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Sustainability Assessment for Timberwell Constructions

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Added on  2023/06/05

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AI Summary
The sustainability report aims at building consumer relationships keeping at par the GRI norms. The report will address the economic, environmental and social sustainability with reference to disclosures 201-2, 205-3, 206-1, 302-1, 304-2, 307-1, 401-1, 406-1, and 413-1. The report has been prepared with the specific standards laid down by the Global Reporting Initiative, and will comply with the requirements of the GRI framework. The report will evaluate the positive and negative impacts of the organisation and address them according to the GRI Frame work.

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

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2SUSTAINABILITY ASESSMENT
Executive summary:
The sustainability report aims at building consumer relationships keeping at par the GRI norms.
The necessity to produce a sustainability report for Timberwell Constructions is to inform the
internal and the external stake holders that Timberwell Constructions is committed to the cause
of the environment. The information provided in this report will allow the internal and the
external stakeholders to understand the role played by Timberwell Constructions and provide an
opportunity to make decisions regarding the approach to sustainable development. The report
has to be framed on the basis of GRI standards and will conform to the guidelines laid down by
the Global Reporting Initiative. The report will aim to address the economic sustainability with
reference to disclosures 201-2, 205-3 and 206-1. The environmental sustainability with reference
to disclosures 302-1, 304-2, and 307-1 will be addressed and the social sustainability with
reference to disclosures to 401-1, 406-1, and 413-1 will be taken into considerations to prepare
the sustainability report. Finally the report will make recommendations according the GRI norms
and conclude the report within the frame work of GRI.
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3SUSTAINABILITY ASESSMENT
Table of Contents
Introduction......................................................................................................................................4
The GRI Standards..........................................................................................................................6
Disclosure of Economic Standards: Disclosure 200....................................................................6
Disclosure 201-2: Financial implications and other risks and opportunities due to climate
change......................................................................................................................................6
Disclosure 205-3: Confirmed incidents of corruption and actions taken................................7
Disclosure 206-1 Legal actions for anti-competitive behaviour, anti-trust, and monopoly
practices...................................................................................................................................8
a. Number of legal actions pending or completed during the reporting period regarding
anti-competitive behavior and violations of anti-trust and monopoly legislation in which the
organization has been identified as a participant:....................................................................8
b. Main outcomes of completed legal actions, including any decisions or judgments.....9
Disclosure of Environmental Standards: Disclosure 300............................................................9
Disclosure 302-1: Energy consumption within the organization............................................9
a. Total fuel consumption within the organization from non-renewable sources in joules. .9
b. Total fuel consumption within the organization from renewable sources in joules......9
c. Total electricity consumption in Joules:.........................................................................10
d. Total energy consumption within the organization, in joules:....................................10
Disclosure 304-2: Significant impacts of activities, products, and services on biodiversity 10
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a. Nature of significant direct and indirect impacts on biodiversity...................................10
Disclosure 307-1: Non-compliance with environmental laws and regulations.....................11
a. Total monetary value of significant fines:......................................................................11
Disclosure of Social Sustainability: Disclosure 400..................................................................11
Disclosure 401-1: New employee hires and employee turnover...........................................12
Disclosure 406-1: Incidents of discrimination and corrective actions taken.........................12
a. Total number of incidents of discrimination during the reporting period:.....................12
b. Status of the incidents and actions taken.....................................................................12
Disclosure 413-1: Operations with local community engagement, impact assessments and
development programs...........................................................................................................13
Conclusion.....................................................................................................................................13
References......................................................................................................................................15
Bibliography..................................................................................................................................16

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Introduction
The sustainability report framed by Timberwell Constructions is a guide to the
approaches and initiatives that will be undertaken and to make the company more sustainable in
its outlook. The Report will consider the GRI framework to explain and propose the
sustainability report and will adhere to the guidelines mentioned in the disclosures. The material
of the report will include the aspects of economic, environmental and social sustainability and
will be conforming to the specific disclosures mentioned in the 200, 300 and 400 and will
address the topic specific standards in the GRI frame work. The report will be divided into three
different sections which would elaborate the issues and discuss the sustainability approach taken
by the Tiber Wall Constructions. The report will evaluate the positive and negative impacts of
the organisation and address them according to the GRI Frame work (Globalreporting.org,
2018).
Given the current scenario of Timberwell Constructions, it is essential to provide a
sustainability report to inform the internal and the external stake holders of Timber Wall
Constructions, that the organization is committed to the cause of sustainability in all terms. The
report has been prepared with the specific standards laid down y the Global Reporting Initiative,
and will comply with the requirements of the GRI framework(Hahn & Kühnen, 2013). The
sections to follow will be addressed according to the GRI framework in order of Economic,
Environmental and Social sustainability (Berinde & Andreescu, 2015).
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6SUSTAINABILITY ASESSMENT
The GRI Standards
Disclosure of Economic Standards: Disclosure 200
This report complies with all reporting requirements for the disclosure of 201-2, 205-3 and 206-1
Disclosure 201-2: Financial implications and other risks and opportunities due to climate
change
GRI Disclosure 201-2 requires statements regarding the Risks and opportunities posed by
climate change that have the potential to generate substantive changes in operations, revenue, or
expenditure, which includes
a. Description of the risk or opportunity and its classification in terms of physical,
regulatory or other:
Due to climate change there have been risks of bush fires in the region where Timberwell
Construction has a proposed site. There is physical risk due to the effect of climate change.
b. The probable impacts associated with the risks or opportunities:
The organization will need to meet higher safety standards to avoid any loss and hazards
due to bushfires .Timberwell might face huge losses since the region of the proposed site
includes areas where
c. The financial implications of the risk or opportunity before action is taken: $50,000.00
has been charged by the Town planning organisation to prepare a environmentally
sustainable plan for the project.
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7SUSTAINABILITY ASESSMENT
d. The methods used to manage the risk or opportunity: proper mitigation techniques and
plan has been initiated and external firms have been involved to assess and formulate
mitigation plans.
e. The cost of actions to manage or mitigate the risks or opportunity. This would cost
Timberwell Constructions around 4 million dollars to comply with the environmental
sustainability.
Disclosure 205-3: Confirmed incidents of corruption and actions taken
In accordance with the Disclosure 205-3, Timberwell Constructions provides the
information regarding incidents of corruption and the subsequent actions taken by the
organisation. The following section will deliver the associated information accordingly
a. Total number and nature of confirmed incidents of corruptions:
There have no confirmed instances of corruption or mal practices in the organisation.
However there have been allegations of a public corruption scandal which is under
prosecution.
b. Total number of confirmed incidents in which employees were dismissed or disciplined
for corruption:
There had been no such confirmed incidents of dismissal of employees owing to
malpractices, but the employees suspected of corruptions have been discharged of duty
without pay till prosecution ends.
c. Total number of confirmed incidents when contracts with business partners were
terminated or not renewed due to violations related to corruption:

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8SUSTAINABILITY ASESSMENT
There have been no confirmed incidents of corruption with business partners, but the
external contractors suspected of corruption and mal practices and have been relieved of
duty and their contract has been terminated.
d. Public legal cases regarding corruption brought against the organization or its employees
during the reporting period and the outcomes of such cases:
There had been one single allegation of corruption related to five employees of the
organization and two of the alleged external consultants were suspected to be involved in
bribery. The employees have been suspended without pay till end of prosecution. The
contracts have been terminated with the external consultants.
Disclosure 206-1 Legal actions for anti-competitive behaviour, anti-trust, and monopoly
practices
In accordance with the Disclosure 206-1, Timberwell Constructions provides the
information regarding legal actions related to anti-competitive behaviour, anti-trust issues, and
monopoly practices. The Disclosure 206-1 of Timberwell Constructions will provide the
necessary information in this section in two sections as follows:
a. Number of legal actions pending or completed during the reporting period
regarding anti-competitive behavior and violations of anti-trust and monopoly
legislation in which the organization has been identified as a participant:
There is a single case of anti-competitive behaviour that was alleged against Timberwell
Construction which accuses the organisation to be involved in anti-competitive conduct and
misusing their market power. It has been alleged that the organisation has been involved in
creating conflicts with its suppliers and contractors and have threatened to reduce or end their
contract with Timberwell Construction if they find them being involved with a new
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9SUSTAINABILITY ASESSMENT
development company coming up in the area. The Australian Competition and Consumer
Commission (ACCC) have listed a case with the Federal Court which is to be heard in four
months time.
b. Main outcomes of completed legal actions, including any decisions or judgments:
The case has been listed with the Federal court and the hearing is due in four months time.
Disclosure of Environmental Standards: Disclosure 300
This section of the report includes the statements that are made with accordance to disclosure
302-1, 304-2 and 307-1. This section will discuss about the environmental sustainability of
Timberwell Constructions and the way he company plans to mitigate the issues arising due to
their operations (Globalreporting.org, 2018).
Disclosure 302-1: Energy consumption within the organization
This section will present with the information regarding consumption of energy by Timberwell
Constructions. All sources of energy being consumed by Timberwell Construction will be
classified in the report.
a. Total fuel consumption within the organization from non-renewable sources in
joules:
The total fuel consumption from non-renewable resources by Timberwell Constructions amounts
to 1.0 Gigajoules per annum.
a. Total fuel consumption within the organization from renewable sources in joules:
The total fuel consumption from renewable resources by Timberwell Construction is calculated
at 0.5 Gigajoules per year.
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10SUSTAINABILITY ASESSMENT
b. Total electricity consumption in Joules:
The total electricity being consumed by Timberwell Construction over a year is calculated at 2.0
Giga Joules.
c. Total energy consumption within the organization, in joules:
The total energy consumption of Timberwell Construction can be calculated as 3.5 Giga joules
per annum.
Timberwell Constructions looks forward to reduce its Non renewable energy consumption and
raise the energy consumption from renewable energy resources by 50%. Timberwell
Construction is a responsible energy efficient organisation and looks forward to become more
energy efficient in the next financial year (Globalreporting.org, 2018).
Disclosure 304-2: Significant impacts of activities, products, and services on biodiversity
This section will provide the information regarding the impacts created by the activities and
services of Timberwell construction. The report is in compliance with the clauses of the
disclosure 304-2.
a. Nature of significant direct and indirect impacts on biodiversity:
The nature of impact created by one of the projects of Timberwell construction has affected the
biodiversity by habitat conversion and reduction of species due to construction. The significant
impacts due to the development of the project have affected the environment in the following
ways. The incidents are as follows:
Clearing of 0.45 hectares of coastal grasslands that are critically endangered.
Conversion of habitat of Wallum Sedge Frogs due to a residential project at Otford
Park development site.

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The grassland habitat can be reversed and Timberwell has made adequate plans to reconstruct the
grassland at an estimated cost of $ 440,000.00. The organisation has also formulated an
Environmental Impact Assessment report and has decided to act on the habitat of the Wallum
Sedge Frogs in their project site.
Disclosure 307-1: Non-compliance with environmental laws and regulations
This section will inform about the financial costs attached to the company due to non compliance
with environmental laws and regulations and state the nature of compliance the organisation is
involved with, to mitigate the issues. It will be discussed in the following sections:
a. Total monetary value of significant fines:
The company has been charged with a fine of $200,000.00 due to reduction of endangered
species of flora. The company has been asked to initiate a rehabilitation programme which
would cost the company an amount of $440,000.00. the company has been asked to
rehabilitate within the framework and perform environmental audit in accordance with the
LEP or the Local Environmental Plan.
Disclosure of Social Sustainability: Disclosure 400
This section of the report will look into the social sustainability of the Timberwell Construction
and will report on the basis of the disclosure 401-1, 406-1 and 413-1 (Globalreporting.org,
2018).
Disclosure 401-1: New employee hires and employee turnover
The report regarding new employee hires and employee turnover will be notified here.
As per reports from Timberwell Constructions the company employees 58 staffs and are only
male. The company will hire 12 new employees to cover up the deficit of the 17 employees those
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12SUSTAINABILITY ASESSMENT
have left the company. The employee turnover is 29% since 17 employees have left the
organisation on grounds of relocation or alternate options. The rate of turnover is quite high with
29% of the employees leaving the organisation. The company has formulated policies to address
these issues.
Disclosure 406-1: Incidents of discrimination and corrective actions taken
This disclosure will report the event of discrimination in the organisation. The report will cover
the following perspectives
a. Total number of incidents of discrimination during the reporting period:
There has been only one case of discrimination in the organisation. The case been filed by
Dennis McCabe who resigned due to discrimination against him by his coworkers on the grounds
of his age. He was the only employee over 50 years of age in the organisation.
b. Status of the incidents and actions taken
The company has complied with the Fair Works Commission’s decision, and has compensated
the worker with $4,400.00. The incident is no longer subject to action and the company is trying
to bring employee friendly policies to check such issues of discrimination.
Disclosure 413-1: Operations with local community engagement, impact assessments and
development programs.
This section will provide information regarding the community engagement the impact
assessments and the development programs undertaken by the organisation.
The sections will broadly discuss about the activities of Timberwell Constructions over the
reporting period. Several initiatives have been taken by the Organisation which includes the
Environmental impact assessments, programmes based on the local communities, developing
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13SUSTAINABILITY ASESSMENT
projects that would promote social housing concepts for catering the needs of the local people.
The organisation has also joined hands with Stanwell council to comply with the proposed
amendments that are to be made according to the Local Environmental Plan. It has presented an
EIA report and has agreed to adhere to the environmental guidelines in its existing and future
projects. The organisation has been working to mitigate the environmental concerns arising out
of its operation. The organisation has also decided to implement the mitigations in six weeks
time and address the bushfire zones to reduce the environmental impact. These initiatives will be
implemented and monitored along the line to comply with council’s guidelines and be a
responsible organisation of the country.
Conclusion
Timberwell Constructions is a responsible organisation and aims to promote sustainability
through its operation. This sustainability report has been presented to provide clarity to the
internal and the external stake holders who are esteemed partners of the company. The report
gives us a detailed overview of the company position, its practices and its future objectives with
accordance to the GRI standards. The report complies with the GRI disclosures and provides
information that would allow clarity to all parties by removing any confusing or allegations made
thereof. The GRI standards are global standards to assess the sustainability and are a legitimate
evidence of accountability. The report also gives an insight into the organisational policies and
the environmental impacts that have risen from operations of the organisations. Though there are
several drawbacks that have been identified through in this report, the report will help to mitigate
those issues and allow for better compliance with the guidelines and norms of sustainability.

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References
Berinde, M., & Andreescu, N. A. (2015). Reporting corporate social responsibility according to
GRI standards. The Annals of the University of Oradea, 17.
del Mar AlonsoAlmeida, M., Llach, J., & Marimon, F. (2014). A closer look at the ‘Global
Reporting Initiative’ sustainability reporting as a tool to implement environmental and
social policies: A worldwide sector analysis. Corporate Social Responsibility and
Environmental Management, 21(6), 318-335.
Globalreporting.org (2018). GRI Standards Download Homepage. [online] Globalreporting.org.
Available at: https://www.globalreporting.org/standards [Accessed 9 Oct. 2018].
GRI, G. R. I. (2013). Equator principles.
Hahn, R., & Kühnen, M. (2013). Determinants of sustainability reporting: a review of results,
trends, theory, and opportunities in an expanding field of research. Journal of cleaner
production, 59, 5-21.
Leipziger, D. (2017). The corporate responsibility code book. Routledge.
Mota, B., Gomes, M. I., Carvalho, A., & Barbosa-Povoa, A. P. (2015). Towards supply chain
sustainability: economic, environmental and social design and planning. Journal of
Cleaner Production, 105, 14-27.
Vigneau, L., Humphreys, M., & Moon, J. (2015). How do firms comply with international
sustainability standards? Processes and consequences of adopting the global reporting
initiative. Journal of Business Ethics, 131(2), 469-486.
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Bibliography
Cho, C. H., Laine, M., Roberts, R. W., & Rodrigue, M. (2015). Organized hypocrisy,
organizational façades, and sustainability reporting. Accounting, Organizations and
Society, 40, 78-94.
Epstein, M. J. (2018). Making sustainability work: Best practices in managing and measuring
corporate social, environmental and economic impacts. Routledge.
Herbohn, K., Walker, J., & Loo, H. Y. M. (2014). Corporate social responsibility: the link
between sustainability disclosure and sustainability performance. Abacus, 50(4), 422-459.
Ioannou, I., & Serafeim, G. (2017). The consequences of mandatory corporate sustainability
reporting.
Kaur, A., & K. Lodhia, S. (2014). The state of disclosures on stakeholder engagement in
sustainability reporting in Australian local councils. Pacific Accounting Review, 26(1/2),
54-74.
Siew, R. Y., Balatbat, M. C., & Carmichael, D. G. (2013). The relationship between
sustainability practices and financial performance of construction companies. Smart and
Sustainable Built Environment, 2(1), 6-27.
Vigneau, L., Humphreys, M., & Moon, J. (2015). How do firms comply with international
sustainability standards? Processes and consequences of adopting the global reporting
initiative. Journal of Business Ethics, 131(2), 469-486.
Zutshi, A., & Creed, A. (2015). An international review of environmental initiatives in the
construction sector. Journal of cleaner production, 98, 92-106.
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