MBA402 Sustainability Assessment Report: Timberwell Constructions

This report presents a sustainability assessment of Timberwell Constructions, adhering to the GRI standards. The assessment covers economic aspects, including financial implications of climate change, legal actions related to anti-competitive behavior, and energy consumption. Environmental sustainability is evaluated through analysis of energy consumption, impacts on biodiversity, and non-compliance with environmental regulations. Social sustainability is examined through employee hiring and turnover rates, and incidents of discrimination. The report provides a detailed analysis of Timberwell Construction's performance, identifying areas for improvement and compliance with GRI guidelines. The report addresses specific GRI disclosures, offering insights into the company's approach to sustainability and its impact on stakeholders. The report is structured to provide comprehensive information on the company's sustainability efforts, offering an overview of its strengths and weaknesses.

Running head: ASSESSMENT OF SUSTAINABILITY
ASSESSMENT OF SUSTAINABILITY
Name of the Student
Name of the University
Authors Note

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Executive Summary:
The report regarding sustainability prepared by Timberwell Constructions acts as a guidance
for the initiatives and measures to be taken in order for making the concerned company better
in sustainability in its approach. In this report, considerations will be made regarding GRI
structure for the purpose of explaining and proposing said report and will be adhering to the
guidelines depicted in disclosures. The report will be including economic, social and
environmental aspects of sustainability. It will also in compliance with the disclosures
number 200, 300 and 400. It shall be also addressing the topic related to specific standard of
GRI framing. The report is segregated into three parts that will be elaborating the various
issues and also will be discussing sustainability measures adopted by the said company. In
addition to this, the report will be evaluating the pros and cons of the company and will be
addressing them as per the GRI guidelines.

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Table of Contents
Executive Summary:..................................................................................................................1
Introduction:...............................................................................................................................3
The GRI Standards.....................................................................................................................4
Disclosure of Economic Standards: Disclosure 200..............................................................4
Disclosure 201-2: Financial implications and other risks and opportunities due to climate
change....................................................................................................................................4
Disclosure 206-1 Legal actions for anti-competitive behaviour, anti-trust, and monopoly
practices..................................................................................................................................5
Disclosure 302-1: The consumption of the energy within the organization..........................6
Disclosure 304-2: The relevant effect of products, activities and the services over the
biodiversity.............................................................................................................................7
Disclosure 307-1 : The non-compliances with regulations and environmental laws.............8
The disclosure of the social sustainability: Disclosure 400...................................................8
Disclosure 401-1: The hiring of new employees and the employee turnover rate.................8
Disclosure 406-1: The incidents and the scenarios of discrimination and the correction
actions that has been taken.....................................................................................................9
Disclosure 413-1: Action with development programs, community engagement.................9
Conclusion................................................................................................................................10
References:...............................................................................................................................11

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Introduction:
The report regarding sustainability prepared by Timberwell Constructions acts as a
guidance for the initiatives and measures to be taken in order to make the concerned company
more sustainable in its approach (Shoaf, Jermakowicz and Epstein 2018). In this Report,
considerations will be made regarding GRI structure for the purpose of explaining and
proposing said report and will be adhering to the guidelines depicted in disclosures. The
report will be including economic, social and environmental aspects of sustainability and it
aims to be as per the disclosure numbers 200, 300 and 400. It will be also addressing the topic
related to specific standard of GRI framing (Gallego-Álvarez, Lozano and Rodríguez-Rosa
2018).
The report is segregated into three parts that will be elaborating the various issues and
also will be discussing sustainability measures adopted by the said company (Diouf and
Boiral 2017.). In addition to this, the report will be evaluating the pros and cons of the
company and will be addressing them as per the GRI guidelines.
Considering the present situation of the company, it is very needful to supply report of
sustainability in order to intimate both the internal as well as external stakeholders of the
company such that the company is abiding with the cause of sustainability in all aspects
(Grushina, 2017). This report is prepared as per the standards given in Global Reporting
Initiative and according to the criteria enumerated in GRI guidelines. The sections that are
needed to be followed will be as per the Social, Environmental and Economic sustainability
(Pérez‐López, Moreno‐Romero and Barkemeyer 2015).

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The GRI Standard
Economic Standards Disclosure: Disclosure No. 200
The present report is in accordance to the all the requirements given in disclosure
numbers 201-2, 205-3 and 206-1.
Disclosure No. 201-2: Financial effects together with risks or opportunities because of
climate change
Disclosure no. 201-2 needs declarations about the Risks or any opportunities caused
by climate changes which have the capacity to cause substantive changes into the operations,
expenditures and revenue that comprises of the following:
a. Discussion of the risk or the opportunity and its division into regulatory, physical or
other:
Change of climate causes risks of bush fires in the place where the proposed
site of the Company is located. There lies even physical risk and harm because of the
impact of change in climate (Horner and Wilmshurst 2016).
b. The impacts connected to such risk or opportunity:
The company is required to meet the high level of safety measuring standards
for avoiding any kind of loss and hazards because of the bushfires. The company may
also face tremendous loss since the proposed area includes extensive bushes.
c. Financial impact of the risk/ opportunity prior to taking any action:
It is seen that the Town Planning Organisation has charged 50,000 dollars for
preparing the environmentally sustainable plan of the project (Traxler, Greiling and
Hebesberger 2018).
d. Methods to be used for managing the risk/opportunity:

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Suitable techniques for mitigation and plan is already started and other firms
are engaged to make assessment and formulation of the mitigation related plans.
e. Cost for actions for managing or mitigating the risks/ opportunities:
The Timberwell Constructions will be incurring cost of around 4 million
dollars to meet the environment sustainability.
Disclosure No. 206-1: Legal actions for anti competitive and anti trust policies and
practicing monopoly
As per Disclosure No. 206-1, the company will be providing the data related to legal
steps for anti competitive and anti-trust policies and also for practicing monopoly. Moreover,
Disclosure No. 206-1 provides required data about it in following two parts:
a) Legal suits or cases that are still pending or decided during the period when the report
is made in relation to anti competition behaviour and breach of legislations related to
anti trust and monopoly where the company is being depicted as a part:
There lies only one case of anti competition that the company is accused of. It
alleges that the company was involved in an anti competitive business and was also
misusing the market power. Allegations were also made that the Company created
disputes with its distributors, providers of supply and other contractors who have
frightened to terminate the agreement with the company if they find it to be dealing
with any other similar development company in that place. The Australian and
Consumer Commission also called ACCC also have issued a case against the
company in the Federal Court and it is scheduled to be heard within 4 months time.
b) Outcome of the legal suits when completed together the judgments and orders given
by the court:
The case is being filed by ACCC in the Federal Court and its hearing is due in
the coming 4 months.

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Standards of the environment- Disclosure No. 300
The report comprises of relevant statements which are being constructed in agreement
within the disclosure of 304-2, 302-1 and 307-1. The particular portion of the report will
highlight regarding the sustainability of the environment in the case scenario of Timberwell
constructions and the method used by the organization for planning the process of the
mitigation of the challenges that forms as a result of their operations.
Disclosure No. 302-1: Energy Consumption in organization
This particular segment of the report will illustrate the data regarding the energy consumption
by Timberwell constructions. The report will classify all the sources of the energy that is
consumed by Timberwell Constructions.
 The consumption of the total fuel by the company from the sources that are
non-renewable in nature within joules: It is to be noted that the total
consumption of thee fuel from the resources of the nonrenewable origin by
Timberwell Constructions is amounted up to 1.0 Gigajoules per annum.
 The summation of consumption of fuel in the company from the sources of
renewable origin in joules: The amount of the total consumption of fuel that is
collected from the renewable sources by the company, Timberwell
Constructions is being calculated as 0.5 Gigajoules each year (Rauschmayer,
Bauler and Schäpke2015).
 The total consumption of electricity in Joules: The company, Timberwell
Construction consumed the total amount of 2.0 Giga Joules electricity over a
specific year.

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 The total level of the consumption of energy of the organization in
Joules :Timberwell Construction consumed the summation of the energy of
3.5 Giga Joules on the basis of per annum.
The company readily look forward for the reduction of the utilization of the non renewable
energy and increase the use of energy from the sources of the renewable origin by the amount
of 50%(Globalreporting.org, 2018). Being a responsible energy efficient organization,
Timberwell Construction aims to become an organization with more energy efficient values
and actions within the upcoming year.
Disclosure No. 304-2: Effect of products, activities and the services over the biodiversity
The effect that is being developed by one of the project by the company,
TimberwellContruction has impacted the context of the bio diversity by the conservation of
the habitant and the decrease of the species due to the constructions (Schaltegger and Wagner
2017). The relevant effects for the development and the rise of the projects have readily
impacted the environment in some of the ways that has been noted in the following. These
incidents are highlighted below.
1. The conversion of the habitat of Wallum Sedge Frogs for the reason of residential
project within the development site of Otford Park
2. The clearance of 0.45 hectares in the grasslands within the coastal bay that are being
endangered critically.
It is possible to reverse the grassland habitat and the company, Timberwell had being making
some of the major plans for the process of the reconstruct of the grasslands within the
estimated cost of $440,000. Timnerwell Construction furthermore constructed towards the
Report of Assessment highlighting the environmental impact and has furthermore taken the
decision for acting within the habitat of Wallum Sedge Frogs within the project site.

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Disclosure No. 307-1 : Non-complying with environmental laws and regulations
This division will illustrate attached costs of finance towards the organization for the
non-compliances with the regulations of the environment together with the laws. This will
furthermore state the compliances nature that is intricated with the company for mitigation of
the issues. The following section will illustrate the scenario.
 Subtotal value of the money regarding the significant fines:
Timberwell Construction has been under the chargeable fine of $200,000 for the
reduction of the species of flora that has been endangered. The organization has been
furthermore asked for initiating and developing a rehabilitation program that would cost
the organization a whopping amount of $440,00 (Marshall et al. 2015). Besides this, the
company was being asked for rehabilitation among the framework together with the
performance of certain audits related to environment in the accordance to local
environmental plan.
Disclosing the social sustainability: Disclosure No. 400
This segment of the report will shed light on the scenario f social sustainability of
Timberwell Construction and will illustrate report on the basis on the Disclosure of 401-1,
413-1 and 406-1(Globalreporting.org, 2018).
Disclosure No. 401-1: Hiring new employees and the rate of employee turnover
The statement of the report regarding the hiring of the new employee together with the
turnover of the employees will be discussed in this section.
With the accordance from the reports of the company, 58 staffs within the organization
are only male. Timberwell Construction aims to recruit 12 of the new employees for
covering up the deficit of the 17 staff who have resigned from the organization.

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According to the reports of the company, the turnover rate of the employees within the
organization is 29%. This is because 17 of the employees has left the company for the
reason of alternate career options and relocation (Hockerts2015). With 29% turnover rate
which is quite high, the company has aimed towards the formulation of the policies for
addressing these highlighted issues.
Disclosure No. 406-1: Discrimination related incidents and the scenarios and the
correcting measures taken
This part of the disclosure aims to highlight the discriminatory event or scenario that has
been reported within the organization. This report furthermore targets to cover the
perspectives stated below.
 The summation of the number of the reports related to discrimination in the company
within the period: As per the reports of the organization there has been one case
where Dennis McCabe resigned on the grounds of discrimination by his coworkers.
 The status of the incident: The worker has been compensated with $4,400 under the
Fair Works Commission decision.
Disclosure No. 413-1: Development programs and community engagement.
This section will illustrate the activities of the company within the reporting period. The
company has been taking several of the initiatives that includes the environmental impact
assessments, development of projects for the promotion of the concepts of the social
housing for addressing the need of the local population.
By joining hands with Stanwell council, Timberwell construction has aimed for the
proposed amendments and has presented EIA report for adhering to the environmental
guidelines. To summarize, the organization has been working for mitigation of the

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environmental concerns and aims towards the reduction of the environmental impact for
becoming a responsible organization in the country (Epstein 2018).
Conclusion
Thus from the discussion made above, it is seen that Timber well Constructions is
found to be a responsible company which has aims of promoting sustainability by its
operations. This report of sustainability is being presented in order to give clarifications to the
internal as well as external stake holders involved with the company as they are regarded as
its esteemed partners. A detailed overview regarding the position of the company is given in
the report together with its practices, operations and its future aims as per the guidelines laid
down in the GRI Standards (Globalreporting.org, 2019). This report also is made in
compliance with the concerned GRI disclosures and also gives information to all the parties
for clearing any type of confusion or allegations by giving proper clarifications. The GRI
standards are regarded as globally accepted standards for assessing the sustainability and
form legitimate evidences to be accounted. In addition to this, it also provides an idea to the
practices followed by the company as well as the environmental affects that have occurred
due to operations in the organisation. In spite of the presence of various drawbacks which are
also identified in it, the report will help to combat and reduce those drawbacks and will
provide for more desirable provisions in addition to sustainability related guidelines and
rules.

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References:
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management: A stakeholder perspective. Accounting, Auditing & Accountability
Journal, 30(3), pp.643-667.
Epstein, M.J., 2018. Making sustainability work: Best practices in managing and measuring
corporate social, environmental and economic impacts. Routledge.
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.
Globalreporting.org (2019). GRI Standards Download Homepage. [online]
Globalreporting.org. Available at: https://www.globalreporting.org/standards [Accessed 19
March. 2019].
GRI, G. R. I. (2013). Equator principles.
Grushina, S.V., 2017. Collaboration by design: Stakeholder engagement in GRI sustainability
reporting guidelines. Organization & Environment, 30(4), pp.366-385.
Hockerts, K., 2015. A cognitive perspective on the business case for corporate
sustainability. Business Strategy and the Environment, 24(2), pp.102-122.
Horner, C.A. and Wilmshurst, T.D., 2016. Stakeholder engagement and the GRI:
Implications for effective risk management. Corporate Ownership & Control, p.210.
Marshall, D., McCarthy, L., Heavey, C. and McGrath, P., 2015. Environmental and social
supply chain management sustainability practices: construct development and
measurement. Production Planning & Control, 26(8), pp.673-690.