Governance, Ethics and Sustainability

This sustainability report discusses the approaches and initiatives for making organizations sustainable, focusing on the GRI framework. It covers economic, environmental, and social sustainability, as well as compliance with disclosure standards.

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................................................................................................................................2
The GRI Standards.....................................................................................................................2
Disclosure of Economic Standards: Disclosure 200..................................................................2
Disclosure 201-2: Financial implications and other risks and opportunities due to climate
change....................................................................................................................................3
Disclosure 205-3: Confirmed incidents of corruption and actions engaged..........................4
Disclosure 206-1 Legal actions for anti-competitive behaviour, anti-trust, and monopoly
practices..................................................................................................................................5
Disclosure of Environmental Standards: Disclosure 300...........................................................6
Disclosure 302-1: Energy consumption within the organization...........................................6
Disclosure 304-2: Significant impacts of activities, products, and services on biodiversity. 7
Disclosure 307-1: Non-compliance with environmental laws and regulations.....................7
Disclosure of Social Sustainability: Disclosure 400..................................................................8
Disclosure 401-1: New employee recruitment and employee turnover.................................8
Disclosure 406-1: Incidents of discrimination and corrective actions taken.........................9
Disclosure 413-1: Operations with local community engagement, impact assessments and
development programs...........................................................................................................9
References................................................................................................................................10

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Introduction
This sustainability report is a complete guide involving the operational scenario of
Timberwell about the approaches and initiative that should be implemented to make the
organizations relatively sustainable in the market. This particular report considers the GRI
framework to describe and suggest the sustainability report and could be adhere to the
guideline mentioned in the disclosure. This means that content of the report involves the
aspects of economic, environmental and suitability and should be conforming to particular
disclosure mentioned in 200, 300 and 400 and could resolve the topic standards in the GRI
framework. The following report is divided into three different sections which could
elaborate the issues and explain the sustainability approaches taken and implemented by the
organization. The report evaluates both positive and negative influence of organization and
resolve the issue in accordance to GRI framework.
According to the given scenario of Timberwell Construction, it is highly important to deliver
a sustainability report to inform internal and external stake holders of Timber Wall
Construction that is committed to the reasons of sustainability in all terms. Furthermore, the
report has been prepared with the specific standards mentioned by Global Reporting
Initiatives as well as comply with the requirement of GRI framework (Morelli, 2011). The
issue stated in the report will be addressed in accordance to the GRI framework of Economic,
Environmental and Social Sustainability.

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The GRI Standards
Disclosure of Economic Standards: Disclosure 200
This report tends to complies with all sort of report requirement for the disclosure of 201-2,
205 and 206-1
Disclosure 201-2: Financial implications and other risks and opportunities due to
climate change
It has been identified that GRI Disclosure 201-2 needs a proper statement about Risks and
Opportunities posed by climate change which have the potential to generate substantive
change in operations, expenditure and revenue. This could further include
i) Description and brief of the risk or opportunities ad well as its classification with
respect to physical or regulatory
ii) Because of the climate change there have been some incidents of bush fires in
some regions of Timberwell it can also be added that there have been some
physical risks because of the influence climate change (Globalreporting.org 2019)
iii) The firm needs to meet and develop some higher safety standards to avoid nah
sort of loss and hazards because of the bushfire. Timberwell could face enormous
loss since the region of proposed site including some areas’
iv) The economic execution s of the threats or opportunity before action is
implemented Town planning organisation charged $50,000.00 to prepare an
environmentally sustainable plan for the project.
v) Techniques applied to deal with risk and opportunity: appropriate mitigation
techniques and plan has been initiated and external organizations have been
engaged to assess and formulate the mitigate plans

4GOVERNANCE, ETHICS AND SUSTAINABILITY
vi) The expense of actions to deal with the risk or mitigate the risks or opportunity.
This could cost Timberwell Constructions almost 4 billion dollars to comply with
the environmental sustainability.
vii) Overall number of confirmed incidents when contracts with the business partners
were terminated or not re-considered because of the violations associated to
corruption (Northey,Haque & Mudd, 2013).
viii) There have been no confirmed events of corruption developed against the firm or
its employees during the reporting period and outcomes of such cases.
Disclosure 205-3: Confirmed incidents of corruption and actions engaged
In accordance with the Disclosure 205-3, Timberwell Constructions delivers the
information concerning events of corruption and the following actions taken by the
establishment. The following section delivers the related information.
i). Overall number and type of deep-rooted events of corruptions:
It has been identified that no confirmed instance of corruption have been found in the
organizations but some allegations about a public corruption has been discovered which is
under prosecution (Jones, Hillier & Comfort, 2014)
ii). It includes overall number of confirmed incidents in which the employees were dismissed
or disciplined for corruption
There had been no such solid or concrete incidents of dismissal of employees owing to
malpractices but organizations suspected of corruptions have been suspended from the duty
without pay till prosecution gets over.

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Public legal cases about corruption brought against the organization or its employees about
ten reporting time and the outcome of such cases (Lozano, 2013). It has been identified that
there have been some allegations of corruption associated to five employees and two external
who were alleged to be engaged in the bribery. It has ben ident4id that the organizational
members of the organizations have been suspended without the pay till the closure of the
prosecution .The contact with the external consultants have been ceased.
Disclosure 206-1 Legal actions for anti-competitive behaviour, anti-trust, and
monopoly practices
According to Leith, Ogier andd Haward (2014), thee organization Timber construction tends
to provides the information about the legal actions for anti-competitive behaviour, anti-trust
and the practice of monopoly. Thus, it can be mentioned that Disclosure 206-1 of Timberwell
Constructions is most likely to deliver the required information in the sections two different
way.
i) It has been identified that the number of legal actions pending or complicated at
the time of reporting about the anti-competitive behaviour and violations of anti-
trust as well as monopoly trust in which the establishment have been identified as
the respondent.
It has also been noted that there is a single case of anti-competitive behaviour which was
alleged against Timberwell Construction which certainly accuses the firm to be involved in
the anti-competitive conduct as well as wrongly use their market power. It has also bee
identified that the organization have been engaged in creating conflicts with its suppliers as
well as contractors and they gave been threatened to minimize or terminate their terms and
contract with Timberwell Construction if they find them being engaged with an emerging
development organization coming up in the area. It has also been identified that Australian

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Competition and Consumer development organization have mentioned about some
organizations which is to be revealed in four month time.
ii), it might also include some major outcome about the legal actions with the inclusion about
any decision or judgment
It is also noted that the case has been listed with Federal Court and the hearing is due in some
months of time
Disclosure of Environmental Standards: Disclosure 300
Such section of the report might have to include some statements that are usually
made in accordance to the disclosure such as 302-1, 304-2 and 307-1 (Pintér et al., 2018).
So, this section fundamentally discusses about the sustainability of Timberwell Construction
as well as means in which the organization is supposed to resolve the issues increasing
because of the operation.
Disclosure 302-1: Energy consumption within the organization
This section represents the information about the regarding consummation of energy by
Timberwell. It is noted that all sources of energy being consumed by Timberwell
Construction must be classified in the report.
i). Overall consumption particularly form the non-renewable resource by the organization
tends to amount 1.0 Gigajoules per annum
On the basis of the analyses it can be motioned that thru total consumption of fuel from
non-renewable resource by Timberwell Construction tends to amount to 1.0 Gigajoules per
annum. Considering the scenario mentioned in the case study, the overall expense of
consumption from renewable resource by Timberwell Construction is calculated at 0.5
Gigajoules annually (Lozano, 2013).

7GOVERNANCE, ETHICS AND SUSTAINABILITY
ii) The overall consumption of electricity in Joules
Furthermore, it is also learnt that overall electric being consumed by the organization over a
particular year is calculated and that is found to be around 2.0 on an annual basis. ‘
Organizations tend to looks forward to minimize its non-renewable energy consumption and
increase the energy consumption from the renewable spruces of energy which is 50%.
Organization can be held accountable for energy efficient organization. Moreover, the
organization is looking forward to become more efficient energy in the coming financial year.
Disclosure 304-2: Significant impacts of activities, products, and services on
biodiversity
This section of the report basically delivers the information about the influence developed
by the activities and services of the organization. The report complies with a set of clauses of
disclosure 304-2.
i) Prototype of significant direct and indirect influence on biodiversity
This menas that the nature of influence generated by one of the priejcts of organzion has
srongly affected the biodiversity by habitat conversion as well as reduction of some species
because of the conduction. This means that the significant influence because of the
development of project have strongly affected the environment in some of the ways discussed
in the following.
 For example the clearing of 0.45 hectares of coastal grasslands that are highly
endangered
 Transformation of habitat of Wallum Sedge Frogs because of the residential projects
at Oxford Park Development site

8GOVERNANCE, ETHICS AND SUSTAINABILITY
So, it can be added that the grassland habitat can be reversed and Timberwell has made
some adequate plans to reconstruct the grassland at the mot possible estimated cost of
$440,000.00. So, the firm has also developed and environmental influence Assessment report
and it is about the act on the habitat of Wallum Sedge Frogs in their project site.
Disclosure 307-1: Non-compliance with environmental laws and regulations
This section could inform about the financial cost which is attached to the
organization because of the non-compliance with the environmental laws as well as
regulation and it states the nature of compliance the business is engaged with the mitigation
of issues and it has been discussed in the following areas.
i). overall value of some significant fines
So, considering the scenario, the firm has been charged with the penalty of about
$200,000.00 because of rate of decrease of endangered species of flora. The organization has
been engaged to initiate a rehabilitation program which could cost the organization an
amount of $440,000.00. The organization has been advised to rehabilitate within the
framework and carrying out environmental audit with respect to Local Environmental Plan.
Disclosure of Social Sustainability: Disclosure 400
This section of the report helps to observe the fact the social responsibility of Timberwell
Construction and could report based on the disclosure 401-1, 406-1 and 413-1
Disclosure 401-1: New employee recruitment and employee turnover
This section of the report about new organizational members and employee turnover could be
notified here in the following.

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It has been noted that as per the report of organization, it has presently employed 58
employees and all of them are male. The organization is most likely to hire 12 more
employees to deal with the deficit of 17 employees and those have left the organization. It has
also been noted that the rate of employee turnover is about 29% as almost 17 employees have
left organization on grounds of relocation or alternative options . It has also been identified
that employee turnover rare remain high with 29% of employees leaving the firm. The firm
has developed policies to resolve the issues.
Disclosure 406-1: Incidents of discrimination and corrective actions taken
Like the other disclosure, this disclosure is most likely to report on the event of
discrimination in the organization and the report could cover the following perspectives
i) Overall number of event about the discrimination about the report during the
period
It has been noted that there have been some of the cases related to discrimination in the
organization and the case has been been filed by Denis –the individual who left the firm
because of the discrimination against him by the co-workers due to his age. It has been
note that he is one employee with the age over 50 years in the organization.
Disclosure 413-1: Operations with local community engagement, impact
assessments and development programs
This particular section could provide information about the community involvement the
influence assessment and the development program undertaken by organization (Leith, Ogier,
& Haward 2014). In addition, this section of the report could broadly talk about the activities
of Timbewelll about the reporting period. Some particular initiative have been taken by
organization which could include about the environmental influence assessment, programs
on the basis of regional communities enhancing the project that endorsee social housing ideas

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for formulating the needs of regional people. The firm has been engaged with Stnawell
council to comply with the amendments that should be made about the local environmental
plan.

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References
Compact, U. G. (2013). Global corporate sustainability report 2013. UN Global Compact
Reports, 5(1), 1-28.
Globalreporting.org (2019). GRI Standards Download Homepage. [online]
Globalreporting.org. Available at: https://www.globalreporting.org/standards [May
18. 219].
Jones, P., Hillier, D., & Comfort, D. (2014). Sustainability in the global hotel
industry. International Journal of Contemporary Hospitality Management, 26(1), 5-
17.
Leith, P., Ogier, E., & Haward, M. (2014). Science and social license: defining environmental
sustainability of Atlantic salmon aquaculture in south-eastern Tasmania,
Australia. Social Epistemology, 28(3-4), 277-296.
Lozano, R. (2013). Sustainability inter-linkages in reporting vindicated: a study of European
companies. Journal of Cleaner Production, 51, 57-65.
Morelli, J. (2011). Environmental sustainability: A definition for environmental
professionals. Journal of environmental sustainability, 1(1), 2.
Northey, S., Haque, N., & Mudd, G. (2013). Using sustainability reporting to assess the
environmental footprint of copper mining. Journal of Cleaner Production, 40, 118-
128.
Pintér, L., Hardi, P., Martinuzzi, A., & Hall, J. (2018). Bellagio STAMP: Principles for
sustainability assessment and measurement. In Routledge Handbook of Sustainability
Indicators (pp. 51-71). Routledge.

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