logo

Organizational Sustainability: Economic, Environmental, and Social Aspects

Prepare a sustainability assessment report based on GRI Sustainability Reporting Standards, addressing economic and environmental sustainability.

11 Pages2959 Words173 Views
   

Added on  2023-06-03

About This Document

This report discusses the economic, environmental, and social sustainability aspects of Timberwell Constructions company. It covers financial complications, environmental conservation measures, and human resource management. The report also highlights the impacts of the company's activities on the local community and the measures taken to prevent future occurrences of discrimination and corruption.

Organizational Sustainability: Economic, Environmental, and Social Aspects

Prepare a sustainability assessment report based on GRI Sustainability Reporting Standards, addressing economic and environmental sustainability.

   Added on 2023-06-03

ShareRelated Documents
ORGANIZATIONAL SUSTAINABILITY 1
The organization ethics and sustainability
City
School
Course
Professor
Date
Organizational Sustainability: Economic, Environmental, and Social Aspects_1
ORGANIZATION SUSTAINABILITY 2
ECONOMIC SUSTAINABILITY
Introduction
Each organization aims to achieve the set goals. Many shortcomings may be experienced
along the way that may inhibit the operations. It is the aspiration of every company to come up
with a lasting plan that will help them survive all this. The organization should also meet its
needs without necessarily compromising the needs of its direct or indirect stakeholder. Using the
case study of the Timberwell’s and abiding with the GRI standards of sustainability I was able to
construct a sustainability report of the Timberwells Constructions company in the economic
environmental and social aspects.
Economical sustainability
Financial complications and other risks associated with environmental change. These are
the factors beyond the control of the organization. A good example is weather changes in the
environment in which an organization exists. In our case study, the company by the name
Timberwell constructions deals with the building of apartment complexes. There may be some
prolonged rainy seasons, especially during the wet months. It may affect the construction
processes by the fact that in those periods the process is paused for some time (Flannigan et al.,
2016. Pp 59)
The financial impacts of this occurrence are that the contracted projects are not finished
on time. This will significantly taint the competence of the organization to a point even the
aspiring customer may choose to opt for another organization to do the construction (Prokopy,
Organizational Sustainability: Economic, Environmental, and Social Aspects_2
ORGANIZATION SUSTAINABILITY 3
2015. pp 181). The regulatory measure to this risk is coming up with means in which the
building can move on even when the rains fall. A good example is erecting some paper sheets to
prevent water from getting into contact with the surfaces in which building is taking place.
Construction schedules can also be fixed in line with the rain patterns to control this risk to a
reasonable extent. Some funds during the budgeting should be allocated to cater for this risk
when computing the expenses (Missimer, Robèrt, and Broman, 2017. Pp 42)
In the Timberwell organization, there was one confirmed incidence of corruption.
The case study states that Dennis had made a complaint that there had been five employees and
two partners who had bribed the council project officers to push the company’s development
applications in the process of approval by the council. The punishment measures taken were that
each of the employees was suspended without pay. They were to await the outcome of the
persecutions. The company also took the action of terminating the partnership contracts signed to
the two external consultants. The steps the organization decided to this effect was satisfiable as it
was enough to discourage future occurrences of this act. They also maintained the general
reputation of the company. The external contractors who could be conspiring to partake in the
corrupt practices were aware of the consequences that befell those who were convicted for the
act of bribing.
The report also states that several cases concerning unfair competition play by the
Timberwell company had been taken to the jury. In an example, the Australian competition and
consumer commission had brought a claim to the court of law concerning some instances of anti-
Organizational Sustainability: Economic, Environmental, and Social Aspects_3
ORGANIZATION SUSTAINABILITY 4
competitive conduct by the company. They had said that Timberwell company had told the
contractor that if they got involved in a competitive company, their operations with the company
would be significantly reduced all even withdrawn. (Eizenberg and Jabareen., 2017. P 68). it was
a move to discourage expansion of the establishing construction firm that would have posed a
competitive threat to the company. They wanted to be the only in control of the market but in an
unfair manner. The case is reported to be in the court wait for the final verdict.
The legal action against competition, in this case, will be the imposition of fines to the
company that will be found guilty of committing the act. (Hussen, 2018. Pp 0) The injured party
may bring a civil case to the court of law, and the implications would be that compensation will
be imposed on the company to make up for the damage caused. All these means will be effective
in preventing these cases as no company would want to face the financial costs that will come as
a consequence of these charges.
Environmental sustainability
In its operations, every organization is bound to carry out environmental conservation
measures. According to the energy statistics, much of the energy used by the companies are
mainly in the machinery that is required in the constructions processes. There are the new
machines that are brought to the company and are bound to conform with the technological
advancements. The GRI standards include the requirements where less fuel consuming
alternatives should be put in place to reduce the production costs. The method is also considered
to be environmentally friendly as less carbon is released to the atmosphere. This can cause harm
to the neighboring residents, and the National Environmentally firms recommend that measures
Organizational Sustainability: Economic, Environmental, and Social Aspects_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
GOVERNANCE, ETHICS, AND SUSTAINABILITY (A sustainability assessment on Timberwell constructions) Name of the university Student ID Code
|12
|3181
|472

Sustainability Assessment Report for Timberwell Constructions
|10
|2446
|312

Corporate Governance and Ethics: Assessment of Sustainability Reporting Standards of GRI
|11
|2168
|288

Sustainability Assessment Report for Timberwell Constructions
|10
|2812
|52

Governance, Ethics and Sustainability: Sustainability Assessment Report
|11
|2725
|281

Sustainability Assessment: Timberwell Constructions
|14
|3004
|88