Governance, Ethics and Sustainability

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

2GOVERNANCE, ETHICS AND SUSTAINABILITY
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

3GOVERNANCE, ETHICS AND SUSTAINABILITY
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

4GOVERNANCE, ETHICS AND SUSTAINABILITY
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