Sustainability Assessment Report on Timberwell Constructions - MBA402

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This sustainability assessment report evaluates Timberwell Constructions' performance across economic, environmental, and social dimensions, adhering to the GRI Sustainability Reporting Standards 2016. The report examines economic sustainability through disclosures related to climate change risks and opportunities, incidents of corruption, and anti-competitive behaviors. Environmental sustainability is assessed by analyzing energy consumption, impacts on biodiversity, and compliance with environmental regulations. Social sustainability is explored by examining employee turnover, incidents of discrimination, and community engagement. The report highlights areas where Timberwell Constructions aligns with GRI standards and identifies areas needing improvement to enhance its sustainability practices, providing recommendations for the company to improve its practices and reporting.
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Running head: SUSTAINABILITY ASSESSMENT REPORT ON TIMBERWELL
CONSTRUCTIONS
Sustainability Assessment Report on Timber well Constructions
Name of the University:
Name of the Student:
Authors Note:
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1SUSTAINABILITY ASSESSMENT REPORT ON TIMBERWELL CONSTRUCTIONS
Table of Contents
Introduction......................................................................................................................................2
Economic Sustainability..................................................................................................................2
Environmental Sustainability...........................................................................................................4
Social Sustainability........................................................................................................................6
Conclusion.......................................................................................................................................8
References......................................................................................................................................10
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2SUSTAINABILITY ASSESSMENT REPORT ON TIMBERWELL CONSTRUCTIONS
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
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3SUSTAINABILITY ASSESSMENT REPORT ON TIMBERWELL CONSTRUCTIONS
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
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4SUSTAINABILITY ASSESSMENT REPORT ON TIMBERWELL CONSTRUCTIONS
with the responsibility to legalize the action of reporting the pending cases related to violation,
monopoly legislation application and unethical behaviours. From analyzing the case study of
Timber well, it was gated that the company was accused by “Australian Competition and
Consumer Commission (ACCC)” for possessing an approach of dominating in the Stanwell
district, barring the entry of the start-up brands (Global Reporting Initiative 2016). Such case was
filed in court as well as Timber well Construction was also called for hearing within few months.
For averting these instances, standard reporting of the actions is needed through the involvement
of the statutory bodies of law. This intervention generates good practices to the sustainable
development.
Environmental Sustainability
Disclosure 302-1 is associated with energy consumption in the company. Important
information that the reporting company must disclose on sustainability includes fuel
consumption from the renewable as well as non-renewable resource in accordance with the types
of fuels employed in multiples or joules (Initiative 2016). In addition, information associated
with the overall energy consumption along with the sources of conversion aspects must be
employed. The reporting techniques includes computation techniques, methodologies, standards
as well as assumptions. Re-evaluation of the fuel consumption is exempted while synthesizing
the information. Separate reporting standards are necessary for the representation of fuel
consumption in renewable as well as non-renewable sources. Consistency is needed for
disclosing the reports on suitable application of the conversion factors. Approach of company
must also be depicted at the time they employ any specific methodology (Jill 2018).
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5SUSTAINABILITY ASSESSMENT REPORT ON TIMBERWELL CONSTRUCTIONS
Timber well Construction Company’s media release tagged the company as ‘efficient’ in
terms of energy consumption. According to the arguments of “Australian Department of Science
and Industry”, the clients can get access to the details about the calculatios. The website consists
detailed information about the programs, which have been developed for enhancing the
awareness of the readers regarding the fuel consumption from the non-renewable sources.
Conversely, it can be inferred from the explanation that the construction organization abides by
this specific disclosure requirement (Larrán Jorge, Andrades Peña and Herrera Madueño 2018).
Disclosure 304-2 deals with mapping the impact of the actions on the preservation of the
ecological biodiversity. The considerable effect of such activities including transport,
constriction, mine and infrastructure along with its effect on the biodiversity must be reported.
Positive and negative impact that can be direct or indirect in accordance with areas impacted ,
reversibility, species impacted along with irreversibility of such impacts must be disclosed
(Lewellyn and Logsdon 2016). The company’s supply chain might be indirect impacted by the
biodiversity. Companies abiding with such disclosure need to have a better realization of the
strategy for decreasing direct or indirect biodiversity impact. The business operations of Timber
well Constructions adversely affect the endangered flora and fauna. This is due to the complex
constructions, destroying the habitat of the animals. Along with this, orders regarding renovation
plans have been received for contributing to the preservation and development of the
biodiversity. This is through the means of audits, which would act assistance in assessing the
evaluation of the planned actions.
Disclose 307-1 deals with the deviant behavior of the company through violation of the
environmental directives. This violation needs to be reported for gaining an insight into the
corrective measures for restoring normalcy. Within this, financial risks occupy important
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6SUSTAINABILITY ASSESSMENT REPORT ON TIMBERWELL CONSTRUCTIONS
position for providing clarity to the compensations, which needs to be paid for violating the
directives (Lewellyn and Logsdon 2016). The disclosure must comprise of the overall number of
non-monetary truncations, fines and cases involving disputes and need effective resolution
process. Companies ought to report the cases of non –compliance by identifying the flaws.. Non-
compliance is prevalent in the operations of Timber well Construction (Lewellyn 2017). The
activities including clearance of land for the construction purposes have resulted in endangering
the economic community. When the company does not comply with environmental regulations,
the staffs are compelled to suffer from actions leading to costly environmental liabilities.
Social Sustainability
Disclosure 401-1 comprises of information related to the candidates hired and their
turnover. In this, the information to be reported is governed by the ethnographic details of age,
religion and gender. In calculating rate of employee turnover and new employee recruitment, the
company must consider the total workforce at the end of the financial year end (Lewellyn et al.
2017). It has been evident from the case study that seventeen staff of Timber well Construction
sideparted with the rival organization, which is a deviant behavior. This indicates high turnover,
resultant from the dissatisfaction to the workplace conditions. As a result of this, the productivity
was seriously affected, necessitating the need for revising the recruitment and selection policies.
Disclosure 406-1 is focused on analyzing the corrective actions and along with
discrimination incidents that needs to be undertaken by the company (Maroun 2017). The
company needs to disclose necessary information associated with the cases of discrimination and
the remedial plans. Discrimination in this case led to humiliation, affecting the professionalism
of the workers of Timber well Constructions. The employees were provided with the liberty to
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7SUSTAINABILITY ASSESSMENT REPORT ON TIMBERWELL CONSTRUCTIONS
file a case of harassment. This was monitored by the Fair Work Commission. Upon filing the
complaint, the company receives an order for updating policy of anti-discrimination. The main
aim in this case is training the staffs about the dire consequences of harassments in the
workplace. Complaints lodged and their management is also to be accounted in the reporting
process.
Disclosure 413-1 considers organizational operations trough involving within local
communities, developing programs as well as analyzing impacts. Companies which comply with
this disclosure need to report the environmental and social impact of their business (Tost et al.
2018). The reports disclosed also needs to consider the grievance produces adopted by the local
communities. As per this disclosure, Timber well also needs to take into account differentiated
local community nature along with considering certain actions for vulnerable groups’
identification. In ensuring increased support from the vulnerable groups companies require to
implement differentiated measures. Corporate social responsibility of the company can increase
through the employment of several tools for engaging communities encompassing evaluation of
human and social rights. At the initial stage, the stakeholders need to be identified. Timber well
must undertake measures fir decreasing harmful impact of their business environment along with
effectively managing impacts along with compensating local communities (Tost et al. 2018).
This includes numerous concerns like the social economic status, age, gender and other
vulnerabilities regarding the human health. For this reason, Timber well needs to evaluate the
impact of its business actions on the communities along with program development and
implementation.
It was gathered from the paper that Timber well Construction Company’s media release
indicating it as energy efficient company attached the energy consumption table. Here was also a
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8SUSTAINABILITY ASSESSMENT REPORT ON TIMBERWELL CONSTRUCTIONS
detailed elaboration of calculation tools use that is referred by the “Australian Department of
Science and Industry”. From analyzing the case study of Timber well, it was gated that the
company was alleged by “Australian Competition and Consumer Commission (ACCC)” for
being involved in activities of restricting as new entrant within Stanwell district within
development market with the objective of decreasing the market competition. In addition, it has
also been revealed that Timber well must undertake measures fir decreasing harmful impact of
their business environment along with effectively managing impacts along with compensating
local communities. This includes numerous concerns like the social economic status, age, gender
and other vulnerabilities regarding the human health.
Meetings need to be organized for enhancing the awareness of the clients regarding thbe
measures towards preserving the biodiversity. In this, statics related to the fuel consumption is
needed. Presentations can suffice the means for maintaining transparency in the actions. Audits
and evaluations need to be consistent in terms of reducing the errors and risks. As the main aim
is sustainability, therefore, judicious use of the resources is needed for preserving the resources
for averting the inadequacies at the time of actual completion of the projects and operations.
Practicing training and tests needs to be taken for assessing the capability of the staffs regarding
the application of the learnt skills. Monitoring their actions would help in detecting any illegal
activities. Journey mapping is vital for measuring the impact of the actions on the society, which
brings the concept of People, Planet and process in this context. Upgrading the standards and
quality of the processes would make the planet a better place to live in, enhancing the standards
of living for the people. Consciousness and rationality in this direction is apt for enhancing the
corporate social responsibility of the organizations like Timber Well Construction. Consistent
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9SUSTAINABILITY ASSESSMENT REPORT ON TIMBERWELL CONSTRUCTIONS
evaluations are needed in terms of upgrading the standards and quality of the operations,
securing the market position in the ambience of competition.
Conclusion
The report enhances the awareness of the readers regarding the effective means of
sustainable reporting in case of private lands like Timber well Construction. Adherence to the
standards and protocols of GRI is vital for averting the illegal instances like corruption, bribery
among others. Media release reflects the transparency in the operations of energy consumptions.
Audits act as evaluation in terms of assessing the effectiveness of the strategies towards
preserving the ecological biodiversity. Involving the statutory bodies of law is crucial for
aligning the operations according to the latest version of the environmental directives. Training
the staffs about the operations is apt for enhancing the organizational effectiveness.
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References
Abeydeera, S., Tregidga, H. and Kearins, K., 2016. Sustainability reporting–more global than
local?. Meditari Accountancy Research, 24(4), pp.478-504.
Bellantuono, N., Pontrandolfo, P. and Scozzi, B., 2016. Capturing the stakeholders’ view in
sustainability reporting: a novel approach. Sustainability, 8(4), p.379.
Bradford, M., Earp, J.B., Showalter, D.S. and Williams, P.F., 2016. Corporate sustainability
reporting and stakeholder concerns: Is there a disconnect?. Accounting Horizons, 31(1), pp.83-
102.
de Villiers, C. and Maroun, W., 2018. Introduction to sustainability accounting and integrated
reporting. In Sustainability Accounting and Integrated Reporting (Vol. 1, No. 12, pp. 1-12).
ROUTLEDGE in association with GSE Research.
Dumay, J., 2018. Trust And Corporate Reporting. Electronic Journal of Knowledge
Management, 16(1), pp.56-58.
Ehnert, I., Parsa, S., Roper, I., Wagner, M. and Muller-Camen, M., 2016. Reporting on
sustainability and HRM: A comparative study of sustainability reporting practices by the world's
largest companies. The International Journal of Human Resource Management, 27(1), pp.88-
108.
Global Reporting Initiative, 2016. Consolidated set of GRI sustainability reporting standards
2016. Amsterdam, The Netherlands.
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11SUSTAINABILITY ASSESSMENT REPORT ON TIMBERWELL CONSTRUCTIONS
Initiative, G.R., 2016. Consolidated set of GRI Sustainability Reporting Standards. URL:
https://www. globalreporting. org/standards/gri-standardsdownload-center.
Jill, M.D., 2018. The Current State of Sustainability Reporting: A Work in Progress. The CPA
Journal, 88(7), pp.44-50.
Larrán Jorge, M., Andrades Peña, F.J. and Herrera Madueño, J., 2018. An analysis of university
sustainability reports from the GRI database: an examination of influential variables. Journal of
Environmental Planning and Management, pp.1-26.
Lewellyn, P.G. and Logsdon, J.M., 2016, July. How Sustainability Reporting Is Maturing: A
Preliminary Assessment of the Impact of GRI’s G4 Guidelines. In Proceedings of the
International Association for Business and Society (Vol. 27, pp. 122-132).
Lewellyn, P.G. and Logsdon, J.M., 2016. How Sustainability Reporting Is Maturing.
Lewellyn, P.G. and Logsdon, J.M., 2017. Global Reporting Initiative G4 Sustainability
Reporting Guidelines.
Lewellyn, P.G., Ritchie, C.M., Harrison, D. and Harmon, M., 2017, July. Does Sustainability
Assurance Measure Up?: A Critical Analysis. In Proceedings of the International Association
for Business and Society (Vol. 28, pp. 173-181).
Maroun, W., 2017. Sustainability reporting after a crisis. In Sustainability Accounting and
Integrated Reporting (pp. 64-75). Routledge.
Tost, M., Hitch, M., Chandurkar, V., Moser, P. and Feiel, S., 2018. The state of environmental
sustainability considerations in mining. Journal of cleaner production, 182, pp.969-977.
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