Governance Ethics and Sustainability

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

1GOVERNANCE ETHICS AND SUSTAINABILITY
Table of Contents
Introduction......................................................................................................................................2
Body.................................................................................................................................................3
Economic sustainability...............................................................................................................3
i. Disclosure 201-2. Financial implications and other risks and opportunities due to
climate change.........................................................................................................................3
ii. Disclosure 205-3 Confirmed incidents of corruption and actions taken...........................3
iii. Disclosure 206-1 Legal actions for anti-competitive behaviour, anti-trust, and monopoly
practices...................................................................................................................................4
Management approach.............................................................................................................4
Environmental Sustainability.......................................................................................................5
i. Disclosure 302-1 Energy consumption within the organisation.......................................5
ii. Disclosure 304-2. Significant impacts of activities, products, and services on
biodiversity..............................................................................................................................6
iii. Disclosure 307-1 Non-compliance with environmental laws and regulations
Management approach.............................................................................................................6
Management approach.............................................................................................................7
Social sustainability.....................................................................................................................8
i. Disclosure 401-1 New employee hires and employee turnover.......................................8
ii. Disclosure 406-1 Incidents of discrimination and corrective actions taken.....................8

2GOVERNANCE ETHICS AND SUSTAINABILITY
iii. Disclosure 413-1 Operations with local community engagement, impact assessments
and development programs......................................................................................................9
Management approach.............................................................................................................9
Conclusion.....................................................................................................................................10
Reference.......................................................................................................................................11

3GOVERNANCE ETHICS AND SUSTAINABILITY
Introduction
Ethics and sustainability are considered to be the most important aspect for present
business situation. Most of the organisations put emphasis on these two factors and try to
develop such a framework for retaining the ethical and sustainable attitude of the organisation. It
is highly related to the business practise of the organisation so that the future sustainability of the
organisation will be secured. In this context, it can be stated that the role of the top management
and the implication of the sustainable and ethical measures will facilitate strategic advantage for
the organisation significantly.
In this regard, this report aims to discuss the ethics and sustainability issues in
Timberwell Constructions which is a popular organisation in the Stanwell Council district,
Australia. Moreover, the report also follows the GRI Sustainability Reporting Standards that
segregated the discussion into three stages such as the economic, environmental and social
sustainability. As a matter of fact, the report also cares to highlight the management approach in
order to understand and deliver a better step towards maintaining the sustainability standards.
The purpose of using the GRI standard is to help the organisation to perceive the importance of
sustainability in one hand and implementing the elements and measure of sustainability on the
other.