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By including profit as part of the definition of sustainability, perhaps we are overlooking the fact that profit inherently oppresses, excludes, and marginalizes people and communities.
The social purpose business model is widely misunderstood by business schools and is often conflated with an emphasis on sustainability performance, triple-bottom-line accounting, adherence to ethical standards and other non-financial metrics of company performance that do not by themselves make a purpose-driven company.
We strove to adhere to Rio Negro's vision and meet aggressive triplebottom-line targets as major systemic issues hit its operations — geopolitical tensions and natural disaster brought on by climate change. We did this all while facing, relentlessly, shareholder demands for their expected return on investment.
It’s important to understand that for a company to be truly sustainable, it must broaden its definition of “sustainability” to include planet, people, and profit – what’s known as “the triplebottomline.” Blanch: Our Vision 2030 goals take a comprehensive approach to sustainability.
Still, there are disparate definitions of some standard sustainability terms that can be a source of confusion. While there are commonalities between CSR and ESG, there are unique factors that inform the core definitions of CSR and ESG. How is CSR defined? Global Perspectives: A Look at India’s Sustainability Efforts.
In 2019, ALA Council added Sustainability as a core value of the profession, adopting the triplebottomlinedefinition of sustainability to ensure … Continue reading ALA E-Learning Course: Sustainable Librarianship: Core Competencies and Practices
Triplebottomline – is a framework or theory that recommends that companies commit to focus on social and environmental concerns just as they do on profits. The TBL posits that instead of one bottomline, there should be three: profit, people, and the planet. Climate change.
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