GRI Standards for Sustainability Reporting in Timberwell Construction

This paper provides a set of GRI standards about the Sustainability Reporting Standards for Timberwell Construction, including economic, environmental, and social sustainability. It discusses the financial implications of climate change, incidents of corruption, legal actions for anti-competitive behavior, energy consumption, impacts on biodiversity, non-compliance with environmental laws, employee turnover, incidents of discrimination, and engagement with the local community.

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GOVERNANCE ETHICS AND SUSTAINABILITY
by [Student’s Name]
Professor’s Name
Course Title
State/City
Date

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Introduction
This paper provide a set of GRI standards about the Sustainability Reporting
Standards for Timberwell Construction. In this sense, the paper has been structured in
compliance to the Global Sustainability Board. Importantly, the aim of this article is to give
the basis for application that use GRI standards to report about the social, economic as well
as environmental impacts (Dienes, Sassen, & Fischer, 2016). The GRI standards forms a
foundation for Timberwell Construction together with its shareholders in which the social,
economic and environmental impacts toward the corporation can be interconnected.
(A) Economic Sustainability
Disclosure 201-2: Financial implications and other risks and opportunities to
climate change
As a result of Timberwell Construction operations working in amenability with the
prospects and risks owing to climate change which have the probability to cause gigantic
transformations on its functionalities, expenses as well as returns. In connection to that,
Timberwell Construction has provided an explanation about the risks and opportunities by
categorising them into different categories as regulatory and physical. Regard the changes led
by climate change and global warming effects such as the heightened cases of bushfires, the
Stanwell board has developed a plan connected to revising the local environmental plan to
see to it that it can rezone particular regions within Stanwell districts particularly those that
are prone to bush fires (Ehnert, Parsa, Roper, Wagner, & Muller-Camen, 2016).
During compiling of information based on the Disclosure 201-2 Timberwell
Construction has a progression site within Stanwell districts, which is situated in a region that
is supposed to be rezoned because of being prone to bush fires. This report is in accordance to
the local environmental plan amendment. However, these novel regulations are likely to cost

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Timberwell Construction approximately $4 million in the process of complying to the LEP
amendments (Ioannou and Serafeim, 2017). In addition to that, there are other opportunities
and risks, which ought to be measured with the existence of modern technology as well as
services that will aid in considering challenges connected to climate changes together with
transformation in the behaviours of their consumers.
Disclosure 205-3: Confined incidents of corruption and action taken
Timberwell Construction is among the organizations, which provide reports to the
GRI standards regarding the nature and number of corruption incidences (Hahn, & Kühnen,
2013). In this sense, Timberwell has taken the campaigns in relation to public relations with
the aim to address negative publicity. In order to sustain its brand name Timberwell
Construction it has released several media release with the intend to show that the business is
a cooperate citizen.
The public legal cases on matters related to corruption has taken into consideration
public investigation, and prosecutions. In this connection Timberwell Construction has
confirmed some incidences of corruption among its employees. On top of that, the company
has gone a step further to dismiss its employees who have been found to involve themselves
in corruptions incidents. Similarly, on realising that some of its business partners were also
involve in corruption incidents that involved its employees it has confirmed to terminate its
relationship with these partners. Reports by the news contemplate that the civic legal cases
about exploitation cases facing Timberwell Construction and some of its workforce to have
led to the cases facing it (Dissanayake, Tilt, & Xydias-Lobo, 2016).
Disclosure 206-1: Legal actions for anti-competitive behaviour, anti-trust and monopoly
practices:

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Timberwell Construction has the responsibility to report all accomplished and
pending legal action cases during the reporting period that are related to anti-competitive
behaviour as well as any violations related to anti-trust and monopoly laws that the business
has been found to be a victim. In relation to anti-trust and anti-competitive behaviour, there
are several complaints that have been taken to different legislative authorities in relation to
Timberwell Construction operations. In this sense, this disclosure provide a relationship to
the legal arrangements that are launched through the domestic or multinational legislation
which are mainly established with the aim to control anti-competitive actions, dominant
practices and anti-trust activities. According to Stacchezzini Melloni, and Lai (2016) anti-
competitive actions and dominant practices should help to regulate the choice of pricing,
consumers among other factors that is vital in any efficient market.
According to the legal action it has been found that Timberwell Construction involved
in this behaviour with the target to prevent new entrants in establishing market in the interior
of Stanwell neighbourhood to reduce antagonism in the marketplace. The case has been
shortlisted for hearing in the Federal law court in a period of four months as a compliance to
the lawful actions of the anti-competitive conduct disclosure 206-1. It is true beyond doubt
that once legislative decisions reached out the current situation facing Timberwell it is likely
to pose significant risks that may interfere with its market activities in addition to disciplinary
measures.
(B) Environmental sustainability
Disclosure 302-1: Energy consumptions within the organization
The objectives of this disclosure is to address issues related to the consumption of energy
within organisations that reports to total energy used by different organisations from non-
renewable energy sources. Reports by the media release have shown that Timberwell

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Construction Company has initiated its developments to see that it become an organisation
that is energy efficient and it expects to reach 50% in the next four years. Nonetheless, in the
media release, Timberwell Construction claim to spent a significant amount of money in
supporting local community and supporting the creation of social growth activities for the
proposed domestic developments.
Non-renewable energy sources includes fuel used for ignition of furnaces, vehicles,
cisterns and turbines among others machinery that are controlled by corporations. These non-
renewable sources are some of the sources utilized by Timberwell Construction. In the recent
release by media it was sated that Timberwell Construction Company had started a program
that that will intensify the consumption of renewable sources of energy by approximately
50% of all its fuel usage over the next three years (Böhling, Murguía, and Godfrid, 2019).
Certainly, this is a great achievement to side of Timberwell Company that shows its strive to
abide by the disclosure 302-1 conservation, which is demonstrated through its ability to
disclose its data.
Disclosure 304-1: Significant impacts of the activities, products and service biodiversity
According the agreement by the reporting requirements stipulated by disclosure 304-1
operational sites managed and possessed business organisations should protect the
surrounding areas to secure high biodiversity value. In this regard, Timberwell Construction
watch the practices that are undertaken in areas of high biodiversity and protected areas that
are external from the protected regions to ensure that it is possible for corporation to
minimize the risk effect. Indeed, this helps to make sure that the organisation is in a better
position to monitor the effects of their operations on biodiversity. In light of this statement, it
means that Timberwell Construction has put in place a solid foundation as a strategy to
regulate both direct and indirect effects to the biodiversity. In this essence, the disclosure

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provides a structure as well as qualitative information which allows Timberwell Construction
Company to equate its operation size nature and scale of the effects over a certain period.
Disclosure 307-1: Non-compliance with the environmental laws and regulations
Timberwell Construction company is has been found to report a lot of fines and has
also been faced by non-monetary consents as a result of not complying with the
conservational laws. During the time of compiling facts stated in the Disclosure 307-1, it is a
requirement that the reporting company should include both judicial as well as administrative
consents for failing to observe the environmental regulations (Ruokonen and Temmes, 2019).
Indeed, this entails convention agreements, global declarations as well as national regional,
subnational, and local treaties. On undertaking an investigation by the environmental law
departments, Timberwell Construction Company was found guilty of its operations not
adhering to the ecological laws and regulations. As a result of the non-compliance,
Timberwell was penalized a fine of $200,000 for being liable of clearing 0.45 hectares.
Consequently, the clearing of the 0.45 hectares is act that has critically placed the coastal
grassland community into great ecological danger.
(C) Social sustainability
Disclosure 401-1: New employee hires and employee turnover
During the time of assembling data and facts listed in the disclosure 401-1, it is a
requirement for that the reporting organization entirely use all its employees at the time of
reporting to allow the organisation to calculate the rates of new workforce recruited and
employee turnover (Dimopoulos and Wagner, 2016). Therefore, during Timberwell
Construction compiling of information outlined in the disclosure 401-1, instead of using the
required data it has been using disclosure 102-2 in GRI 102 to recognize the total number of

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workers. Similarly, Timberwell has employed 58 workers from the region with dissimilar
construction businesses that have related professions. Indeed, the native market for these type
of employees is exceedingly competitive. Consequently, during recording Timberwell
Construction had only employed twelve new trainees. The reason for employing beginners is
the highly competitive job market, which had resulted in the company losing seventeen to
other competitive organisations or to start their businesses. In order to remain competitive in
the market, Timberwell Construction has raised its payment rates in accordance to the
specification of the disclosure 401-1 of its employees. On top of that, Timberwell has
introduced a roster day off each month as a strategy to ensure that it retain its existing
workers. Jones and Felps (2013) Claim that high rates of turnover amongst employees is an
indication of high levels of uncertainty as well as lack of satisfaction amongst workers. In this
sense, employee turnover is a reflection of a basic change in the organisation of the critical
practices in the business (Jenter and Kanaan, 2015).
Disclosure 406-1: Incidents of discrimination and corrective actions taken
Since Timberwell is aamong the reporting corporations it is supposed to report the
total number of occurrences of discernment that happens while delivering the report. The
organisation should show the ability of concern to these incidents by taking actions in
connection to these incidents. The action can be done through training its employees the
dangers of discrimination and ways on how to handle cases of discrimination. However,
although Timberwell is supposed to discourage incidences of discrimination in its operations,
the company is still facing these incidences (Chen, Hung, and Wang, 2018). A good example
is that displayed by one employee Dessin McCabe. McCabe experiences discrimination
whereby he is harassed while on work on the basis of age. As a result, McCabe filled a place
of work provocation claim to the Fair Work Commission where he stated that he was
differentiated on the basis of his age. Moreover, McCabe noted that he was the target of

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embarrassment because he was the only worker with the age of 50 years, thus other workers
could make jokes regarding his age. His claim was sustained by the Fair Work Commission
and was given a reimbursement of $4,400. In relation to this case, Timberwell has remediated
plans, which have been developed by reviewing its internal operations to help avoid a repeat
of discrimination cases. Indeed, the best way to avoid discrimination among employees is to
enforce rules that guide all employees conduct to operate in a socially responsible manner
(Denis, 2016).
Disclosure 413-1: Operations with local community engagement, impact assessment and
development programs
This disclosure is tasked with the duty to report the percentage of operations that
involve the local community, the effect of the assessment and development programs. These
practices include social evaluation together with environmental impact evaluation and social
impact. The media release has described Temberwell Construction as an organisation that has
been on the frontline to support environmental impact evaluation (Lock and Seele, 2016). In
the process, Timberwell has been able to establish a improvement site at Otford Park which is
occupied by wallum sedge frog (Wruck, and Wu, 2009). Similarly the media reports
estimates that the average density suburban development has suggested the development of
the site to irrevocably transform the occupancy which is likely to render the existence of the
frog in the region. Therefore, the aim of Timberwell Construction is to consider developing
this site as a primary aspect in controlling the effects of individuals to the local communities
by evaluating and planning to understand the real-time probable effects to the local
communities in relation to their needs.
Conclusion

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The GRI standard is a sustainability report that is found on Timberwell Construction
with the aim to conserve and provide equitable as well as realistic representation of the
business. The report highlights both constructive and distractive contributions of Timberwell
in relation to the objective to foster sustainable development. This suitability report
information is made available to allow shareholders and investors to give their decision
toward the organisation (Acharya et al., 2012, p. 369). Also, GRI reporting helps Timberwell
to make informed decisions that contributes towards sustainable development.

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