Governance, Ethics and Sustainability

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

GOVERNANCE, ETHICS AND SUSTAINABILITY1
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

GOVERNANCE, ETHICS AND SUSTAINABILITY2
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.

GOVERNANCE, ETHICS AND SUSTAINABILITY3
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