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Running head:GOVERNANCE, ETHICS, AND SUSTAINABILITY Governance, Ethics, and Sustainability (Timberwell Constructions) Name of the student: Name of the university: Author Note
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1GOVERNANCE, ETHICS, AND SUSTAINABILITY Executive summary In the following study the Timberwell Constructions is chosen. This is the business to deal with the residential developments. It helps in developing the complex of the apartment at Stanwell Council. Besides, this has been employing various male staffs with different trades and professions related to construction. Further, it is seen that sustainability analysis is a complex process for appraisal. It can be done for supporting the decision making and policies with broad environmental, financial and social contexts. It has transcended the purely technical and scientific evaluation. The measures to quantify the uncertainty are the main ingredients of framework of analysis. In this report the analysis of sustainability is done over the construction of Timberwell. Apart from this a sustainable analysis is done social, environmental and economic determination of sustainability.
2GOVERNANCE, ETHICS, AND SUSTAINABILITY Table of Contents Introduction:..........................................................................................................................................3 A. Analyzing economic sustainability:..................................................................................................3 i) Disclosure 201-2 Different Financial implications and additional opportunities and developing risks and due to the overall change in climate:..................................................................................3 ii) Disclosure 205-3: Different kinds of confirmed incidents regarding corruption along with various measures undertaken:............................................................................................................4 iii) Disclosure 206-1 Legal actions that are related to behavior which is anti-competitive various anti-trust, and different monopoly kind of practices:........................................................................6 B. Analyzing the environmental sustainability:.....................................................................................6 i) Disclosure 302-1Energy consumption ocurirng atTimberwell Constructions:...........................6 ii.) Disclosure 304-2 Notable effects of various activities, products, and different services on biodiversity:.......................................................................................................................................7 iii) Disclosure 307-1 Non-compliance occurring with different types of different environmental regulations and laws:.........................................................................................................................8 C. Demonstrating social sustainability:.................................................................................................9 i) Disclosure 401-1 New employee hiring process and the overall turnover of employee:..............9 ii) Disclosure 406-1 Incidents of discrimination and corrective actions are taken:..........................9 iii) Disclosure 413-1 Different operations having the engagement of the various local community, different types of assessments of effects and distinct programs of development:...........................10 Conclusion:..........................................................................................................................................10
3GOVERNANCE, ETHICS, AND SUSTAINABILITY References:..........................................................................................................................................12 Introduction: Timberwell Constructions is a leading company that has been dealing with the residential development. It develops the apartment complex situated at the district of Stanwell Council. Furthermore, this has been employing 58 male employee having various construction related professions and trades. The sustainability assessment is a complicated method of appraisal. This is performed to support policies and decision-making under the wide social, economic and environmental context. This transcends the purely scientific and technical evaluation. Here, the measures of quantifying the uncertainty are the primary ingredients of the analysis framework. In this following study a sustainable assessment is done on Timberwell construction. The following study makes a sustainable assessment including the different economic sustainability, various environmental sustainability and the social sustainability. A. Analyzing economic sustainability: i)Disclosure201-2DifferentFinancialimplicationsandadditionalopportunitiesand developing risks and due to the overall change in climate: The reporting organization has required to report the various types of information. This involves the different types of risks and scopes. These are posed by the climate change. It consist of the potential to create various substantive changes in patrons. The risks and scopes are also been
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4GOVERNANCE, ETHICS, AND SUSTAINABILITY posed by the change of climate. It has consisted of the overall efficiency in order to create substantial changes in expenditures, revenues and operations. While complying to the data specified, as Timberwell Constructions, never have the system in place for calculating the economic implications and costs and do revenue projects, they must report the timeline and plans for developing the needed systems (Bosselman 2016). An analysis of opportunity and risk driver like a specific piece of legislation and physical driver like water scarcity must be considered for Timberwell Constructions. Next, the project timeframes are to be considered where the opportunity and risk are intended to have substantive economic implications. Further, there are direct and indirect effects and potential effects including increased and decreased operational and capital costs. Next, it involves the demand for services and products with the availability of capitals and scopes of investments. Lastly, there is the likelihood and magnitude of the effect. ii) Disclosure 205-3: Different kinds ofconfirmed incidents regarding corruption along with various measures undertaken: The reporting for organization has highlighted various data. This involves the overall amount along with the confirmed events that are related to corruptions. Moreover, the overall amount of confirmedeventswherestaffsof TimberwellConstructionsare disciplinedor dismissed for corruptions. Further, the overall amount of the confirmed incidents that includes the contracts having a different business partner has been terminated. Moreover, they have never been renewed due to the violations regarding corruptions. In this way, the various types of public legal cases have been about the corruptions brought against the business and employees due to the period of reporting and results of the cases (Roos 2017). Moreover, for the stakeholders, there has been interesting in the indecent
5GOVERNANCE, ETHICS, AND SUSTAINABILITY occurrence and then the reaction to the business towards the vents. Here, the public legal cases due to corruptions have involved present public investigations closed cases in prosecutions.
6GOVERNANCE, ETHICS, AND SUSTAINABILITY iii) Disclosure 206-1 Legal actions that are related to behavior which is anti-competitive various anti-trust, and different monopoly kind of practices: Here in this case, Timberwell Constructions must be reporting various data. This includes the various amount of varous legal tasks that are completed or ending. This take place as the reporting period goes in about anti-competitive violations and behaviours of the legislation of monopoly and anti-trust where the business can be seen as the participant. Further, the important result of the completed legal actions involving the judgment or decisions has been there (Formentin and Taticchi 2016). The disclose has been pertaining to various legal activities that are initiated within various international national has that are developed mainly for a reason to regular the anti-competitive behaviors, with monopoly practices and anti-trust. This can put an impact on the various choices of consumers, along with pricing and additional elements important to create a smart market. It is also seenthatlegislationintroducedatAustraliahasbeenseekingthepreventionorcontrolof monopolies. This includes the underpinning assumptions that the competing has been taking place between the enterprise promoting the sustainable growth and underpinning assumption. Furthermore, the legal activities denote the cases where the market activities or the status of Timberwell Constructions has reached enough scale to the concern merit that are originating from by the third party. Here, the overall legal actions have been coming out of the cases. These have been carrying the rise of vital disruption in the tasks of the market for the punitive measures and also Timberwell Constructions.
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7GOVERNANCE, ETHICS, AND SUSTAINABILITY B. Analyzing the environmental sustainability: i) Disclosure 302-1Energy consumption ocurirng atTimberwell Constructions: Here, Timberwell Constructions can determine the energy consumptions external to their business. This can be done through analysing whether there is the activity of energy consumption. It contributes to the overall anticipated energy external to Timberwell Constructions. It provides the efficiency for reducing the Timberwell Constructions to influence and undertake (Bui et al. 2019). Moreover, it contributes to risks of climate change related to regulatory financial, supply chain customer and products, reputational risks and litigations. Moreover, it is deemed by the materials by the stakeholders, civil society, investors, suppliers and customers. Moreover, it originates from different outsourced tasks that are done in-house. It is typically done in-house by the business in a similar sector. Besides, they have been meeting the criteria to find the relevance that s created by the organizations and the business in that area. The upstream categories involve the purchased services and goods, capital goods fuels and variousenergy-relatedtasks.Itincludestheupstreamdistributionandtransportation,waste generated at operations and business travel. Moreover, this also involves the employee commuting and the assetsthat upstreamleased (Lewellyn and Logsdon, 2016). Again, the downstream categoriesinvolvethedownstreamdistributionsandtransportations.Itincludestheoverall processing of ifferet sold products, usage of those sold products, end-life treatments of the products sold, investments, franchise along with various kinds downstream leased assets. ii.) Disclosure 304-2 Notable effects of various activities, products, and different services on biodiversity: Here, Timberwell Constructions must be reported to the following information. This includes the nature of notable indirect and direct effects on biodiversity. This is with reference to many. This
8GOVERNANCE, ETHICS, AND SUSTAINABILITY includes the use and construction of manufacturing plants, mines and transport infrastructures. It involves the notable indirect and direct effects on the biodiversities having reference to various factors. The first one includes the use or construction of manufacturing has been transports and transports for different infrastructures (Davies 2016). Then, it includes the pollutions or the introducing of substances that never happen in the non-point sources and habitat form point. It involves the introducing of various pathogens, pests and invasive species. Then there are reductions of species and habitat conversions. Then, there are modifications to the ecological processes external to the natural range of variation. This involves the changes or sanity under groundwater levels. It involves the indirect and direct negative and positive effects with reference to various elements (Jones, Hillier and Comfort 2017). Further, the indirect effects on biodiversity have involved the effects of the supply chains. This involves the effects that are not limited to the sectors that are protected morally and including considerations and effects of buffer zones. It includes the sectors of effects that are restricted to the sectors that are protected formally and includes the considering of effects of various buffer zones. It is also designated at various formal areas of particular sensitivity or importance (Lee, Cin and Lee 2016). Further, the disclosure delivers the background of the development and understanding of Timberwell Constructions’ strategy. This is to mitigate the important direct and indirect effects over bio-diversity. iii)Disclosure307-1Non-complianceoccurringwithdifferenttypesofdifferent environmental regulations and laws: Timberwell Constructions must be reporting to various data. There must be non-monetary sectionsand importantfines for non-compliancestaking placewith environmentallawsand regulations (Martin et al. 2016). This must be as per the overall monetary value under various types
9GOVERNANCE, ETHICS, AND SUSTAINABILITY essential fines. Then, it includes the overall monetary value with crucial fines.Then there are overall amounts of various non-monetary sanctions. The overall monetary value has consisted of notable fines. Next, there are the overall amount of monetary sanctions. This involves the cases that are brought to various dispute resolution mechanisms (Westra 2016). C. Demonstrating social sustainability: i) Disclosure 401-1 New employee hiring process and the overall turnover of employee: Timberwell Constructions must be reporting some data here. This includes the overall rate and number of new employees who are hired while the reporting goes on. It is done as per region, gender and age group. Next, the overall amount and the rate of the turnover of the employee during reporting time as per region, gender and age are determined. While compiling the data specific at Disclosure 401-1, the Timberwell Constructions must be using the overall number of the employee duringthe finding of reporting time. This is to measure the rates of the latest employee hires with various employee turnovers (Husted and de Sousa-Filho 2017). Further, the entire region, age and the quanity of the new employee of Timberwell Constructions hiring can be shown as the ability and strategy for attracting qualified and diverse staffs. It indicates the data to notify the efforts of to Timberwell Constructions for implementation with inclusive practices of recruitments on the basis of genders and ages. This has also been indicating the optimal usage of talent and available labour in various sectors. This greater rate of the turnover of employee has been indicating the uncertainty levels and various dissatisfactions taking place among various employees. This is also the sign of the primary change under the frameworks of Timberwell Construction’s central activities (Galliott 2016). Besides, the turnovers have been coming from the changes to intellectual and human capital for Timberwell Constructions and have been affecting productivity. In this way the turnover as the
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10GOVERNANCE, ETHICS, AND SUSTAINABILITY direct implications of costs. Tis must be done in terms of the different decreased payroll and higher costs for the employee recruitments. ii) Disclosure 406-1 Incidents of discrimination and corrective actions are taken: Regarding the purpose related to the standard, various discrimination has been found to be defined. This is due to the result and acts to treat people in an unequal way. This can be done by imposing the unequal burdens and denying the advantages. This can be done through treating every person in fairway over the individual merit basis (Hoitash, Hoitas and Burk 2019). Nevertheless, discrimination has also been involving harassment. It has also been defined as the action or comment course that are to be unwelcomed. This has been reasonably known for welcoming for the individual towards whom they are referred. iii)Disclosure413-1Differentoperationshavingtheengagementofthevariouslocal community, different types of assessments of effects and distinct programs of development: Timberwell Constructions must be reporting various data. This includes the percentage of activities having deployed different types of engagement as far as the local community, different development programs along with effective analysis is considered. This involves the analysis of the social effect that involves the gender effect analysis on the basis of participatory measures. Next, there is the environmental effect analysis and current controlling (Quarshie, Salmi and Leuschner 2016). Furthermore, there is the public disclosure of social and environment easements of effects. Next, the local programs of community development on the basis of the needs of local communities are to be considered. This involves the various kinds of plans to undertake the stakeholder engagement as per stakeholder mapping is considered.
11GOVERNANCE, ETHICS, AND SUSTAINABILITY Conclusion: It is seen that in current years the discussion regarding the relationship between society and business has undergone immense progress. In turn it has led to wide practical and academic discussion over various innovative management ideas like sustainability management, corporate governance, and corporate social liabilities. The above study is useful to make the greatly innovative approach of management that is accessible from the side of business leaders and various students. Apart from this, it has been bringing together various viewpoints across the world. Further, the above report contributes to the intercultural and interdisciplinary analysis on the role of Timberwell Constructions in society.
12GOVERNANCE, ETHICS, AND SUSTAINABILITY References: Bosselmann, K., 2016.The principle of sustainability: transforming law and governance. Routledge. Bui, S., Costa, I., De Schutter, O., Dedeurwaerdere, T., Hudon, M. and Feyereisen, M., 2019. Systemic ethics and inclusive governance: two key prerequisites for sustainability transitions of agri- food systems.Agriculture and Human Values, pp.1-12. Davies, A., 2016.The globalisation of corporate governance: The challenge of clashing cultures. Routledge. Formentini,M.andTaticchi,P.,2016.Corporatesustainabilityapproachesandgovernance mechanisms in sustainable supply chain management.Journal of Cleaner Production,112, pp.1920- 1933. Galliott, J., 2016.Commercial space exploration: Ethics, policy and governance. Routledge. Hoitash, U., Hoitash, R. and Burke, J., 2019. The Heterogeneity of Board-Level Sustainability Committees and Corporate Social Performance. Hussain, N., Rigoni, U. and Orij, R.P., 2018. Corporate governance and sustainability performance: Analysis of triple bottom line performance.Journal of Business Ethics,149(2), pp.411-432. Husted, B.W. and de Sousa-Filho, J.M., 2017. The impact of sustainability governance, country stakeholder orientation, and country risk on environmental, social, and governance performance. Journal of cleaner production,155, pp.93-102. Jones, P., Hillier, D. and Comfort, D., 2017. The two market leaders in ocean cruising and corporate sustainability.International Journal of Contemporary Hospitality Management,29(1), pp.288-306.