Governance, Ethics and Sustainability

This report explores the sustainability initiatives and approaches implemented by Timberwell Construction, focusing on the GRI framework. It covers economic, environmental, and social sustainability, addressing specific disclosure requirements. The report also discusses the organization's compliance with GRI standards and its efforts to mitigate risks and opportunities related to climate change, corruption, anti-competitive behavior, and biodiversity. Additionally, it highlights the organization's hiring practices, actions against discrimination, and community engagement programs.

Running head: GOVERNANCE, ETHICS AND SUSTAINABILITY
Governance, Ethics and Sustainability
Name of the Student
Name of the University
Author Note

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Table of Content
Introduction................................................................................................................................3
Standards of GRI........................................................................................................................3
Disclosure 201-2: Financial implications and other risks and opportunities due to climate
change....................................................................................................................................4
Disclosure 205-3: Confirmed incidents of corruption and actions taken...............................5
Disclosure 206-1 Legal actions for anti-competitive behaviour, anti-trust, and monopoly
practices..................................................................................................................................6
Disclosure of Environmental Standards: Disclosure 300...........................................................7
Disclosure 302-1: Energy consumption within the organization...........................................7
Disclosure 304-2: Significant impacts of activities, products, and services on biodiversity. 8
Disclosure of Social Sustainability: Disclosure 400..................................................................9
Disclosure 401-1: New employee hires and employee turnover...........................................9
Disclosure 406-1: Incidents of discrimination and corrective actions taken.........................9
Disclosure 413-1: Operations with local community engagement, impact assessments and
development programs.........................................................................................................10
References................................................................................................................................11

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Introduction
This report about the sustainability developed formulated by the organization
Timberwell Construction and this is more of a guide to the approaches as well as initiative
that are performed and implemented to make the organization more sustainable in its outlook.
The analysis performed in the following involves the whole GRI framework to explore and
suggest the sustainability report. In addition, when performing the analysis, the report of
sustainability is supposed to comply with the suggestions about the disclosure. In addition,
the report includes the elements of economic, environmental and social sustainability and it
follows the specific disclosure occurred in 200, 300 and 400 and it could address the topic
based standards mentioned in the GRI framework. The report could be divide into three
different sections which could elaborate the issues and discus the sustainability approaches
carried out by the organizations mentioned in the case study. This report is more of an
evaluation of both positive and negative effect of organization and resolve the issues about
GRI framework.
As per the given scenario about the organization Timberwell Construction, there is a
necessity about proving the sustainability report about the internal and external stakeholders
of Timber Wall, that firm is committed to the cause of sustainability in all terms. The analysis
in the report has been developed following some particular standards that are laid down by
Global Reporting Initiatives. Moreover, the section addresses principle mentioned in the GRI
framework which consists of Economic, Environmental and Social Sustainability
(Globalreporting.org 2018)
Standards of GRI
The report complies with all sort of reporting requirement given in the disclosure of 201-2,
205-3 and 206-1

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Disclosure 201-2: Financial implications and other risks and opportunities due to
climate change
It has been identified that GRI disclosure 201-2 needs statements about the risk and
opportunities developed by climate change that have potential to create substantive changes
in operations, revenue and the expenses which might include
i). Detail about the description of threats and opportunity and its classification with respect to
the physical or regulations. It has been identified that because of there have been risks of
bush fire in the region where Timberwall Construction has an emerging site. Despite the
several other risks, physical risks are high due to changeds in the climate (Živković, Takić
and Živković 2013).
ii). This include the probable effect related to the risk or opportunities. Consequently, the
firm meet higher safety standards to avoid all sort of losses and hazards because of the
bushfire. It can be mentioned that organization could face an enormous loss due to the region
of the proposed site with some specific areas (Kombat 2013)
iii). Economic implications of the risk or opportunity before the execution of the actions, the
firm has been penalized with $50,000.00. So, the organization is to make a sustainable plan
for the project.
iv) The technique carried out to manage threats and opportunity such as reducing the
techniques and plan has been initiated and external organization has been engaged to evaluate
and create formulation plan (Qian 2016)
Cost of actions must be about mitigating the risk or opportunity. This could might require
Timberwell Construction around 4 million AUS$ to deal with the environmental
sustainability

5GOVERNANCE, ETHICS AND SUSTAINABILITY
Disclosure 205-3: Confirmed incidents of corruption and actions taken
It has been identified that Disclosure 205-3 mentions the fact deliver information about the
events of corruption (Mensah et al. 2015). This section of the report delivers the data about in
accordance to the requirement.
1) The net number and nature of confirmed events of unethical events
It has been identified that there have been no certain incidents or events of mal-practices
in organization. Nonetheless, there are some allegations found of a public corruption scandal
which remains under the prosecution.
ii).
Overall number of confirmed events in which employees were dismissed or disciplined for
corruption. It has been identified that there have been no such incidents of dismissal of
employees to malpractice however, the employees of the agency have been suspended from
their duty without even paying until the prosecution gets over.
iii). Overall number of confirmed incidents when found, business partners are withdrawn and
they were not renewed because of the violations associated with the corruption.
According to the current scenario of the organization, no confirmed incidents in terms of
corruption with the business partners have been found however, the external contractors were
suspected and some male practices were withdrawn from the duty and their contract has been
dismissed (Peng and Liu 2016).
iv). It has also been identified that some public cases about the corruption brought against the
agency or its members about the period and outcome of such cases have also been observed.
It has been identified that some allegations related to five different employees as well as two
external consultants who were found to be engaged in the bribery. Moreover, according to the

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cases found, some members of the organization were found to be involved in the process.
Moreover, the contracts with the external consultants have also been dismissed.
Disclosure 206-1 Legal actions for anti-competitive behaviour, anti-trust, and
monopoly practices
As per the Disclosure 206-1 found, the organization Timbwell Construction reveals relevant
sort of information regarding the legal actions anti-competitive behaviour, anti-trust and some
monopoly business practices. Disclosure 206-1 of Timberwell Constructions discloses some
relevant information in two different sections, which are given in the following
i). Total number of legal actions that are left pending or completed during the reporting
period, the firm has been found to be engaged in competitive behaviour, violations of anti-
trust as well as monopoly legislations (Wang et al. 2013).
As per the case scenario found, it can be added that there is one ant-competitive behaviour
which was alleged against the organization and according to this, the firm is found to be
engaged in anti-competitive and they are found to be misusing the power. It has also been
identified that Timberwell Consturction are involved in creating some random conflcits with
its suppliers and contractors and they have threatened to minimize or dismiss their contact
with the organization if the firm is found to be involved with the emerging organization
coming up in the area. Moreover, Australian Competition and Consumer Commission
(ACCC) have sorted a single case with the Federal Court which is to be identified in a four
months gap period.
ii) Some fundamental outcomes of completed legal actions involving any decisions or
judgments
Thus, the case has been listed with Federal Court and hearing is yet to come in four month
period

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Disclosure of Environmental Standards: Disclosure 300
The discussion in this section is about the statement that are made on the basis of the
disclosure 302-1, 304-2 as well as 307-1. This means that the discussion is established on the
sustainability of the business environment of Timberwell Constiruction and the methods that
organizations have made plans to deal with the issues that tend to come from the operation.
Disclosure 302-1: Energy consumption within the organization
This section of the report provides the information about the use of energy by the
organization. All sources of energy being consumed by the organization have been
categorized in the report.
Thus, it can be added that total consumption and use of fuel of non-renewable resources by
organization amount to 1.0 Gigajoules on an annual basis.
i) This means that the overall consumption within the organization from the
renewable sources are found and presented in joules
So, the total consumption particularly in the renewable energy sources by organization is
calculated at 0.5 Gigajoules on an annual basis.
ii) Consumption of electricity is also presented Joules
Overall consumption of electricity used by Timberwell Construction over a period is
calculated at 2.0 Giga Joules
iii) Likewise, the overall energy consumption of Timberwell Construction is done in
joules
Hence, the overall consumption of energy in the organization has been done and calculated at
3.5 Giga Joules on an annual basis.

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Presently, the organization tends to look forward to minimize its non-renewable energy
consumption and increase the consumption of energy by 50%. Thus, it can be added that
organization is highly repsonbile for the efficient in maintaining the balance and as a result it
seeks to become an efficient firm in the coming days.
Disclosure 304-2: Significant impacts of activities, products, and services on
biodiversity
The section of the report provides the information about the influence developed by activities
and the services of Timberwell Construction and the report made for the analysis compile
with the clauses of disclosure 304-2
i) Thus, it can be added that there is a growing impact both direct and indirect on
biodiversity of the environment
It has been identified that biodiversity of the nature has been affected by the project
developed by Timberwell Construction. Consequently, the habitat of natural species are
largely affected and there was a growing reduction of habitat of the nature due to
construction. So, it is worth stating there is a significant influence because of the
development of construction projects have strongly affected the environment in some ways
which are discussed in the following (Globalreporting.org 2018).
 It has been identified that clearing of 0.45 hectares of coastal grassland are
significantly found to be endangered
 There is a rapid conversion of habitate of the natural specifies are found due to the
residential project at Otford Park development site
So, it can be added that grassland habitat can be recycled and the organization made
appropriate plans to reconstruct the grassland at the most estimated cost of $440,000.00.
Consequently, the organization made some plans about Environmental Impact Assessment

9GOVERNANCE, ETHICS AND SUSTAINABILITY
and it has taken the decision of acting to the development of Wallum Sedge Frogs in the
project site.
Disclosure of Social Sustainability: Disclosure 400
This part of the report is about the social sustainability of Timberwell Construction and the
analysis in the section has been made following the disclosure 401-1, 406-1 and 413-1
Disclosure 401-1: New employee hires and employee turnover
So, the report about the hiring of organizational members and employee turnover have been
notified in the following
According to the case study given, it can be mentioned that organization hired almost 58
employees but the firm is in the need of hiring few more employees to deal with the deficit of
17 employees. This is because some of the employees have left the organization
(Globalreporting.org 2018).
Thus, it can be added that the rate of employee turnover is relatively high if the current
employee base of the organization is high. The organization has developed a set of policies
to resolve this issue.
Disclosure 406-1: Incidents of discrimination and corrective actions taken
It can be added that disclosure gives the report about the discrimination in organization with
the following perspectives.
i) Overall number of incidents about the discrimination in the organization and the
case has been filed by Dennis McCabe who left the company because of the
discrimination against him on the basis of his age he was over 50.
ii) Ii) According to the status of the incident, the action was taken and the
organization gave the compensation to the workers and the incident no longer

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requires actions and the organization is trying to bring employee friendly policies
to deal with such issues of discrimination
Disclosure 413-1: Operations with local community engagement, impact
assessments and development programs.
This section is about the information concerning the community engagement and the impact
it has on the community and the development program undertaken by organization. It has
been identified that several initiatives have been taken by organization that obviously
includes environmental influence assessment, programs based on the local communities
along with the development project which could create awareness about the social housing.

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References
Globalreporting.org (2018). GRI Standards Download Homepage. [online]
Globalreporting.org. Available at: https://www.globalreporting.org/standards [Accessed 9
Oct. 2018].
Kombat, A.M., 2013. Economic Assessment of Environmental Taxes and Standards in
Managing the Environmental Problems that Emanate from Oil and Gas Production on
Ghana's Jubilee field. Journal of International Real Estate and Construction Studies, 3(1),
p.33.
Mensah, A.K., Mahiri, I.O., Owusu, O., Mireku, O.D., Wireko, I. and Kissi, E.A., 2015.
Environmental impacts of mining: a study of mining communities in Ghana. Applied Ecology
and Environmental Sciences, 3(3), pp.81-94.
Peng, X. and Liu, Y., 2016. Behind eco-innovation: Managerial environmental awareness and
external resource acquisition. Journal of Cleaner Production, 139, pp.347-360.
Qian, S.S., 2016. Environmental and ecological statistics with R. Chapman and Hall/CRC.
Wang, Y.F., Chen, S.P., Lee, Y.C. and Tsai, C.T.S., 2013. Developing green management
standards for restaurants: An application of green supply chain management. International
Journal of Hospitality Management, 34, pp.263-273.
Živković, S., Takić, L. and Živković, N., 2013. The improvement of environmental
performances by applying ISO 14001 standard: A case study. Chemical Industry and
Chemical Engineering Quarterly/CICEQ, 19(4), pp.541-552.

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