Sustainability Assessment Report on Timberwell Constructions

Running head: SUSTAINABILITY ASSESSMENT REPORT ON TIMBERWELL
CONSTRUCTIONS
Sustainability Assessment Report on Timber well Constructions
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SUSTAINABILITY ASSESSMENT REPORT ON TIMBERWELL CONSTRUCTIONS1
Table of Contents
Introduction......................................................................................................................................2
Economic Sustainability..................................................................................................................2
Environmental Sustainability...........................................................................................................4
Social Sustainability........................................................................................................................6
Conclusion.......................................................................................................................................8
References......................................................................................................................................10

SUSTAINABILITY ASSESSMENT REPORT ON TIMBERWELL CONSTRUCTIONS2
Introduction
The companies adopt sustainability reporting standard developed by “Global Reporting
Initiative (GRI)” for analyzing the impact of the operations on the society (Abeydeera, Tregidge
and Kearins 2016). The main focus here is sustainable development and reporting for
upgradation of the private lands like Timber well Construction through compliance with the
consolidated GRI reporting standards developed in 2016. Timber well Construction is positioned
as a residential development organization that is involved in the business of developing
apartment complexes within the Stanwell Complex District. The company’s economic
sustainability is governed through reporting about the instances of corruption, climate change,
which are considered as a deviant behavior in terms of workplace ethics. Within the reports,
environmental sustainability occupies an important position in terms of energy consumptions.
Adhering to the environmental directives is assistance for preserving the diversity in the flora
and fauna. In addition, social sustainability evaluation is carried out in consideration to attrition,
discrimination along with community engagement (Bellantuono, Pontrandolfo and Scozzi 2016).
Economic Sustainability
Disclosures regarding the economic sustainability evaluation are employed by the
company in the process of mapping the outcomes towards the contribution of the economy. GRO
201 has accumulated an important position in the assessment of the economic outlook
comprising of size, operating sector and location. Based on the revelations of 2012, the company
in charge of reporting needs to expose conscious approach towards mentioning about the risk
and opportunities caused due to climate change, drastic change in operations, revenue and
expenses (Bradford et al. 2016). It also considers opportunity description as well as risks along

SUSTAINABILITY ASSESSMENT REPORT ON TIMBERWELL CONSTRUCTIONS3
with their segmentation and its related impact. In addition, calculation of the financial benefit is
vital for enhancing the awareness about the expenses behind risk mitigation. Aligning with the
case study, it can be said that incompliance with environmental standards is consistent from the
earlier stages of business. The company’s operations affected for a fauna and have also
drastically endangered coastal grassland of economical society (de Villiers and Maroun 2018). It
is necessary for this construction organization to report and develop a timeline in establishing a
system for gauging financial impacts of climate change risks causing from its activities. In
addition, there must be opportunities and risk classification resulting out from the climate
change. For dealing with such challenges related with the climate change conditions, Timber
well Construction should consider implementing techniques such as venting; carbon capture,
emission reduction and renewable energy as well associated certificates.
Disclosure 205-03 considers confirming the company’s involvement in corruption and
according taking necessary actions. Companies abiding by such standard require disclosing
information regarding overall conformed corruption cases (Dumay 2018). Cases related to the
termination occupy an important position in the reporting. Within this, the corruption cases
cannot be ignored. The stakeholders possess the liberty to gain familiarity with the organizational
practice. In depth analysis of the case study indicates the instances of corruption, bribes and
forcible applications, degrading the integrity of the organizational effectiveness. All these
external consultants and staff associated with corruption were all suspended. The organization
dismissed the partnership contracts with its outer consultants. Following such disclosure, Timber
well Company needs to make disclosure regarding terminated contracts (Ehnert et al. 2016).
Closure 206-1 has represented reporting requirements for companies associated with
anticompetitive behavior, antitrust and monopoly practices. Reporting companies are entrusted