By Adrian Johansen There are various priorities involved with running a successful business. Some of these are naturally directed toward the happiness of...
Archive for tag: Sustainable business
Tips for Applying to Sustainable Companies
By Adrian Johansen Sustainability has become a priority in our society over the past several years. The line that marks the irreversible effects of...
Why Businesses Need to Focus On Sustainability
By Adrian Johansen We are living in an increasingly ecologically-focused society and with good reason. The potential for the irreversible effects of climate...
Empowering Sustainable Business Leaders
By Mark White In just the last 100 years, humanity has enjoyed tremendous advances in medical care, greater social justice, innovative transportation and communication...
Small Business Guide to Energy Conservation
By BUSINESS.COM Editorial Staff Energy conservation isn’t a choice to consider – it’s a competitive advantage you can’t afford to ignore. “The slightest persistent waste...
Single Organizing Idea–A Force for Good: An Interview with Neil Gaught
By MIRIAM ACZEL Miriam Aczel recently interviewed Neil Gaught, author of ‘Core: How a Single Organizing Idea Can Change Business for Good,’ on the concept...
The Time for Business to Act is Now
On the 25th September 2015 in New York a document entitled Transforming our World: The 2030 Agenda for Sustainable Development was endorsed by the 193 countries of the UN General Assembly. The Agenda set out 17 Sustainable Development Goals (SDGs) and 169 targets covering a range of issues facing humanity including action on ending poverty, combating hunger, universally improving health and education, making our cities more sustainable, tackling climate change and protecting our oceans and forests.
Unlike the Millennium Development Goals that came before them, the ambition and universality of the SGDs meant that every country on the planet, developed or developing, stands to benefit. Delivering on the goals we we’re assured by the authors of the agenda would create a fairer world, one where reduced poverty, improved health and better education would create greater wealth that would be more evenly distributed.
What is the Triple Bottom Line and Why is it Crucial for Business Success?
The ‘triple bottom line,’ a phrase first coined by John Elkington in 1994, is a concept that expands how a business’s performance is measured to include social and environmental goals to its financial bottom line.
The triple bottom line is therefore used as a measure of a company’s economic performance and valuation, its level of corporate social responsibility (CSR), as well as its environmental sustainability standards and impacts. And it matters: for example, a 2013 study by Cone Communications and Echo Research showed that 82 percent of consumers in the United States considered the company’s CSR when deciding where to purchase goods and services.