Tue, 07/21/2009 - 01:38
I have been researching Triple Bottom Line for some time now and this is the definition that keeps popping up everywhere and is thrown at me: http://en.wikipedia.org/wiki/Triple_bottom_line
Any suggestions on a better definition or a place I can look at? Also, any examples of companies who have ben succesful in achieving this will be appreciated. Thanks in advance.
(2 votes)
Thu, 12/10/2009 - 16:52
#1
To make a long story short, the Triple Bottom Line is demonstrating that a certain strategy or strategies resulted in measurable improvements in financial, environmental, and social parameters. Financial goes without saying (improving sales, reducing costs, raising profits). Environmental includes reducing measured greenhouse gas emissions, water use, waste generation, energy use, etc. for the same or greater amount of production. Social is more tricky, but it can include a rise in employment of people in impoverished areas, reduction or elimination of all child labor, building housing in areas surrounding the factory, improving water quality for the factory and surrounding neighborhood.
Hope this has been helpful.
Marc Karell, P.E., CEM
Climate Change & Environmental Services, LLC
www.CCESworld.com
