Sustainability Assessment According to GRI

The main aim of the sustainability report is to establish a relationship to keep in par with the norms of GRI. The purpose and use of producing a sustainability report is to provide information regarding the internal and the external stakeholders of the company Timberwell Constructions, who are highly committed towards the case of environment. The provided information in the report is to permit the stakeholders both internal and external to analyze the function and activity of Timberwell Constructions and give them an additional opportunity to take decision in respect to the approach towards the sustainable development. The report provided confirms to the guidelines framed on the basis of GRI standards and the guidelines that are laid down by Global Reporting Initiative. The assignment aims to address the sustainability of the economy in respect to the disclosures including 201-2, 205-3 and 206-1. The disclosures 302-1, 304-2, and 307-1 in reference to the environmental sustainability are taken into consideration. Further, the report provides various recommendations as per the norms and framework of the GRI and concludes the report with its reference.

Running head: SUSTAINABILITY ASESSMENT ACCORDING TO GRI
SUSTAINABILITY ASESSMENT ACCORDING TO GRI
Name of the Student
Name of the University
Author Note

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SUSTAINABILITY ASESSMENT ACCORDING TO GRI
Executive summary
The main aim of the sustainability report is to establish a relationship to keep in par with the
norms of GRI. The purpose and use of producing a sustainability report is to provide information
regarding the internal and the external stakeholders of the company Timberwell Constructions,
who are highly committed towards the case of environment. The provided information in the
report is to permit the stakeholders both internal and external to analyze the function and activity
of Timberwell Constructions and give them an additional opportunity to take decision in respect
to the approach towards the sustainable development. The report provided confirms to the
guidelines framed on the basis of GRI standards and the guidelines that are laid down by Global
Reporting Initiative. The assignment aims to address the sustainability of the economy in respect
to the disclosures including 201-2, 205-3 and 206-1. The disclosures 302-1, 304-2, and 307-1 in
reference to the environmental sustainability are taken into consideration. Further, the report
provides various recommendations as per the norms and framework of the GRI and concludes
the report with its reference.

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SUSTAINABILITY ASESSMENT ACCORDING TO GRI
Table of Contents
Introduction......................................................................................................................................4
The GRI Standards..........................................................................................................................5
Disclosure of Economic Standards: Disclosure 200....................................................................5
Disclosure 201-2: Financial implications and other risks and opportunities due to climate
change......................................................................................................................................5
Disclosure 205-3: Confirmed incidents of corruption and actions taken................................6
Disclosure 206-1 Legal actions for anti-competitive behaviour, anti-trust, and monopoly
practices...................................................................................................................................7
Disclosure of Environmental Standards: Disclosure 300............................................................8
Disclosure 302-1: Energy consumption within the organization............................................8
Disclosure 304-2: Significant impacts of activities, products, and services on biodiversity. .9
Disclosure 307-1: Non-compliance with environmental laws and regulations.....................10
Disclosure of Social Sustainability: Disclosure 400..................................................................10
Disclosure 401-1: New employee hires and employee turnover...........................................11
Disclosure 406-1: Incidents of discrimination and corrective actions taken.........................11
Disclosure 413-1: Operations with local community engagement, impact assessments and
development programs...........................................................................................................12
Conclusion.....................................................................................................................................12
References......................................................................................................................................14

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SUSTAINABILITY ASESSMENT ACCORDING TO GRI
Introduction
Timberwell Constructions framed report includes the approach and the initiative that are
to be addressed by Timberwell Constructions in order to make it look more sustainable. The
sustainability report by the Timberwell Constructions considers the framework of GRI to explain
and demonstrate its purpose, further it adheres to the guidelines given in the disclosures. The
sustainability report includes various aspects including social sustainability, environmental and
the economic and it confirms to the specific disclosures 200, 300 and 400. The report also
addressed to the framework of GRI and its standards. The report is divided into mainly three
sections which provide information concerning the issues and provides a discussion on the
sustainability approach undertaken by the Tiber Wall construction. The reports provide an
evaluation of the negative and the positive impacts of the company and it also address them in
accordance to the framework of GRI (Globalreporting.org, 2018).
Considering the present scenario of the Timberwell Constructions, it is necessary to
provide information about the stakeholders of the Timber Wall in its sustainability report. The
company is committed towards sustainability in all its ways. The sustainability report of the
company complies and adheres with all the requirements of the GRI framework (GRI, G. R. I.
2013). The sections of the report addresses to the framework of GRI in respect to Economic,
Social sustainability and Environment.
The standards of GRI
The report adheres to the requirements of reporting for the disclosure 201-2, 205-3 and 206-1

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Disclosure 200: Disclosure of Economic Standards
Disclosure 201-2: Financial implications and other risks and opportunities due to climate
change
The GRI Disclosure 201-2 requires statements in respect to the opportunities and threats that are
posed by the climate change, it has the potential to incorporate substantial changes in the
operations of the company, its revenue and the expenditure of the company (Cramer 2017).
It includes:
a) Information and explanation about the risks and opportunity along with its classification
in respect to physical, regulatory and because of the climate change their lays risks n
regarding the bush fires in the location of the proposed site of Timberwell construction.
There also lies a physical risk because of the effects of change in climate (Etzion and
Ferraro 2010).
b) The company needs to address the safety standards to overcome the impacts associated
with the risks and the opportunities. It can meet its standards to avoid problems and
issues regarding bushfires and its loss and other hazards. The company might take huge
looses considering the regions of the proposed site.
c) The company has been charged with $50,000.00 in order to prepare a plan that is
environmentally sustainable by the town planning organization.
d) The methods that the used by the company to manage the risks and the opportunity are its
mitigation techniques and the plans which have been initiated. The external firms are
engaged to formulate and execute the mitigation plans.

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e) The cost involved managing the risks and the opportunity is around 4 million dollars in
order to comply with the environment sustainability.
Disclosure 205-3: Confirmed incidents of corruption and actions taken
Timberwell Constructions states data regarding the incidents of corruption activities that were
taken by the company in respect to the Disclosure 205-3. This section of the report provides the
information (Fernandez-Feijoo, Romero and Ruiz 2014).
a) Nature of the number of incidents occurred: There have been allegations concerning
public corruption scandal that were under the prosecution. However, there were no as
such issues of mis conduct and mal practices confirmed in the company.
b) Number of incidents which dismissed employees for corruption: the employees of
the company who were suspected of corruption had to be discharged from the
company (Ioannou and Serafeim, 2017). However, there were no confirmed
incidents which state the dismissal of employees.
c) Incidents in which the contracts were terminated with the business partners because
of the violations and the allegation of corruption: n has been dismissed from the other
eternal contractors who were suspected of corruption and the contracts had to be
terminated.
d) Public legal action taken for the corruption against the employees and the
organization during the time period: There are instances in which five of the
company’s employees and the other two consultants accused of bribery, they were
accused and were suspended till the end of prosecution, and the external consultant’s
contracts were terminated (Reynolds and Yuthas 2018).

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Disclosure 206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly
practices: This section provides information about the legal action taken for the mal practices,
misconduct behavior and anti-competitive behavior as per the Disclosure 206-1 Legal actions for
mal practices, misconduct behavior and anti-competitive behaviors. The necessary information is
stated below (Globalreporting.org 2018):
a) The number of actions that were pending or the action that were completed during the
period of reporting in respect to the anti competitive actions and violating the monopoly
legislation and its anti-trust: The Company has been allegedly accused of getting
involved in the misconduct behavior and misusing the market power. It was accused of
creating conflicts with the contractors and the suppliers. They have been threatened to
end the contract with the company if there were any new company setting up in the area.
The ACCC (Australian Competition and Consumer Commission) have sued with the
federal court which will be heard around in four months.
b) The Federal court listed the case and the hearing will be done in four months.
The result of the legal actions inclusive of decisions and judgements:
Disclosure of Environmental Standards: Disclosure 300
This section provides a description about the environment sustainability of the company and the
planning of the company to overcome the issues that arise as an outcome of the operations.
These statements are stated as per the disclosures 302-1, 304-2 and 307-1(Globalreporting.org
2018).

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Disclosure 302-1: Energy consumption within the organization
This section provides information at the energy consumption by the Timberwell constructions.
The sources in which Timberwell Construction consumes energy have been classified in this
section (Globalreporting.org 2018).
a) Non renewable sources: The total fuel consumption amounts to 1.0 Gigajoules per annum
by the Timberwell Constructions.
b) Renewable sources: Timberwell Construction consumes 0.5 Gigajoules from the
renewable resources per year.
c) Electricity consumption: Timberwell Construction consumes total energy consumption
calculated 2.0 Giga Joules.
d) Energy consumption within the organization: The energy consumption is calculated to be
3.5 Giga joules per annum.
Timberwell Construction plans to reduce its Non renewable energy usage and plans to
increase its usage from renewable sources by around 50 %( Globalreporting.org, 2018).
The company efficiently utilizes the energy and plans to increase its efficiency in the
years to come.
Disclosure 304-2: Significant impacts of activities, products, and services on biodiversity
This section of the report provides information concerning the impacts that has been
created by the services and the activities of the company. It is as per the disclosure 304-2.
a. Indirect and direct impacts on biodiversity(Ioannou and Serafeim, 2017):
One of the projects of the company has impacted the biodiversity and has
significantly impacted the house of species due to its constructions; by habitat

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conversion it has also affected the biodiversity. The project development was
significantly impacted the environment in various ways including:
a) Clearing of coastal grasslands around 0.46 hectares and therefore it were
endangered.
b) It has impacted the environment by habital conversion of the Wallum Sedge
Frogs because of this project.
However, the company made plans to reverse the grass habitat and it also plans to
reconstruct the grassland, the cost of which is estimated to be around $ 440,000.00.
The company has also formulated a report of Environmental Impact Assessment and
taken decision to take steps on the habitat of Wallum Sedge Frogs(Ioannou and
Serafeim, 2017).
Disclosure 307-1: Non-compliance with environmental laws and regulations
This section provides information about the financial costs of the company due to its
non compliance with the laws and legislation of the environment. It also informs of
nature of compliance of the company with which it is involved with in order to
overcome the issues (Jenkins and Yakovleva 2016).
The organization was charged a fine of around $200,000.00 because of the decrease
of flora and fauna and decreasing the endangered species. It was asked to undertake
programme of around $440,000.00. Further, the organization was told to rehabilitate
within the norms and the framework and conduct an environmental audit as per the
local Environment Plan (Reynolds and Yuthas 2018).

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SUSTAINABILITY ASESSMENT ACCORDING TO GRI
Disclosure of Social Sustainability: Disclosure 400
This section of the report provides information about the social sustainability of the company and
the report is as per the disclosure 401-1, 406-1 and 413-1(Globalreporting.org 2018).
Disclosure 401-1: New employee hires and employee turnover
This section provides information about hiring the employees and the employee turnover.
According to the report from the organization, it employees around 59 staffs, all the hired staff
are males. It will be employing 12 new employees as there has been a turnover. 17 employees
have left the company and the turnover is 29%. The employee turnover has been on the grounds
of alternate options and the relocation (Etzion and Ferraro 2010). However, the organizations
have formulated various policies to overcome the issues faced.
Disclosure 406-1: Incidents of discrimination and corrective actions taken
This section of the report discusses about the incidents of discrimination in the company. It
covers the following areas:
a. Total number of events in which discrimination took place. There has been a case in
which Dennis McCabe had filed a case and resigned from the company due to
discrimination caused against him by the other co-workers due to the reason because the
person was over 50 years of age (Etzion and Ferraro 2010).
b. Incidents and actions taken: The organization was complied with the decisions of Fair
Works Commission and given compensation with the sum $4,400.00. Moreover, the
company is undertaking policies and programs to initiate a friendly work environment
and friendly tactics to address such problems and incidents of discrimination in the
workplace.

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Disclosure 413-1: Operations with local community engagement, impact assessments and
development programs.
This section of the report provides information about the community engagement, the impacts of
the assessments and the various development programs that were undertaken by the
company(Fernandez-Feijoo, Romero and Ruiz 2014). It prides a description about the activities
and the actions that has been taken by the company including the Environment Impact
assessment, and other programmes of the local communities and the projects that were developed
by the company to promote social housing concepts for catering to the needs and requirements of
the local community people. The company collaborated with Stanwell council in order to comply
with the amendments as per the Local Environmental Plan. The company has provided an EIA
report which agrees to comply with the guidelines of environment in upcoming projects (Buhr,
Gray and Milne 2014). It plans to mitigate the concerns about the environment and decides to
implement mitigations in week’s time. The initiatives are to be implemented and will be
monitored to comply with the council’s guidelines (Cramer 2017).
Conclusion
Therefore from the above analysis, it can be concluded that Timberwell construction is a
responsible company and its goal is to promote sustainability with its operations and actions. The
report provides information about the internal and the external stakeholders of the organization.
It gives detailed information about the position of the company, its operations, practices and the
future goals as per the GRI standards. The report provides information about the GRI disclosures
and informs about the allegations it provides an insight to environment impact policies Various

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drawbacks has been identified, moreover, this helps to overcome the issues by complying with
sustainability standards.

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