Timberwell Construction Sustainability Report

Introduction
This report is prepared to disclose Timberwell construction sustainability as a corporate measure
as guided by GRI (Global Reporting Initiatives), 2016. The reporting initiatives advocates the
assessment of the effects of firm’s activities on the society, economy, and the environment. In
addressing the sustainability report, the company is committed to disclosing specific concerns to
the environment, social, and economic standards. The economic sustainability of the company is
revealed in issues relating to corruption, laws relating to competition, and implications of finance
regarding climate change. The operations of the company are assessed on its impact on the
compliance status on matters of environmental regulations, energy efficiency consumption, and
waste reduction. The report further reveals the social sustainability of the company in regard to
measures of hiring employees, incidence of discriminations and employees turnover.
Economic Sustainability
Disclosure 201-2: this disclosure is about the risk associated with monetary implications on a
company as a result of a change in climate conditions from the business operations. Timberwell
construction gives a compliance report as caused by the changing climate on the various risk or
opportunity associated by operations of the company. Disclosure of the company revealed that
the company was penalized for ecological destruction of the environment clearance by the
company to allow constructions.
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The company is, therefore, tasked by this disclosure, the number of corruption cases in the
company. The legal cases regarding employee dismissal are essential to the stakeholders
Disclosure 205-3 this disclosure is concern with confirmation of corruption cases and taking
actions as required. of the company in gauging the response to such incidence by the
management. Timberwell is engaged in a public relation campaign to improve the image of the
through a media release that is aimed to enhance the corporate image.
Timberwell is responsible for disclosing the number of cases that have involved the
employees being dismissed in the company due to disciplinary issues. The company revealed the
employees who engaged in shady deals with the partners of the company council projects. The
company further explains the need to terminate their contracts resulting from this violation of
employment contracts.
Disclosure 206-1: depicts the reporting of in regard to the legal rules affecting the
company reporting framework. Such rules deal with the competition among firms, anti-trust and
laws relating to monopoly behaviour. Legal laws against competitive behaviour or monopoly
practices can create an impact on the choice of the consumer, pricing, and other factors, which is
essential to efficient markets. (VanGrembergen and De Haes 2017). Timberwell was found by
the Australian competition and consumer commission to be involved in monopoly practices anti-
competitive behavior. Through a case filed by ACCC regarding the misuse of market power and
prevention of new entrants to the market of the district of Stanwell, the case should be disclosed
in the sustainability report.

Environmental Sustainability
Disclosure 302-1 deals with energy consumed in an organization. The organization disclosure on
the use of energy sources is essential to the stakeholders. Timberwell company have various
sources of energy such as fuel consumptions, construction power, renewable and other non-
renewable sources of energy. The main company source of energy is power. This power is
derived from either renewable or non-renewable energy. Non-renewable energy is categorized
into the furnace, fuel from boilers, and emission from vehicles. This source of power is derived
from activities generated by fuel like gas from mining, coal gas, and extraction from oil. The
company has various measures of corrective strategies in protecting the environment against
pollution. The company’s consumption of non-renewable sources is 1 gigajoule and 0.5
gigajoules from renewable sources. The consumption of electricity is 2 gigajoules making the
total consumption of the firm to 3.5 gigajoules. The disclosure from the firm as released from the
media claims that the company has a planned program to increase the energy consumption from
renewable sources to about 50% of total energy consumed in three years to come.
Disclosure 304-1 deals with the Important influence of the activities of the company on
biodiversity. The company values its biodiversity in its construction activities, especially within
its protected areas. The disclosure reports of the company on biodiversity issues indicates the
monitoring activities of the firm to reduce the outcome risk from this issue. The firm also can
manage the signs of biodiversity and reduce challenges of mismanagement.
The media release disclosure of the company states about the company commitment to
undertake measures of assessing the impact of their proposed residential projects in the
community. This has been possible by involving the community in the planning and setting aside
expenditure funds for programs for the community. This planned development involves
initiatives such as meetings with the locals, environment impact assessment, and efforts to meet
affordable housing in Stanwell district. This disclosure, as revealed by the company, lays the