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...
Archive for tag: Sustainable business
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.
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.