Government, Ethics and Sustainability

Running head: GOVERNMENT, ETHICS AND SUSTAINABILITY
GOVERNMENT, ETHICS AND SUSTAINABILITY
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GOVERNMENT, ETHICS AND SUSTAINABILITY1
Table of Contents
1. Introduction............................................................................................................................2
2. Discussion..............................................................................................................................2
Economic Sustainability.........................................................................................................2
Environmental Sustainability.................................................................................................4
Social Sustainability...............................................................................................................6
3. Conclusion..............................................................................................................................7
4. References:.............................................................................................................................9

GOVERNMENT, ETHICS AND SUSTAINABILITY2
1. Introduction
Sustainability is a significant issue that is faced by every organisation and it calls for
the need of utilising the resources in sustainable manner (Dyllick and Muff 2016).
Environmental, economic and social sustainability are the three key pillars of sustainability
and every companies are required to observe and to ensure that these goals are met.
Timberwell Constructions is one of those companies that that if facing different number of
sustainability issues. It is a residential development firm that builds apartment complexes in
the Stanwell Council district. This paper is going to elaborate on preparing an assessment on
the sustainability of this company by means of referring the sustainability reporting standards
of the GRI (Global Reporting Initiative) of 2016 (Masud, Kaium and Hossain 2016). This
assessment will helps the company in the process of evaluation of the impact of operations of
economy, environment and society. The main aim of this report is to prepare sustainability
report for Timberwell Constructions by taking into consideration the specific disclosures
regarding social, environment and economic standards.
2. Discussion
Economic Sustainability
 Disclosure 201-2 Financial implications and other risks and opportunities due to
climate change
Disclosure 201-2 is all about the risks, financial implications and opportunities on the
company because of the climatic conditions that results from the operations. Timberwell
Construction is facing both risk and opportunity in terms of environmental sustainability. It is
facing the risk of financial implications of obeying the Stanwell Council that is there in its
proposed amendments to its LEP (Local Environmental Plan) (Mulvey 2015). The companies

GOVERNMENT, ETHICS AND SUSTAINABILITY3
complying with this disclosure are required for reporting the details of any kind of significant
change in the expenditure, operations and revenue because of the climatic change
(Barkemeye et al. 2014). Furthermore, it is to note that Timberwell has development site in
Stanwell district that is located in the area that is rezoned as bushfire prone under LEP
amendment. The district that are bushfire prone and with developments in such areas are
required to meet high standards of bushfire safety that comprise of larger distance in between
the land and buildings along with the uses of fire retardant materials for the building of the
infrastructures. The company has also collaborated with the external town planning company
at the cost of 50,000 dollars along with a focus on decreasing the possible costs of LEP
requirements.
 Disclosure 205-3 Confirmed incidents of corruption and actions taken
Disclosure 205-3 is all about confirming the incidents of corruption as well as taking the
actions as required. According to the requirement of the disclosure, companies are needed to
disclose the total incidents of corruption in place (Michalczuk and Konarzewska 2018). With
the same, it is also required to have a disclosure about all the legal case file in against the
company as well as the employees dismissal. Furthermore, the stakeholders of Timberwell
Constructions are required to have an interest in demand of the company towards the number
of incidents as well as the occurrence of those incidents. It is to note that according to the
case study, the very company was once involved in the activities of bribing the officials of
the council projects for developing the application of the firm through the process of
approval. The result of the prosecution is still unresolved and also, there is a termination of
the partnership with twoof the consultants of the company.
 Disclosure 206-1 Legal actions for anti-competitive behaviour, anti-trust, and
monopoly practices