I will attach documents in the attachment about the assessment.
please Refer to the marking rubric at the end of this document for the marks allocated to each part.
Thinking Styles Drop-In Session MBA402 Governance, Ethics and Sustainability Assessment 3 You are required to watch the following YouTube clips: 1. The GRI Sustainability Reporting Standards: The Future of Reporting https://www.youtube.com/watch?v=AGqE4OO0_7g&t=3s 2. Introducing the GRI Standards https://www.youtube.com/watch?v=RDe8Kkh1BrU&t=2s 3. How to use a Risk assessment matrix: https://www.youtube.com/watch?v=-E-jfcoR2W0 You must also read the Message from the CEO of fictional company Tactical Group. You must then prepare a risk assessment and sustainability assessment report for Tactical Group. Assessment 3 You must prepare a risk assessment and sustainability report for Tactical Group referring to the Risk Matrix and Consolidated Set of GRI Sustainability Reporting Standards 2016 that specifically addresses: Part A: Risk Assessment Identify the risk being addressed by the action being taken by the company and Classify and justify each action according to the four major categories of risk: Avoidance (eliminate, withdraw from) Reduction (optimise – mitigate) Sharing (transfer – outsource or insure) Retention (accept and budget Assessment 3 Part B: Sustainability Assessment B1. Economic sustainability i) Disclosure 201-4 Financial assistance received from the government ii) Disclosure 203-1 Infrastructure Investments and services supported iii) Disclosure 204-1 Proportion of spending on local suppliers B.2. Environmental sustainability Disclosure 301-1 Materials used by weight or volume Disclosure 301-2 Recycled input materials used Disclosure 306-3 Significant spills B.3. Social sustainability Disclosure 408-1 Operations and suppliers at significant risk for incidents of child labour Disclosure 412-2 Employee training on human rights policies or procedures iii) Disclosure 417-3 Incidents of non-compliance concerning marketing communications 4 Knowledge used for this assessment Risk matrix and risk management techniques GRI Standards See the following slides… Risk Assessment Matrix NegligibleMarginalSeriousCritical CertainHighHighExtremeExtreme LikelyModerateHighHighExtreme PossibleLowModerateHighExtreme UnlikelyLowLowModerateExtreme RareLowLowModerateHigh 6 Risk Management (An example from the lecture note, NOT for Assessment 3) Scenario Risk assessmentAction takenRisk management A bank wishes to broaden its products to include derivatives. A business plan identifies the proposal as being very high High severity, medium likelihood. =>High riskStop implementing the proposal.Avoidance Proposal abandoned NB: Academic writing should be used in your report. I highlighted some key points in the table only. What is a sustainability assessment report using GRI Standards 2016? A sustainability report is a report published by a company or organization about the economic, environmental and social impacts caused by its everyday activities. A sustainability report is the key platform for communicating sustainability performance and impacts – whether positive or negative. What is a sustainability assessment report using GRI Standards? The GRI Standards create a common language for organizations – large or small, private or public – to report on their sustainability impacts in a consistent and credible way. The GRI Standards 2016 contains the set of 36 GRI Sustainability Reporting Standards (covering economic, environmental and social topics) published in 2016. Note: This Assessment requires you to report for 9 material topics only. 9 Analysis of the assessment requirement You have been asked to produce a particular document on behalf of the (fictional) company named in the Case Study document. The Case Study document provides the information you will require, to assess risk and manage those risks, AND in-fill the fields of the various ‘material topics’ to be covered in the report. It is highly likely that most incidents mentioned in the Case Study will best fit just ONE of the 9 material topics provided for Assessment 3. 10 Analysis of the assessment requirement Everything you put into the report, should be designed to place the company in as good a light as possible. The document admits where an unfortunate incident occurred under a material topic heading. However, you should not dwell on the bad things, simply state them, and go on to explain the Management Approach to such topics. This includes any special steps taken by the company to correct the problem; plus standard company procedures and policies that are in place to deal with such issues. Usual rules of report writing apply. Language should be impersonal throughout. No use of first-person language (I, me, we) or of second person language (you). 11 Proposed structure of your report Your assignment should have a report-like structure: Overview (if using): Briefly state that this is the Risk and Management and GRI Sustainability Report for Company X (name case study company). Use a few sentences to describe the main business and market for the company. (Alternatively, place this information at the end of the Introduction, below). Table of Contents (provide at your own discretion, if desired), Note that doing this will automatically raise your Turnitin score. Introduction Body section Conclusion Introduction [Any report introduction generally includes some Background information to provide context for what follows. There should be a section that mentions Methodology. This means the methods taken to gather information, and to analyse it.] Background: Provide a short discussion (1-2 short paragraphs) that mentions the risks as integrated part of any business and three varieties of sustainability impacting a business. Use these paragraphs to show that you have been doing reading on the topic of Risk Management and Sustainability. Provide some reasons why modern businesses should care about their sustainability record, and why they should decide to provide a Sustainability report. [What you write here allows you to use some in-text referencing, to demonstrate background reading undertaken for this assessment.] Introduction Methodology: Provide a short (1-2 paragraph) discussion of the Risk Matrix/ Risk management techniques AND GRI reporting standards. Support the discussion using in-text citations, to show your background reading on GRI reporting. [Your methodology should mention the GRI Global reporting standards for Sustainability; what they are and why they are used. You might choose to list the 9 material topics for your report – or leave this to emerge across the report]. Body section: Part A_Risk Assessment Provide a short paragraph discussing the risks identified from the Case study and how they are managed by the Company. You might include the tables of Risk Matrix (as aforementioned) in the Appendix. For Risk Management techniques: If you don’t want to use the tables, you can write in form of paragraphs. You might not identify up to 4 or more risks, so it is not necessary that all 4 techniques of risk management must be used. Still, the rule of thumb is THE MORE, THE MERRIER. Body section: Part B_Sustainability The main portion of Part B of your report should be divided across three sections, one section for each type of sustainability covered: Economic Sustainability Provide a short paragraph discussing the notion of Economic Sustainability: what it is, and the sorts of issues a company might confront under this heading. Use in-text citations to demonstrate your own research into this topic. Next: describe a relevant case study fact against each of the three material topics you were given: Body section: (1) Economic sustainability i) Disclosure 201-4 Financial assistance received from the government ii) Disclosure 203-1 Infrastructure Investments and services supported iii) Disclosure 204-1 Proportion of spending on local suppliers Also provide some description of the Management Approach to the issue. This can include: Existing company documentation that relates to the topic; Particular initiatives or actions the company has undertaken, in response to the reported event(s) Body section: (1) Economic sustainability Material TopicDescriptionManagement Approach Disclosure 201-4 Financial assistance received from the government Provide a simple, short, narrative account of what happened at Tactical Group Provide a narrative description about how the organisation manages its material topics and their related impacts. Disclosure 203-1 Infrastructure investments and services supplied Disclosure 204-1 Proportion of spending on local suppliers This portion of your report could be conducted in tabular form. Something like: Body section: (2) Environmental sustainability Provide a short paragraph discussing the notion of Environmental Sustainability: what it is, and the sorts of issues a company might confront under this heading. Use in-text citations to demonstrate your own research into this topic. Then: cover material topics and management approach 19 Body section: (2) Environmental sustainability Material TopicDescriptionManagement Approach Disclosure 301-1 Materials used by weight or volume Provide a simple, short, narrative account of what happened at Tactical GroupProvide a narrative description about how the organisation manages its material topics and their related impacts. Disclosure 301-2 Recycled input materials used Disclosure 306-3 Significant spills Body section: (3) Social sustainability Provide a short paragraph discussing the notion of Social Sustainability: what it is, and the sorts of issues a company might confront under this heading. Use in-text citations to demonstrate your own research into this topic. Then: cover material topics and management approach 21 Body section: (3) Social sustainability Material TopicDescriptionManagement Approach Disclosure 408-1 Operations and suppliers at significant risk for incidents of child labour Provide a simple, short, narrative account of what happened at Tactical Group.Provide a narrative description about how the organisation manages its material topics and their related impacts. Disclosure 412-2 Employee training on human rights policies or procedures Disclosure 417-3 Incidents of non-compliance concerning marketing communications Conclusion Make a few closing statements about the sorts of issues faced by the company in the current reporting period. End by stating that the Company looks forward to providing a more positive GRI report for the next reporting period. References You list the sources (at least 5 of a properly ‘academic’ nature) that you consulted when writing your assignment. Note: Further access to study resources and skills (library, referencing, and other study support) could be found at https://elearning.kbs.edu.au/course/view.php?id=1481 Word allocation While you can be flexible in word allocation, it is recommended you allocate approximately 30% and 70% for Part A and Part B respectively. (or 25% vs 75% or 35% vs 65%). In Part B: Some disclosures might require more words than others, so word allocation can be relatively lenient among the 9 material topics. W10_L_Risk_Management_V1_MBA402_T1_2020 Risk Management Week 10 Workshop MBA402 Governance, Ethics and Sustainability COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 WARNING This material has been reproduced and communicated to you by or on behalf of Kaplan Business School pursuant to Part VB of the Copyright Act 1968 (the Act). The material in this communication may be subject to copyright under the Act. Any further reproduction or communication of this material by you may be the subject of copyright protection under the Act. Do not remove this notice. 2 High Stakes Dice Play Video https://youtu.be/BkDbHDCD_Hk https://youtu.be/BkDbHDCD_Hk https://youtu.be/BkDbHDCD_Hk • What does French mathematician Blaise Pascal mean when he says: Small Group Discussion We sail in a vast sphere, ever drifting in uncertainty, driven from end to end. • In groups, determine a fair allocation of the prize money between Luca and Leonardo. Luca Pacioli, Franciscan friar and mathematician, has a problem. He and his friend Leonardo Da Vinci are playing a game of dice in the convent courtyard. The victor after five rounds of dice will win 10 florins. After three games Leonardo has won one round and Luca has won two.