Governance Ethics and Sustainability Assessment for Timberwell Constructions

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

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Introduction
The Global Reporting Initiative or the GRI is one of the universally accepted framework
for corporate reporting. The reporting of any organisation is done on the basis of the
sustainability and GRI provides a basic guideline into the repotting of the company standards and
operations with respect to economic sustainability, social sustainability and environmental
sustainability. The GRI lays out a framework that discloses the various clauses and disclosures
regarding Economic Sustainability, Social Sustainability and Environmental Sustainability. The
GRI has laid out the guidelines that are to be followed if an organisation is willing to prepare the
report according to the GRI standards. The GRI is one of the most important reporting initiatives
and provides a framework that minutely regulates all the standards of governance and their
performance based on the attributes mentioned above.
This report will look into the attributes of sustainability of a fictional company
Timberwell Constructions and will create a report for the organisation by evaluating the scenario
of the company and will look into the Economic sustainability, The Social sustainability and the
Environmental Sustainability of the company. The GRI reporting initiative is done to present the
transparency of the company in terms of economic social and environmental and provides the
stakeholders and the shareholders with a report that is based on global standards allows for a
transparent reporting that ensures the trust on the organisation. The report has followed the GRI
manual and have framed the report in accordance with the GRI disclosures and evaluates the
sustainability of the company with respect to the Economic attributes of the company, with
respect to the Social attribute and the environmental sustainability of the company. This report
will be framed based on the Disclosures of 200, 300 and 400 series. The disclosures will include