Governance Ethics and Sustainability Assessment

Running head: GOVERNANCE ETHICS AND SUSTAINABILITY ASESSMENT
GOVERNANCE ETHICS AND SUSTAINABILITY ASESSMENT
Name of the Student
Name of the University
Author Note

2GOVERNANCE ETHICS AND SUSTAINABILITY ASESSMENT
Table of Contents
Introduction......................................................................................................................................5
Company Overview:........................................................................................................................6
The GRI Reporting Standards.........................................................................................................7
Disclosure 200: Disclosure of Economic Standards....................................................................7
Disclosure 201-2: “Financial implications and other risks and opportunities due to climate
change”....................................................................................................................................7
a. The financial implications of the risk or opportunity before action is taken....................8
b. The methods used to manage the risk or opportunity.......................................................8
c. The cost of actions to manage or mitigate the risks or opportunity..................................8
Disclosure 205-3: “Confirmed incidents of corruption and actions taken”.............................8
a. Total number and nature of confirmed incidents of corruptions......................................9
b. Total number of confirmed incidents in which employees were dismissed or disciplined
for corruption:..........................................................................................................................9
c. Total number of confirmed incidents when contracts with business partners were
terminated or not renewed due to violations related to corruption:.........................................9
d. Public legal cases regarding corruption brought against the organization or its
employees during the reporting period and the outcomes of such cases.................................9
Disclosure 206-1 Legal actions for anti-competitive behaviour, anti-trust, and monopoly
practices.....................................................................................................................................10
a. Number of legal actions pending or completed during the reporting period regarding
anti-competitive behavior and violations of anti-trust and monopoly legislation in which the
organization has been identified as a participant:..................................................................10
b. Main outcomes of completed legal actions, including any decisions or judgments:......10
Disclosure of Environmental Standards: Disclosure 300..........................................................11
Energy consumption within the organization: Disclosure 302-1:.........................................11
a. Total fuel consumption within the organization from non-renewable sources in joules11
b. Total fuel consumption within the organization from renewable sources in joules:......11
c. Total electricity consumption in Joules..........................................................................11
d. Total energy consumption within the organization, in joules:.......................................12
Disclosure 304-2: Significant impacts of activities, products, and services on biodiversity....12
Disclosure 307-1: Non-compliance with environmental laws and regulations.....................13
Disclosure of Social Sustainability: Disclosure 400..................................................................13

3GOVERNANCE ETHICS AND SUSTAINABILITY ASESSMENT
Disclosure 401-1: New employee hires and employee turnover...........................................13
Disclosure 406-1: Incidents of discrimination and corrective actions taken.........................14
Disclosure 413-1: Operations with local community engagement, impact assessments and
development programs...........................................................................................................14
Conclusion.....................................................................................................................................15
References......................................................................................................................................17
Bibliography..................................................................................................................................18

4GOVERNANCE ETHICS AND SUSTAINABILITY ASESSMENT
Introduction
The GRI or the Global Reporting Initiative is one of the internationally acclaimed
corporate reporting framework that allows for evaluating the governance of any organisation
with respect to the sustainability in terms of Economic, Social and Environmental. The GRI lays
out disclosures and guidelines which are to be followed while reporting through GRI standards.
The standards being best in the industry provide a universal framework that allows a non-biased
analysis of the organisation and provides a report that can be universally accepted and
acknowledged (Berinde & Andreescu, 2015).
This report will examine and evaluate the attributes of sustainability in terms of
Economic, Social and Environmental for Timberwell Constructions and will follow the GRI
framework in assessing these attributes of the organisation. The necessity to frame the report is
aimed to provide confidence building measures on the behalf of the company for the
stakeholders and the consumers. The information that this report will provide intends to inform
the internal and the external stakeholders about the commitment of the company towards
economic sustainability, social responsibility and environmental sustainability. The report has
been made in accordance with the GRI standards and the disclosures of the GRI with respect to
the sustainability has been discussed with reference form the GRI manual. The report wishes to
provide a clear view about the company’s standpoint on the above mentioned aspects of
sustainability. The report will conform to the economic sustainability of the disclosures of 201-2,
205-3 and 206-1 which will lay out the economic sustainability of the company (Berinde &
Andreescu, 2015). The disclosures of 302-1, 304-2 and 307-1 will be followed to report on the