Sustainability and Governance Ethics Assessment Report - MBA402

This report provides a comprehensive sustainability assessment of Finnegan Constructions, adhering to the GRI Sustainability Reporting Standards. The report analyzes economic sustainability, including financial implications of climate change, confirmed incidents of corruption, and legal actions related to anti-competitive behavior. It also examines environmental sustainability, focusing on energy consumption, impacts on biodiversity, and compliance with environmental laws and regulations. The assessment further delves into social sustainability, considering employee hiring, turnover, and discrimination incidents. The report provides detailed data and analysis for each disclosure, offering insights into Finnegan Constructions' performance and commitment to sustainability across various dimensions. The report utilizes data from the provided case study and the GRI standards to evaluate the company's practices and identify areas for improvement.

Running Head : ASSESSMENT ON SUSTAINABILITY AND GOVERNANCE ETHICS
ASSESSMENT ON SUSTAINABILITY AND GOVERNANCE ETHICS
Name of the Student
Name of the University

ASSESSMENT ON SUSTAINABILITY AND GOVERNANCE ETHICS 1
Table of Contents
Introduction......................................................................................................................................3
Company Overview:........................................................................................................................3
The Global Reporting Initiative Reporting Standards.....................................................................4
Disclosure 200 – The Disclosure of Standards Related To Economics..........................................4
Disclosure 201-2: “Financial implications and other risks and opportunities due to climate
change”............................................................................................................................................4
a. Financial implication of opportunity or risk prior to action........................................................5
b. The actions of methods for managing opportunity......................................................................5
c. Cost of the actions for management of risk.................................................................................5
Disclosure Number 205-3: “Confirmed incidents of corruption and actions taken”.......................6
a. Number of nature regarding confirmed incidents related to corruption......................................6
b. Total confirmed incidents where employees have been disciplined for corruption....................6
c. Total confirmed incidents after the termination of contracts with business partners due to
violations which is connected to corruption....................................................................................6
d. Cases of public law towards the corruption that are brought against the employees within the
period of reporting as well as the case outcomes............................................................................7
Disclosure number 206-1 Actions of law regarding anti trust, anti competitive nature and
practices of monopoly......................................................................................................................7
a. Pending or completed actions of law within the reporting period targeting violations of
monopoly legislations, competitive nature where the participant is the organization:....................7
b. Major outcomes related to actions related to law with the inclusion of judgments and
decisions..........................................................................................................................................8
Disclosure of the Standards of environment: Disclosure 300.........................................................8
Consumption of energy within environment: Disclosure number 302-1:.......................................8
a. Total rate of consumption of fuel from the non renewable sources............................................8
b. Consumption of fuel from the renewable sources at joules.........................................................8
c. Total electricity consumption in Joules.......................................................................................8
d. Energy consumption within the company...................................................................................9
Disclosure 304-2: Effects of products, activities as well as services related to biodiversity..........9
Disclosure 307-1: Non-compliance with regulations and environmental laws...............................9
Social Sustainability Disclosure: Disclosure 400..........................................................................10
Disclosure 401-1: Employee hiring and employee turnover.........................................................10
Disclosure 406-1: Discrimination incidents and actions taken by organization............................10

ASSESSMENT ON SUSTAINABILITY AND GOVERNANCE ETHICS 2
Disclosure 413-1: Operations for developmental programs, local community and impact
assessments....................................................................................................................................11
Conclusion.....................................................................................................................................11
References......................................................................................................................................12
Bibliography..................................................................................................................................12

ASSESSMENT ON SUSTAINABILITY AND GOVERNANCE ETHICS 3
Introduction
‘Global reporting initiative’ can be defined as the internationally acclaimed framework related to
corporate reporting. This allows the evaluation of the governance of an organization in terms of
sustainability related to environmental, social and economic context. Global reporting initiative
(GRI) explains the guidelines and disclosure that are required to be followed while reporting the
GRI standards. This internationally acclaimed framework allows an unbiased explanation which
is globally accepted as well as acknowledged.
This assignment will evaluate and examine the sustainability attributes regarding the term
of social, economic and environmental for Finnegan constructions. The frame of this report
assignment target to give the structures of confidence building from the behalf of company
towards the consumers and the stakeholders. This report will contain data which will be
beneficial for the internal and external stakeholders regarding their commitment towards
economic, environmental and social sustainability. This particular assignment will be developed
with accordance related to GRI standards as well as the disclosures with respect towards
sustainability and references from manual of GRI. This particular report aims towards providing
a wide view regarding the standpoint of the company concerning aspects of sustainability. It will
further more confirm to the disclosure 201-2, 206-1 and 205-3 that lays out the company’s
economic sustainability. Social sustainability of the organization will framed as per 402-1, 413-1
discourses regarding GRI.

ASSESSMENT ON SUSTAINABILITY AND GOVERNANCE ETHICS 4
Company Overview:
Finnegan construction has been one of the renowned company related to residential
development which is engaged for construction of residential projects. The organization is
currently based for building the Stanwell council district. With an employee strength of 58, the
organization have no female employees. However Finnegan construction is currently facing
challenges regarding employee retention since 17 employees have recently left. This construction
company hired 12 apprentices for meeting up the resource deficit.
The Global Reporting Initiative Reporting Standards
Disclosure 200 – The Disclosure of Standards Related To Economics
Discourse 200 within GRI manual allowed the organization for analyzing its responsibilities of
economy as well as evaluate the economic standards of the organization. Depending on the
standards which are laid down at the disclosure, the evaluation of Finnegan construction builders
will be executed at the subsequent sections that will allow stakeholders for analyzing the
economic standards of organization.
Disclosure 201-2: “Financial implications and other risks and opportunities due to climate
change”
The 201-2 report analyzes monetary impact related to change of climate within business. The
discourse enables company to assess its place and the threats and benefits encountered by the
climate changes.

ASSESSMENT ON SUSTAINABILITY AND GOVERNANCE ETHICS 5
Illustration of the opportunity or the risk as well as the explanation in accordance of regulatory,
physical and other forms of attributes
According to the report, Finnegan Constructions is exposed to the risk of forest fires because the
company's site is vulnerable to incidents involving bush fires. The new Finnegan building site is
vulnerable to the possibility of bush-fire, another of Finnegan Construction's biggest threats due
to the area's climate changes.
The expected effects which is linked with the opportunities and risk
Finnegan constructions would have to comply with together with enforcing greater safety
requirements. This would take steps to improve and modify the organization and would have an
enormous financial impact (Globalreporting.org 2018). The organization is vulnerable to dangers
and challenges related to bush fires without these improvements.
a. Financial implication of opportunity or risk prior to action
Stanwell District Council fined a lump sum amount of 50,000.00 dollar, and the organization
was asked to plan and report on the approved project for environmentally sustainable purposes.
b. The actions of methods for managing opportunity
Organization adopted certain mitigation strategies as well as procedures for complying with
authority's guidelines. The organization has furthermore involved outside firms to evaluate and
devise the company's mitigation strategies.

ASSESSMENT ON SUSTAINABILITY AND GOVERNANCE ETHICS 6
c. Cost of the actions for management of risk
Total estimated cost of managing as well as reducing risk has been anticipated to be about $4
million that fully meets the needs and conforms to the sustainable development provision
(Globalreporting.org 2018).
Disclosure Number 205-3: “Confirmed incidents of corruption and actions taken”
With accordance to the 205-3 report, the Finnegan constructions must give
the organization with sufficient and correct data on cases of bribery and the linked document
would examine the data provided by Finnegan Building as necessary
a. Number of nature regarding confirmed incidents related to corruption
Corruption and abuse within company have not occurred. Finnegan Construction faces a public
corruption case that is currently being investigated and will provide updates on the conclusion of
the proceedings.
b. Total confirmed incidents where employees have been disciplined for corruption
Finnegan's construction argues that the firing of workers has not been an issue for disciplinary
reasons or for misconduct. The organization says that there was a problem with the complaint of
an employee and their compensation and wages until the trial.

ASSESSMENT ON SUSTAINABILITY AND GOVERNANCE ETHICS 7
c. Total confirmed incidents after the termination of contracts with business partners due
to violations which is connected to corruption
Firm does not disclose corruption cases with its partners of business. Nevertheless, one of the
case involves termination of contract with the foreign contractors on charges of corruption and
mispractices (Globalreporting.org 2018). The contractors were relieved of their duties.
d. Cases of public law towards the corruption that are brought against the employees
within the period of reporting as well as the case outcomes
Company has been accused for major misconduct, in which five of workers are charged with
corruption and bribery. The event is suspected to include two foreign contractors. The workers '
pay and benefits were withheld until proceedings were completed and agreements with both the
external vendors were being cancelled.
Disclosure number 206-1 Actions of law regarding anti trust, anti competitive nature and
practices of monopoly
Disclosure number 206-1 covers documentation on legal proceedings in relation to
anticoncurrencies and non-trust as well as practices of monopoly. This segment gives data on
both the challenges related to law of Finnegan (Globalreporting.org 2018).
a. Pending or completed actions of law within the reporting period targeting violations of
monopoly legislations, competitive nature where the participant is the organization:
One of the major example of legal cases has indeed been published involving the promotion of
monopoly, non-competitive and anti-trust behavior. The corporation was claimed to have
engaged in conflict-setting practices between vendors, stakeholders and was charged that, if it

ASSESSMENT ON SUSTAINABILITY AND GOVERNANCE ETHICS 8
collaborated with other competing companies within the project region, the organization
threatened to terminate contracts with providers and suppliers. The proceedings have been taken
before the Federal Court by the ACCC or the Australian Competition and Consumer
Commission to be heard in upcoming months (Globalreporting.org 2018).
b. Major outcomes related to actions related to law with the inclusion of judgments and
decisions.
The whole hearing report should be provided within four months.
Disclosure of the Standards of environment: Disclosure 300
This section basically complies with GRI Standards of environment, which are provided with
information on environmental standards.
Consumption of energy within environment: Disclosure number 302-1:
This assignment report includes all data concerning energy consumption, usage and compliance
with energy consumption.
a. Total rate of consumption of fuel from the non renewable sources
Average annual fuel consumption is estimated at 1.0 Gigajoules per year. A large part of the
energy is consumed from the non renewable resources by Finnegan building
(Globalreporting.org 2018).
Finnegan Constructions ' total consumption of the fuel gathered from non renewable resources is
1.0 Gigajoules a year.

ASSESSMENT ON SUSTAINABILITY AND GOVERNANCE ETHICS 9
b. Consumption of fuel from the renewable sources at joules
0.5 Gigajoules per year as per the report
c. Total electricity consumption in Joules
Total consumption of the electricity of construction organization is estimated to be around 2.0
Giga Joules and has been a very considerable share which is being utilized by organization.
d. Energy consumption within the company
3.5 Gigajoules is the amount regrading the structure of the energy consumption within the
company
Disclosure 304-2: Effects of products, activities as well as services related to biodiversity
The segment will examine company's compliance regarding the effects of the company’s goods,
facilities as well as practices (Globalreporting.org 2018).
Rate of the effect of indirect and direct nature over bio diversity
The organization's practices have had environmental impacts and have influenced the country's
biodiversity. The practices have decreased the number of organisms and bio ecosystems on the
building or the construction site, Some of the impacts include destruction of the grassland in the
costal area and the reduction of habitat as well as conversion at the Otford Park Development.
For complying with the obligations and the sustainability standards of environment, the Finnegan
constructions must restore the grassland, estimated around $440,000.00. It is furthermore
essential for acting over the restoration of habitat within the ‘Wallum Sedge Frogs’.

ASSESSMENT ON SUSTAINABILITY AND GOVERNANCE ETHICS 10
Disclosure 307-1: Non-compliance with regulations and environmental laws
All sort of data connected to the non compliances of environmental rules as well as regulatory
needs to be reported. The section will furthermore include the cost of finances imposed over the
organization for the reason of non compliances with the organization’s environmental laws.
Finnegan's construction have been majorly fined with an amount of Australian Dollars
$200,000.00 for the decrease of the grassland in the coast that have been majorly endangered.
This organization has furthermore been instructed for organizing programs of rehabilitation
together with the environmental plan that cost the organization $440,000. Thus it can be
summarized that the total amount of compensation with the fine would cost around Dollar
640,000.
Social Sustainability Disclosure: Disclosure 400
Social sustainability of Finnegan's construction is explained involving data on turnover,
employee hiring as well as the rate of retention. It will furthermore analyze detailed discussions
regarding 401-1, 413-1 and 406-1.
Disclosure 401-1: Employee hiring and employee turnover
Finnegan's construction includes the employee strength of 58 who are all male. Regarding the
current situation of attrition and resignation by 17 employees, 12 new apprentices has been hired
by the company. As per the data given, the turn over rate can be calculated about 29% over the
grounds of satisfaction and alternatives of job.

ASSESSMENT ON SUSTAINABILITY AND GOVERNANCE ETHICS 11
Disclosure 406-1: Discrimination incidents and actions taken by organization
Incidents and cases related to discrimination and attrition among employees have occurred
within the organization.
The total incidents of injustice is one where the employee of age 50, resigned over the grounds of
discrimination from the organization. The organization has compensated with an amount of
4,400 Australian dollars under the norms of Fair work commission. The organization
furthermore decided the develop employee friendly policies for adhering to the standards penned
within ‘Fair Works Commission Australia’.
Disclosure 413-1: Operations for developmental programs, local community and impact
assessments
The company initiated in taking relevant and adequate care towards engagement in activities
including local communities regarding the environmental effects thereby taking relevant
adequate measures for compensating the damages that have been created (Globalreporting.org
2018). The initiative of the organization includes the restoration of the habitat of flora as well as
investing on clear fuel resources for the reduction of the effect of nonrenewable resources from
responsible sources.
Conclusion
One of the major reporting tool for Finnegan's construction is GRI. This report aimed to facilitate
the consumers and the stakeholders to draw data regarding obligation, responsibility as well as
the stand of organization including the interest of stakeholders and environment.