Sustainability Of Triple Bottom Line Essay

Sustainability Of Triple Bottom Line Essay

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A declared goal of multiple corporations, non-profit organizations, and local/state/federal governments in the past ten to fifteen years has been sustainability. Although sustainability is a goal for many, measuring the degree to which a business is being sustainable or tracking sustainable growth can be challenging. A man by the name of John Elkington saw the need for a sustainable growth measurement system, and strove to measure sustainability by bringing to view a new outline to measure sustainable performance in corporate America. This outline, called the triple bottom line, went beyond the customary measures of shareholder value, profits, and return on investment to include social and environmental dimensions. By focusing on widespread investment results, triple bottom line reporting is a vital instrument to support sustainability goals for any business. The awareness of triple bottom line accounting has been increasing across government sectors, corporations, and non-profit organizations within the last decade. Multiple non-profit organizations and businesses have adopted the triple bottom line sustainability agenda to appraise their performance, and a similar approach has expanded through all levels of government. This essay will discuss the advantages and disadvantages of the social, economic, and environmental pillars of the triple bottom line model and explain the principles and mechanisms of the triple bottom line model for sustainable tourism.
The most vital asset for any business is its rapport with people, because if a business wants unending success, positive relationships are dire. It is crucial to a business that any efforts of those associated with it align with the business’s long-term goals and that they focu...


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...pt of sustainable tourism development has been accepted far and wide. Yet, the principles, also known as the three pillars, request consistency with environmental as well as economic and social objectives and ultimately allow tourism operations to continue to be competitive with each other. Sustainable tourism is based on an awareness of sustainability and morals, reinforced by environmental education and information for all participants on both the supply and demand sides. It also relates to the well-versed contribution of all relevant destination contributors, an agreement, a critical mass, and strong guidance to enable its implementation. Lastly, sustainable tourism should uphold a high level of tourist gratification, in so doing, meeting market needs. More specifically, in existing market economies the latter also assumes an inclination to pay for sustainability.

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Sustainability Of Triple Bottom Line Essay

- A declared goal of multiple corporations, non-profit organizations, and local/state/federal governments in the past ten to fifteen years has been sustainability. Although sustainability is a goal for many, measuring the degree to which a business is being sustainable or tracking sustainable growth can be challenging. A man by the name of John Elkington saw the need for a sustainable growth measurement system, and strove to measure sustainability by bringing to view a new outline to measure sustainable performance in corporate America....   [tags: Sustainability, Triple bottom line]

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