What is sustainability A strategy by which communities seek economic development approaches that...

What is sustainabilityWhat is sustainability

bull A strategy by which communities A strategy by which communities seek economic development seek economic development approaches that also benefit the approaches that also benefit the local environment and quality of lifelocal environment and quality of life

Is a process of Is a process of achieving human achieving human

developmentdevelopment

Contributed through effective Contributed through effective management of management of

social economic and social economic and environment benefitsenvironment benefits

Global Drivers of Global Drivers of SustainabilitySustainability

bull Increasing IndustrializationIncreasing Industrializationbull Proliferation amp Interconnection of Proliferation amp Interconnection of

Civil StakeholdersCivil Stakeholdersbull Emerging TechnologyEmerging Technologybull Effects of Globalization- poverty Effects of Globalization- poverty

inequity population explosioninequity population explosion

Triple Bottom LineTriple Bottom Line

TBLTBLldquo or ldquo or 3BL3BL

What is TBLWhat is TBL

bull An expanded spectrum of values and An expanded spectrum of values and criteria for measuring organizational criteria for measuring organizational and and societal successsocietal success ndash economic ndash economic environmental socialenvironmental social

bull In the private sector a commitment In the private sector a commitment to CSR implies a commitment to to CSR implies a commitment to some form of TBL reporting some form of TBL reporting

The Triple Bottom Line is made up The Triple Bottom Line is made up of Social Economic and of Social Economic and Environmental Environmental

People Planet Profit People Planet Profit

Triple Bottom Line Accounting Triple Bottom Line Accounting

bull Expanding the traditional reporting framework Expanding the traditional reporting framework bull Take into account environmental and social Take into account environmental and social

performance in addition to financial performance in addition to financial performanceperformance

bull Companys responsibility to stakeholders rather Companys responsibility to stakeholders rather than shareholdersthan shareholders

LegislationLegislation

bull Legislation permitting corporations Legislation permitting corporations to adopt a Triple Bottom Line is to adopt a Triple Bottom Line is under consideration in some under consideration in some jurisdictionsjurisdictions

bull The triple bottom line has been The triple bottom line has been adopted as a part of the State adopted as a part of the State Sustainability Strategy Sustainability Strategy

What is triple bottom line What is triple bottom line reportingreporting

1048707 1048707 ldquoldquoAt its narrowest TBL reporting is a At its narrowest TBL reporting is a frameworkframework

for measuring and reporting corporatefor measuring and reporting corporate

(organizational) performance against economic(organizational) performance against economic

social and environmental parametersrdquosocial and environmental parametersrdquo

wwwsustainabilitycomwwwsustainabilitycom

1048707 1048707 A move from one dimensional economicA move from one dimensional economic

reporting to three dimensional economic socialreporting to three dimensional economic social

and environmental reportingand environmental reporting

How is TBL reporting How is TBL reporting accomplishedaccomplished

EconomicEconomicbull 1048707 1048707 Generally Accepted Accounting PrinciplesGenerally Accepted Accounting Principlesbull 1048707 1048707 CustomersCustomersbull 1048707 1048707 SuppliersSuppliersbull 1048707 1048707 EmployeesEmployeesSocialSocialbull 1048707 1048707 Bribery and corruptionBribery and corruptionbull 1048707 1048707 Political contributionsPolitical contributionsbull 1048707 1048707 Child laborChild laborbull 1048707 1048707 Security practicesSecurity practicesbull 1048707 1048707 Indigenous rightsIndigenous rightsbull 1048707 1048707 Training and diversityTraining and diversityEnvironmentalEnvironmentalbull 1048707 1048707 EnergyEnergybull 1048707 1048707 WaterWaterbull 1048707 1048707 BiodiversityBiodiversitybull 1048707 1048707 Emissions effluents and wasteEmissions effluents and waste


Through the application of what is called the Through the application of what is called the GlobalGlobal

Reporting Initiative Reporting Initiative 2002 or GRI and is 2002 or GRI and is defined as defined as ldquoaldquoa

common framework for sustainability common framework for sustainability reportingrdquoreportingrdquo

Started in 1997 by the Coalition for Started in 1997 by the Coalition for EnvironmentallyEnvironmentally

Responsible Economies and the United Responsible Economies and the United NationsNations

GRI became independent in 2002 and GRI became independent in 2002 and is an officialis an official

collaborating centre of the United collaborating centre of the United Nations Environment Programme Nations Environment Programme (UNEP) and works in cooperation with (UNEP) and works in cooperation with UN Secretary-General Kofi Annanrsquos UN Secretary-General Kofi Annanrsquos Global CompactGlobal Compact

GLOBAL REPORTING INITIATIVE

GRI1048707 The Global Reporting Initiative attempts to make

theTriple Bottom Line operational1048707 VISIONThe Global Reporting Initiativersquos (GRI) vision is thatreporting on economic environmental and socialperformance by all organizations becomes as routineand comparable as financial reporting GRIaccomplishes this vision by developing continuallyimproving and building capacity around the use ofits Sustainability Reporting Framework

How organizations strategically How organizations strategically managemanage

CSR through triple bottom line CSR through triple bottom line reportingreporting

TBL reporting enables organizations toTBL reporting enables organizations to1048707 1048707 Measure and manage their financial and Measure and manage their financial and

non-financialnon-financialperformance and impacts or lack thereofperformance and impacts or lack thereof1048707 1048707 Have their performance and impacts Have their performance and impacts

verifiedverifiedindependentlyindependently1048707 1048707 Communicate effectively with consumersCommunicate effectively with consumersgovernments investors employees othergovernments investors employees otherstakeholders and watchdog groupsstakeholders and watchdog groups

bull The implementation of a TBL The implementation of a TBL reporting approach to CSR is an reporting approach to CSR is an incremental process dealing with incremental process dealing with the complex and contestable issues the complex and contestable issues involved in attempting to effectively involved in attempting to effectively integrate economic environmental integrate economic environmental and social performance and social performance measurement into a single reportmeasurement into a single report

ldquoldquoYou cannot talk about CSR You cannot talk about CSR unless you love your people and unless you love your people and your countryrdquoyour countryrdquo

Is a process of Is a process of achieving human achieving human

developmentdevelopment

Contributed through effective Contributed through effective management of management of

social economic and social economic and environment benefitsenvironment benefits
















































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