Triple Bottom Line

2133 Words5 Pages
bulb-icon

Recommended: CSR and company performance

1. Introduction:
Recently, many organisations and countries are trying to prevent the pollution and its bad impacts to human. In order to make that project be more realistic and effective, the European Union has offered a prize called ‘European Green Capital Award’. The main purpose of this award is to find a true green economy model and encourage other cities to improve the quality better. Bristol has received this recognition for 2015 due to its project to protect the environment and investment suitably. The project is based on both people’ consideration and the successful implication of Triple bottom line. However, the small and medium enterprises in Bristol also play an important role in contributing to the prize of this city. Therefore, Bearpit Social - a small coffee shop, which has been applied the business concept to have a suitable development plan as well as help Bristol develop more comprehensively. This report was written to help organisations understand more clearly about the Triple bottom line and how to implicate to improve the business operation in the most effective way.

2. Triple bottom line and its impacts:
2.1: CSR, Triple bottom line and Sustainability:
Corporate Social Responsibility (CSR) is a management concept which includes the set of policies, practices and programs that refers to the business actions, decision-making processes in order to maximise the positive impacts of its operations on external factors. The core content of CSR is the responsibility of the organisations in their business activities to not only the owner but also a wide group of stakeholder (customers, employees, suppliers and government). It is also related to the management of corporate citizenship and social responsibility problem....

... middle of paper ...

...4(2), 243-262.
Pava, M. L. (2007) Response to Getting to the bottom of ‘Triple Bottom Line’, Business Ethics Quarterly, 17(1), 105-110.
Rebecca, C. (2013) Corporate social responsibility: Pursuing the triple bottom line, Chemical Week, 175(15), 21-23.
Scalet, S.; Kelly, T. F. (2010) CSR Rating Agencies: What is their global impact, Journal of Business Ethics, 94(1), 69-88
Slaper, T. F.; Hall T. J. (2011) The Triple Bottom Line: What is it and How does it work, Indiana Business Review, 86(1), 4-8.
Tullberg, J. (2012) Triple Bottom Line – a vaulting ambition, European Review, 21(3), 310-323.
Vanclay, F. (2004) The Triple Bottom Line and Impact Assessment: How do TBL, EIA, SIA, SEA, EMS related to each other? Journal of Environmental Assessment Policy and Management, 6(3), 265-288.
Web source:
What is CSR? http://www.unido.org/en/what-we-do/trade/csr/what-is-csr.html

Show More
Related

  • Reactionary Essay To If Aristotle Ran General Motors, By Tom Morris

    1257 Words  | 3 Pages

    It's difficult not to be cynical about how “big business” treats the subject of ethics in today's world. In many corporations, where the only important value is the bottom line, most executives merely give lip service to living and operating their corporations ethically.

    Read More

  • Business Ethics: Jack in the Box Fast Food Restaurant

    1661 Words  | 4 Pages

    Corporate social responsibility (CSR) is a when a firm goes beyond compliance and engages in “actions that appear to further some social good, beyond the interests of the firm and that which is required by law” (McWilliams, Siegel & Wright, 2006)...

    Read More

  • Case Analysis Using the Eight-Step Model

    1293 Words  | 3 Pages

    Trevino, L. K., & Nelson, K. A. (2011). Managing business ethics: Straight talk about how to do it right. New York: John Wiley.

    Read More

  • Corporate Social Responsibility Analysis Of Tom's Company

    1027 Words  | 3 Pages

    Corporate social responsibilities (CSR) have a different meaning in different company but in my view CSR is the concept which is the ability one of the companies can do for society. As the company responsibilities toward the society and environment in the way operate their business. CSR is about how companies manage the business processes to produce an overall positive impact on society. CSR also known as a “corporate citizenship” and with do that CSR is not provide an immediate financial benefit to the company but promote positive social and environmental change. (www.investopedia.com/terms/c/corp-social-responsibility). CSR is a high profile nation which the business world perceives as a strategic (Economist, 2008; Porter & Kramer, 2006)

    Read More

  • An Analysis of Hazing in the Military

    1817 Words  | 4 Pages

    Trevino, L., & Nelson, K. (2011). Managing business ethics - straight talk about how to

    Read More

  • Walgreens Social Responsibility

    579 Words  | 2 Pages

    According to Investopedia.com (2015), corporate Social Responsibility (CSR) is a corporation’s initiatives to assess and take responsibility for the company’s effects on environmental and social wellbeing. More specifically, CSR involves a business identifying its stakeholder groups and incorporating their needs and values within the strategic planning. Failing to be “responsible” is regarded as a business risk. On the other hand, too responsible is also a risk (Klein, 2012). Thus, effective CSR is important to increase competitive advantage, increase sales, mitigate risks, enhance reputation, and contribute to business results to align the company with its business purpose and values (Ragan, Chase, & Karim, ,2015).

    Read More

  • Is Puma Inc an Ethical Company?

    1818 Words  | 4 Pages

    Seawell, Buie 2010, ‘The Content and Practice of Business Ethics’, Good Business, pp. 2-18, viewed 22 October 2013, .

    Read More

  • T.J. Maxx CSR

    1886 Words  | 4 Pages

    Corporate Social Responsibility (CSR) is the way a corporation achieves a balance between its economic, social, and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations. In general, when firms hold this wider encouraging role on the public by being engaged with stakeholders, a variety of profit can be produced for both company and the stakeholders. A key inclination is the combination of Corporate Social Responsibility (CSR) into the organization strategy, culture, mission and communications. By incorporating corporate citizenship into the company it is no longer an additional “nice thing to do” or something made to obey laws or regulations. Instead, corporate responsibility has become something business leaders and workforce want to engage in, frequently because executives who believe in the long-term see business profit. The four types of social responsibilities a...

    Read More

  • The Effects of Corporate Social Responsibility on International Business

    1540 Words  | 4 Pages

    Corporate Social Responsibility (CSR) is the set of regulations that an organization makes to protect and increase the society in which it functions. There are three areas of social responsiblity: Organizational stakeholders, the natural environment and general social welfare.

    Read More

  • General Electric's Corporate Social Responsability

    1774 Words  | 4 Pages

    According to Mike Peng, Corporate Social Responsibility (CSR) is the consideration and response to issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social benefits along with traditional economic gains the firm seeks. CSR is a way in which a company seeks to achieve a balance between profit, environmental concerns and social imperatives. This is known as the ‘Triple-Botto...

    Read More

  • Triple Bottom Line Case Study

    886 Words  | 2 Pages

    Triple bottom line is defined as “a corporation’s ultimate success or health can and should be measured not just by the traditional financial bottom line, but also by its social/ethical and environmental performance” (Norman and MacDonald, 2003). There are many advantages when it comes to being a triple bottom line corporation. While incorporating the triple bottom line, you are also incorporating sustainability you’re your business. Therefore, becoming a triple bottom line corporation means it is one step higher towards helping save the planet. Becoming sustainable is cost efficient. Although it may cost a significant amount of money to convert, it will pay itself off in the long run. Additionally, it will help reduce expenses while saving

    Read More

  • Pros And Cons Of Corporate Social Responsibility

    1485 Words  | 3 Pages

    I begin this essay by defining CSR, there are many definitions for this term by various different theorists, and EU says that CSR is "A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis." On the other hand, Sloman et al. define it as "The concept in which a firm takes into account is the interests and concerns of a community rather than just its shareholder". Davis and Blomstrom (1966), say it "Refers to a person’s obligation to consider the effects of his decisions and actions on the whole social system". These definitions differ from one another in many ways but they agree that CSR involves taking the environment into account and therefore, one must look take social responsibility.

    Read More

  • Views on Corporate Social Responsibility

    1003 Words  | 3 Pages

    Shaw, W. H., & Barry, V. (2011). Moral Issues in Business (Eleventh ed., pp. 230-244).

    Read More

  • Essay On Corporate Social Responsibility

    1275 Words  | 3 Pages

    Corporate Social Responsibility is an organisation’s obligation to serve the company’s own interest and the one’s of the society. Moreover, Corporate Social Responsibility has a definition of a concept where the companies integrate social and the environmental concerns into their own business operation and also on a basis of voluntary with their interactions they have with the stakeholders. Corporate Social Resp...

    Read More

  • Essay On Business Ethics And Social Responsibility

    853 Words  | 2 Pages

    Now-a-days it is considered that CSR is one of the major concerns of organization’s business ethics. Companies increasingly increase their corporate social responsibility (CSR) and ethical management accepting the positive impact on the bottom line. The vast bulk of Standard & Poor’s 500 companies publish sustainability reports unfolding their program challenges and achievements. These pre-emptive efforts can pr...

    Read More

More about Triple Bottom Line

Open Document