action taken by company
according to the disclosure. This report also illustrated the approaches that management fo
company should have taken to minimize the unhealthier activities within organisation.

REFERENCES
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Tsegaw, E., 2016. The Legal Status of State-Owned Share Companies in Ethiopia. Beijing L.
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