General Con General Concepts of the Triple Bottom Line cepts of the Triple Bottom Line cepts of the Triple Bottom Line
Introduction
Traditionally organisations focused on goals such as growth and profit, however we have arrived at an age in which consumers and clients expect more from organisations. In the modern world it is expected that every organisationconducts business in a fair and ethical manner. Similar we now expect organisations to havesustainable goals to reduce emissions and to contribute to society in a positive direction.
Over the last decade there has been an obvious emphasis to reduce our greenhouse emissions. It is now scientifically proven that climate change is real shown in a …show more content…
Choosing to do business with an unethical partner can be harmful to your environmental stance and hence your reputation.
Measuring the TBL Measuring the TBL
Measuring an organisations sustainability is a complex task, Dahl (2012) states that policy makers and regulators still have a lot of work to do in terms of setting out clear and concise indicators for sustainability. The importance of sustainability reporting is growing rapidly and so is the need for accurate comparable results (Govindan, Khodaverdi and Jafarian, 2013).
Economic indicators such as GDP help to compare thehealth of a nation and help to give
Assignment 1| William Jennings 7187181
3
insight into economic sustainability. Social indicators are harder to come by, sustainability reporting looks into quality of life and specific subject conditions as social indicators and use of resources as environmental indicators (Fricker, 1998). Zimmermann, Althaus and Haas
(2005) stress that until accurate benchmarks need to be calculated to understand future emission targets. This emphasises the notion that sustainability is an elusive unit of
Introduction
Traditionally organisations focused on goals such as growth and profit, however we have arrived at an age in which consumers and clients expect more from organisations. In the modern world it is expected that every organisationconducts business in a fair and ethical manner. Similar we now expect organisations to havesustainable goals to reduce emissions and to contribute to society in a positive direction.
Over the last decade there has been an obvious emphasis to reduce our greenhouse emissions. It is now scientifically proven that climate change is real shown in a …show more content…
Choosing to do business with an unethical partner can be harmful to your environmental stance and hence your reputation.
Measuring the TBL Measuring the TBL
Measuring an organisations sustainability is a complex task, Dahl (2012) states that policy makers and regulators still have a lot of work to do in terms of setting out clear and concise indicators for sustainability. The importance of sustainability reporting is growing rapidly and so is the need for accurate comparable results (Govindan, Khodaverdi and Jafarian, 2013).
Economic indicators such as GDP help to compare thehealth of a nation and help to give
Assignment 1| William Jennings 7187181
3
insight into economic sustainability. Social indicators are harder to come by, sustainability reporting looks into quality of life and specific subject conditions as social indicators and use of resources as environmental indicators (Fricker, 1998). Zimmermann, Althaus and Haas
(2005) stress that until accurate benchmarks need to be calculated to understand future emission targets. This emphasises the notion that sustainability is an elusive unit of