Sustainability Assessment Report: Timberwell Constructions

Sustainability Assessment Report: Timberwell Constructions 1
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Sustainability Assessment Report: Timberwell Constructions
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Sustainability Assessment Report: Timberwell Constructions 2
Sustainability Assessment Report: Timberwell Constructions
Executive summary
This report assesses Timberwell`s economic, environmental, and social sustainability in
regards to the consolidated sustainability reporting standards of Global Reporting Initiative. It
discusses numerous material topics in regards to Timberwell construction and GRI Standards.
More so, it examines the current situation of Timberwell Constructions and the management
approach used by the company to solve these issues. Assessment of the impacts of the
company`s operations is carried out referring to the disclosures of energy consumption,
environmental regulations non- compliance and impact of the activities of the company on bio
diversity. Social sustainability is also assessed referring to the incidents of discrimination,
operations and attrition.
Introduction
Various companies in different parts of the world are usually required to present all the
issues they are experiencing in accordance to the GRI standards (Barkemeyer et al, 2015). This
form of assessment helps companies in examining the effects of its operations on the
environment, society and economy. This paper provides a sustainability assessment report for
Timberwell Construction. It discusses its economic sustainability by referring to multiple
disclosures such as legal actions undertaken by the company towards anti-competitive practices,
corruptions and financial imputations as well as opportunities and risks due to changes in
climate, (Doh et al, 2016).
A. Economic Sustainability

Sustainability Assessment Report: Timberwell Constructions 3
Economic sustainability of Timberwell Constructions is assessed referring numerous disclosures.
i) Disclosure 201-2 Financial implications and other risks and opportunities due to climate
change.
This disclosure examines the company`s need to report substantive variations in its
expenditures, revenue, and operations due to opportunities and risks brought about by climatic
changes. Additional traits relating to the magnitude of both direct and indirect impacts are
required to be reported by the company to facilitate compiling of the information (Fernandez-
Feijoo et al, 2014). When there is no system for computing financial implications and revenue
projections, there is need for the organization to report its plan and timeline. Currently, there are
attempts made by Timberwell in compliance with the amendments proposed as per its Local
Environment Plan (LEP). Referring to global warming and climatic changes, Stanwell Council is
looking forward to make new amendments of its LEP specifically to reallocate areas like
"bushfire". This amendment will start operating in one month and two weeks. Higher bushfire
safety standards such as use of fire resistant building materials and maintenance of long distance
between land boundaries and two structures are required to be met by Timberwell Constructions.
To fully operate in relation to the new standards as per the new regulation, Timberwell will have
to incur 4 million dollars. The case study analysis shows that the company was fined for
endangering of the ecological community coastal grassland by its operations. The attributes of
fauna and flora were destroyed by the construction made by the company on the cleared area.
Considering the above, disclosure need to be implemented especially about the criteria that can
be used by the organization to manage risks and opportunities such as use of carbon offsets,
improving energy efficiency, less carbon footprint enthusiasm use and fuel switching. With
Stanwell Council, the service costs of the firm on primary planning of the town to effectively

Sustainability Assessment Report: Timberwell Constructions 4
control the work and application for development are $50000. Effective planning will enable
Timberwell to reduce these costs (Du Plessis, et al, 2018).
ii) Disclosure 205-3 Confirmed incidents of corruption and actions taken
Disclosure 205-3 requires the company to present the confirmed corruption incidents and
the strategies being used by the company to overcome them. In the stakeholders’ interests, it is
vital for the company to disclose such incidents as well as its response to such events. As per this
disclosure`s requirements, the reporting company is required to present the total number of the
incidents of corruption. Disclosure about any form of law suit against the company and dismissal
of employees is also required (Ruiz-Lozano & Nieto, 2018). Timberwell faced allegations of
bribing the officials of the council projects for its development application during the process of
approval. The results of the prosecution are still pending. This disclosure demands the
organization to reveal these allegations in the report. Additionally, disclosures on ending of the
contracts with the outside consultants need also to be made (Hoffman et al, 2014).
iii) Disclosure 206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly
practices
Disclosure 206-1 requires an organization to report legal procedures used for monopoly
behaviors and the ones against competition as well as anti-trust. Generally, it demands for
reporting of any legal procedures both against the organization for anti-competitive behavior and
antitrust. Organizations are demanded to disclose the aggregate number of legal actions and
outcomes including the decisions and judgements. Case Study analysis portrays that Australian
Competition and Consumer commission(ACCC) charged Timberwell Constructions with claims
of participating in activities of anti-competitive behavior and monopoly practice violations