Sustainability Assessment Report: Timberwell Constructions

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SUSTAINABILITY ASSESSMENT
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Table of Contents
INTRODUCTION........................................................................................................................3
GRI SUSTAINABILITY REPORTING STANDARDS.........................................................................4
ECONOMIC SUSTAINABILITY.................................................................................................... 4
GRI 201-2..............................................................................................................................4
GRI 205-3..............................................................................................................................5
GRI 206-1..............................................................................................................................5
ENVIRONMENTAL SUSTAINABILITY..........................................................................................6
GRI 302-1..............................................................................................................................6
GRI 304-2..............................................................................................................................6
GRI 307-1..............................................................................................................................7
SOCIAL SUSTAINABILITY...........................................................................................................8
GRI 401-1..............................................................................................................................8
GRI 406-1..............................................................................................................................8
GRI 413-1..............................................................................................................................9
CONCLUSION.......................................................................................................................... 11
REFERENCES........................................................................................................................... 12
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INTRODUCTION
This report is in concern of case study of Timberwell Constructions which is a company that
develop residential apartments in the Stanwell Council District. The company has 58 male
workers with different professions and trades related to construction. The company wants
to develop its sustainability but it is facing some issues related to economic, social and
environmental which company wants to overcome from the issues. The study will lay
emphasis on the sustainability of the construction company Timberwell. This report will
study the GRI sustainability reporting standards which will address economic sustainability,
environmental sustainability and social sustainability in context to the Timberwell
Construction Company (Meer and West, 2016).
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GRI SUSTAINABILITY REPORTING STANDARDS
In 1987, an aspiration goal of the development of sustainability sated out by the World
Commission on Development and Environment for meeting the needs of the present as well
as future generations without compromising (GRI standards, 2017). It enables all the
businesses for reporting publicly on their social, economic and environmental impacts and
proves their contributions in positive or negative towards the goal of development of
sustainability (Global reporting.org, 2016). The standards of GRI are based on the inputs of
expert years from various stakeholders and designed for enhancing the global compatibility
and information quality on the impacts on the economy, environment and society for
greater accountability and transparency of the company (GRI standards, 2017).
ECONOMIC SUSTAINABILITY
It concerns with the impacts of the organizations on the stakeholder’s economic conditions
and the economic level includes national, local and global. Economic sustainability doesn’t
emphasis on financial conditions (University of Mary Washington, 2019). According to GRI
201, the economic performance includes the performance of the economy of the company
Timberwell and the standard used on the type, size, geography and sector get reported
which impacts the economy. This also addresses the issue of economic development and
cooperation between the flow of capital and stakeholders (University of Mary Washington,
2019).
GRI 201-2
The Timberwell Company has focused on the climatic change which plays an important role
in generating functional changes in revenue, operations or expenditure of the company (GRI
standards, 2016). Changing of climate affects the company products as well as its employees
in working as due to rainy season electricity problem occurs which affect the production and
profitability as well as the sustainability of the company (GRI standards, 2016). Other
opportunities and risks for the company are the accessibility of products, new technologies,
or services which address climate change and consumer behaviour (University of Mary
Washington, 2019). For managing all of these the company use methods which include:
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1. The company have to focus on the improvement of energy effectiveness (GRI
standards, 2016)
2. It also has to focus on using renewable and lesser carbon energy footprint
3. It has to manage the reduction in venting, flaring and fugitive emission (University of
Mary Washington, 2019)
GRI 205-3
It addresses on anti-corruption which can be understood by emphasising on the practices
like facilitation payments, extortion, bribery, money laundering and collusion (GRI
standards, 2016). According to Disclosure 205-3, compliance adoption with the regulations
of the managers of the company and confirm in a system of reporting which includes:
1. Informing about the total number of incidents are confirmed by corruption in the
company
2. Controlling the harassment at the workplace under the fair work commission
3. Enabling fair payment to the employees of all ages for eliminating corruption at the
Timberwell constructions (GRI standards, 2016)
GRI 206-1
According to Disclosure 206-1, it addresses on the anti-competitive behaviour of the
employees by including monopoly practices and anti-trust. Anti-behaviour of
competitiveness refers to the actions of the employees or the company which results in
complicity with the potential competitors by limiting the competition effect on the market
(Jabbarzadeh et al., 2018). Monopoly and Anti-trust refer to the actions of the company
which results in collusion to create a hurdle for the new entry to the sector or to avoid
competition which includes cartels, market position, price-fixing and merger of anti-
competition (Jabbarzadeh et al., 2018). The ACCC assumed that the Timberwell Company is
planning to become an established competitive company which has the purpose of
preventing new entrant in the competitive market. The company should report the
information like:
 Quantity of remaining legal actions related to the behaviour of anti-competitiveness
 The main results of the completed actions legally by including judgements and
decisions (Jabbarzadeh et al., 2018)
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ENVIRONMENTAL SUSTAINABILITY
It is the rate of depleting non-renewable resource, harvesting renewable resource and
creating pollution which can be sustained indefinitely. The Timberwell Company has
separated the complaints of the departments of energy and environment under the state
planning scheme by focusing on the attributes of flora and fauna (Gallego-Álvarez et al.,
2018). According to GRI 300, this includes the required subject of materials and the
dimension of environmental sustainability which concerns with the impact of natural
systems of living and non-living by including water, air, land and ecosystem (Global
reporting.org, 2016).
GRI 302-1
It addresses the consumption of energy at the Timberwell Company including the energy
from heating, steam, cooling, electricity or fuel. These also include renewable and non-
renewable sources for generating energy in the kind of self-generation or by purchasing
from external sources (Global reporting.org, 2016). The complaints related to the
consumption of energy at Timberwell Company released by the media for demonstrating as
a good corporate company. The media has released LEP for implementing the working of
the company effectively and also plan to manage the application of development of the
environment and work for minimizing the costs of regulations (Gallego-Álvarez et al., 2018).
Disclosure 301-1 includes:
1. The company have to check the total consumption of energy from renewable and
non-renewable sources as well as the use of fuel types (Gallego-Álvarez et al., 2018)
2. Using tools of methodologies, standards, assumptions or calculation
3. The company also use the conversion factor as a source for consuming energy
effectively (Gallego-Álvarez et al., 2018)
GRI 304-2
According to the Disclosure 304-2, this includes the important impact of products, services
and activities on biodiversity (Silva and Nardi, 2018). The company has to implement the
changes for solving the environmental issues includes the importance of indirect and direct
impact on the biodiversity as well as negative and positive impacts of the indirect and direct
on the following includes: impact on the species, extended area which gets impacted,
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impacted duration as well as impacts of irreversibility and reversibility (Silva and Nardi,
2018). The Timberwell can reduce the issues related to the biodiversity by:
1. Constructing or using mines, manufactured plants, or infrastructure of transport
2. Introducing new substance for reducing the pollution which affects the species (Da
Costa Tavares et al., 2018)
GRI 307-1
According to Disclosure 307-1, it includes non-compliance within the Timberwell Company
which can indicate the management ability for ensuring to imitate operations to certain
parameters of the performance (Meer and West, 2016). Some circumstances at Timberwell
Company lead to clean up the obligations from the non-compliances or other environmental
costly liabilities (Global reporting.org, 2016). The strength of the construction company has
a record of compliance which can affect its abilities for expanding operations and gaining
permits (Da Costa Tavares et al., 2018). The company has to report the following things in
non-compliance to environmental regulations and laws:
1. Significant fines in value to monetary terms
2. Non-monetary authorizations (Da Costa Tavares et al., 2018)
When the compliances of the Timberwell fail to obey with the environmental regulations
and laws includes the judicial and administrative sanctions effects the international
declarations, treaties, conventions, national, regional, sub-regional and local regulations (Da
Costa Tavares et al., 2018). The company has to follow the laws of the environment for the
betterment of the company as well as the environment in order to develop sustainability
(Da Costa Tavares et al., 2018).
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SOCIAL SUSTAINABILITY
A report of sustainability covers the environmental, economic and social impacts which are
causing due to the per day activities. Social sustainability refers to the ways of approaching
sustainable development and sustainability and has less attention towards the public
(Crisóstomo et al., 2017). It encompasses the issues of social equity, health equity, human
rights, social capital, labour rights, social support, social justice and human adaptation.
According to the GRI sustainability report of the social dimension, it concerns with the
impacts of social systems within which the company operates (England, 2017).
GRI 401-1
According to GRI 401, it addresses the employment issue within the Timberwell Company
which includes the approach towards the creation of job for employment within the
company by hiring, retentions, recruitment and training practices (Hire employees, 2016).
This section also carries the working conditions of the employees and employers in the
supply chain of the company. Relationship of employment is important for the company
between the employees and organization for discussing the obligations and rights of the
company as well as of the employees (Hire employees, 2016). The company should follow
the guidelines of the sustainability report as the age group of people must be decided on
the basis of vacant places such as under 30, 30-50 or above 50 years of age. The concept of
employment relationship comes under the organization for economic cooperation and
international labour organization (Hire employees, 2016).
GRI 406-1
According to Disclosure 406-1, it refers to the legal action or complaint that registered or file
to the competent authorities or the organization in the formal process in context to incident
or an instance of non-compliance recognizes by the Timberwell Company through
recognized procedures (Basedau et al., 2017). These recognized procedures get identified by
an audit of management systems, formally monitoring of programs and settlement of
grievances. The incidents are based on discrimination on colour, gender, race, nationality,
region and political opinion defined under ILO (Basedau et al., 2017). According to this,
discrimination also grounded on the factors of disability, sex, lifestyles, AIDS and HIV,
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migrant status and sexual orientation. The Timberwell Company implemented the policies
for avoiding discrimination which is in concern of the responsibility of the societal concept
(Basedau et al., 2017).
GRI 413-1
According to Disclosure 413, it addresses the issues of the local communities of the
Timberwell Company. In the standards of GRI, it concerns with the impacts of social systems
within which the company operates and the local communities are the persons who are
working or living in the area of the workplace of the Timberwell economically,
environmentally or socially gets impacted by the operations of the company (Taks et al.,
2015). The infrastructure and activities can have substantial social, economic, environmental
and cultural impacts on the local communities of the Timberwell Company (England, 2017).
The effective and timely identification of stakeholder as well as the process of engagement
is important for helping the company in understanding the susceptibility of local
communities and they get affected by the company’s operations and activities (England,
2017). Management approach in context to the local communities, the company has to
describe:
1. Susceptible groups (England, 2017)
2. Ways from which the stakeholders are engaged and identify with
3. Identifying the rights of individuals and groups are the basic concern question of the
community (England, 2017)
Local communities have collective as well as individual rights deriving from international
declarations, others and conventions such as:
1. Universal declaration rights of human, 1948 (Universal Declaration of Human Rights,
2016)
2. International covenant on political and civil rights, 1966
3. International Covenant on Social, Cultural and economic rights, 1966
4. Declaration on rights of development, 1986 (Universal Declaration of Human Rights,
2016)
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The percentage of operations with the implementation of the engagement of local
communities, assessments impacts and programs for development including:
1. Impact of environmental assessment and constant monitoring
2. Development programs for local communities (Taks et al., 2015)
3. Plans for engagement of stakeholders (Crisóstomo et al., 2017)
4. A formal process for solving the grievances of the local communities (Taks et al.,
2015)
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CONCLUSION
Thus, this report has been debated in concern of the case study of Timberwell
Constructions. For developing the sustainability the company has highlighted the issues
related to the social, economic and environmental and wanted to solve that, which has
shown in the above report. The study has laid emphasis on the sustainability of the
construction company Timberwell (Meer and West, 2016). This report has also studied
about the GRI sustainability reporting standards by addressing economic sustainability,
environmental sustainability and social sustainability in context to the Timberwell
Construction Company. Hence the company can get sustainability by the following report
and the solutions to solve the issues of economy, society and environment.
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REFERENCES
1. Basedau, M., Fox, J., Pierskalla, J.H., Strüver, G. and Vüllers, J., 2017. Does
discrimination breed grievances—and do grievances breed violence? New evidence
from an analysis of religious minorities in developing countries. Conflict
Management and Peace Science, 34(3), pp.217-239
2. Crisóstomo, V.L., Prudêncio, P.D.A. and Forte, H.C., 2017. An analysis of the
adherence to GRI for disclosing information on social action and sustainability
concerns. In Advances in Environmental Accounting & Management: Social and
Environmental Accounting in Brazil (pp. 69-103). Emerald Publishing Limited
3. Da Costa Tavares, M.D.C. and Rodrigues, L.L., 2018. Strategic Responses of Public
Sector Entities to GRI Sustainability Reports. In Handbook of Research on
Modernization and Accountability in Public Sector Management (pp. 159-188). IGI
Global
4. England, P., 2017. Households, employment, and gender: A social, economic, and
demographic view. Routledge
5. Gallego-Álvarez, I., Lozano, M.B. and Rodríguez-Rosa, M., 2018. An analysis of the
environmental information in international companies according to the new GRI
standards. Journal of cleaner production, 182, pp.57-66
6. Global reporting.org, 2016, GRI 307: ENVIRONMENTAL COMPLIANCE 2016, online
available at https://www.globalreporting.org/standards/gri-standards-download-
center/gri-307-environmental-compliance-2016/ last accessed on 15 May 2019
7. GRI standards, 2016 Consolidated set of GRI sustainability reporting standards, 2016,
online available at http://www.ekvilib.org/wp-content/uploads/2018/03/GRI-
standardi-2016.pdflast accessed on 15 May 2019
8. GRI standards, 2017 GLOBAL REPORTING INITIATIVE (GRI) STANDARDS, 2017, online
available at http://cdn.wsp-pb.com/jg8fkm/gri-standards-white-paper_web.pdf last
accessed on 20 May 2019
9. Hire employees, 2016, online available athttps://squareup.com/townsquare/basic-
labor-laws-how-to-hire-employees-correctly last accessed on 15 May 2019
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