Gri Sustainability & Risk Assessment Report For Tactical Group

Task Your assignment consists of two parts: Part A: You are required to identify the risks stated in the CEO’s letter and classify these identified risks into the four categories. Part B: You are required to prepare a sustainability assessment report for Tactical Group.You are required to watch the following YouTube clips: The GRI Sustainability Reporting Standards: The Future of Reporting https://www.youtube.com/watch?v=AGqE4OO0_7g&t=3s Introducing the GRI Standards: https://www.youtube.com/watch?v=RDe8Kkh1BrU&t=2s How to use a Risk assessment matrix: https://www.youtube.com/watch?v=-E-jfcoR2W0 You must also read the Message from David Partridge, the CEO of fictional company Tactical Group. A Message from the CEO Dear Employees, I wish to personally thank you for your professionalism and continued dedication to Tactical Group. Last year was certainly the most challenging year our company has faced in its proud history and I would like to take this opportunity to dispel some of the rumors circulating around some of the issues that arose. Obviously, the most serious matter for Tactical Group was the media investigation into the ongoing use of child labour in North Korean manufacturing facilities. The investigation revealed that one of our suppliers, Fabian Ltd, engaged manufacturers in North Korea that employ child labour to produce their products. This situation was not known to us and was a clear breach of our supply contract with Fabian Ltd. We therefore terminated our contract with Fabian Ltd. The good news is we were able to find a replacement supplier relatively quickly – a local supplier that operates within our own metropolitan area. This new local supplier means that our percentage of products and services purchased locally has risen to 75% of our total procurement budget. Plus, the materials from our new supplier are both renewable and recyclable which means our total weight for non-renewable materials has decreased to 50 tonnes while our total weight for renewable materials has increased to 40 tonnes. And our total weight for recycled input materials has increased to 30 tonnes. The second serious issue faced by Tactical Group this year was the Australian Competition and Consumer Commission (ACCC) investigation into our recent marketing communications. The investigation found that Tactical Industry Group had engaged in false and misleading conduct and issued an Infringement Notice with a penalty of $126,000. Tactical Group paid the fine and updated our marketing policies to ensure future compliance with all Australian Consumer Law provisions. The third serious issue was a significant fuel spill at our warehouse in Horsham, Victoria. Approximately 15 kilolitres of fuel spilled from a rupture in one of the fuel tanks into the soil around its base. The spill soaked directly into the ground and we have sprayed the affected area with liquid hydrocarbon-eating bacteria to remediate the soil. It has certainly been a challenging year for us but we all must remember there have been some great wins too. The Federal Government awarded our organisation with a $20 million research and development grant that we will use to continue our breakthrough research into biotechnology. This was also the year we completed our $10 million health and welfare centre project in Kalgoorlie, Western Australia. This centre will provide much needed support to families coping with a range of social issues completely free of charge. It is an extremely worthy initiative and demonstrates our clear commitment to the social well-being of those that are less fortunate in our community. Finally, our employee training program on human rights was launched this year and has already completed 350 hours of training on aspects of human rights that are relevant to our operations. This means that 60% of our employees have been trained in human rights principles ranging from gender equality to human dignity and respect. With your continued hard work and support I am extremely confident that Tactical Group can build further upon our success in the coming year. Kind regards, David Partridge CEO Tactical Group

Subject Name: Business ethics

Level: Postgraduate

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