Post by prantogomes141 on Feb 14, 2024 1:15:11 GMT -6
On its own, the triple bottom line is simply a reporting tool, so it isn’t going to improve society or protect the environment. It can drive change, though, because both people and the planet benefit when a company decides to adopt a socially responsible model. “Managing a business to a triple bottom line approach makes good sense,” said Samuel Adams, CEO and co-founder of Vert Asset Management. “If you look after your people, including employees, customers, suppliers, neighbors and communities, you are likely to have less employee turnover, more repeat customers, less disputes and more goodwill.
If you look after the planet, you are likely to use less resources, which can save you money and create less pollution, which will reduce regulatory problems.” Chandra pointed out that the triple bottom line can also improve your financial performance, reduce operating Denmark Telemarketing Data costs, enhance your brand image and reputation, increase sales and customer loyalty and boost productivity. Triple bottom line in practice Many businesses incorporate triple bottom line principles into their structure. Here are a few companies, in various industries.
Which hold themselves accountable for their social, environmental and economic impact. Better World Books: This organization sells used books and donates a portion of the profits to help fund literacy programs and libraries. It has raised more than $33 million for literacy programs and kept millions of used books out of landfills while creating jobs in the process. DHL: This shipping giant has upgraded its delivery trucks to vehicles that are hybrid, more fuel-efficient or capable of running on alternative energy. Its Go Green initiative streamlines logistical operations and has trucks take the shortest route.
If you look after the planet, you are likely to use less resources, which can save you money and create less pollution, which will reduce regulatory problems.” Chandra pointed out that the triple bottom line can also improve your financial performance, reduce operating Denmark Telemarketing Data costs, enhance your brand image and reputation, increase sales and customer loyalty and boost productivity. Triple bottom line in practice Many businesses incorporate triple bottom line principles into their structure. Here are a few companies, in various industries.
Which hold themselves accountable for their social, environmental and economic impact. Better World Books: This organization sells used books and donates a portion of the profits to help fund literacy programs and libraries. It has raised more than $33 million for literacy programs and kept millions of used books out of landfills while creating jobs in the process. DHL: This shipping giant has upgraded its delivery trucks to vehicles that are hybrid, more fuel-efficient or capable of running on alternative energy. Its Go Green initiative streamlines logistical operations and has trucks take the shortest route.