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We assumed the roles you would expect at a manufacturing site designed to supply a global market — supply chain, operations, HR, marketing, sales, IT, EHS — as well as the roles sometimes considered "fringe" but that are in reality critical success factors such as government officials (a local mayor) and civil society (an NGO leader).
For two decades I have leaned heavily on the triple-bottom-line model, where we challenge ourselves (in the corporate world) to innovate within our environmental and social initiatives and execute projects with a clear positive economic impact.
Supply Chain is a Triple-Bottom-Line Issue The triplebottomline is a framework to measure the benefit to the people, planet, and monetary outcome (profit). Why is this a triple-bottom-line issue?
In the 1990s, progressive economists were pushing for what they called full-cost accounting: a triplebottomline that took profits, people and the planet into consideration. She found herself burrowing back into her textbooks, returning to first principles as she tried to come up with a meaningful way to measure social impact.
As organizations increasingly shift their strategies toward a triple-bottom-line approach focused on profits, planet, and people, it’s this last pillar that is intrinsically part of the other two despite being historically overlooked. We know that getting this right — or wrong — has real implications.
Elizabeth Vargas Vilca and her staff at her shoe manufacturing business. All it requires is that we commit to and intentionally invest in prioritizing and designing products and services that women want and need with the recognition that in doing so we’re capitalizing on an enormous triple-bottom-line opportunity.
By delivering solutions that help our customers lessen their environmental footprint, we can continue making a difference long after our manufacturing processes are complete.”.
Alongside traditional renewable technologies, such as solar, wind and hydropower, it can harness a triplebottomline effect, solving climate change, the energy resilience crisis and price in one big bang. If we all reduce, separate and collect food waste it becomes cost neutral and highly environmentally beneficial.
We recently established industry-defining sustainability goals: working to have 100% of our labeled ingredients Made Traceable (publicly sharing final place of manufacturing and supplier names), sustainable packaging by 2025, and working toward net zero emissions. Katerina Schneider: To us, traceability is more than transparency.
In a recent discussion with Suplicy, I learned that during the pandemic, Barnana doubled its sales, continued to introduce new products, acquired its longstanding Latin American supply and manufacturing partner, Agroapoyo , and assembled a world-class executive leadership team. Yet Barnana has succeeded and grown in doing so.
This model is also described as reuse, repair and re-manufacture. 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 leader in water, hygiene and energy services sells to a diverse collection of institutions such as hospitals, food and beverage providers, as well as heavy industry including power plants and plastic manufacturers. It has boosted manufacturing waste recovery and reuse by 275 percent over the past three years.
It’s evidence that the “triplebottomline” (profit, people and planet) doesn’t compromise the single bottomline – but expands it. Since 2002 (the year we published our first Best 50 list), Best 50 companies have rewarded their shareholders with 128% higher returns than the overall composite index.
Corporate Social Responsibility (CSR) is a voluntary, self-regulated practice through which corporations develop social, environmental, and economic policies and programs – sometimes referred to as the “triplebottomline” – aimed at elevating their corporate culture and brand by making a positive impact in their communities.
The lucky grantees included clusters on clean energy, next-gen agriculture, advanced manufacturing, semiconductors, and robotics, among others. Like a lot of Heartland cities, Tulsa’s manufacturing base was shrinking, and the region was struggling to participate in tech. 35 million went to Oklahoma City and $38.2 million went to Tulsa.
She became intrigued by her clients’ requests for investments with a triplebottomline — and the very notion that profitability and impact needn’t be mutually exclusive. . Robotics, additive manufacturing, digital platforms, artificial intelligence, retrofits and prefabrication are all on the table.
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