Question

what is the triple bottom line concept? discuss 5 examples of private or public companies in the world that apply the triple bottom line concept . Provide some evidence on why their activities care about the people, the planet and generate profits.? two pages maximim thanks!

Answer 1

The triple bottom line is a concept which broadens a business focus on the financial bottom line to include social and environmental considerations. A TBL measures a company's degree of social responsibility, its economic value and its environmental impact.

Focused on triple bottom line operations, these 7 companies are adapting their operations to be more environmentally conscious.

1. Seventh Generation

In an industry like cleaning products where harsh chemicals rule, Seventh Generation has proven that cleaning products can be environmentally sound. They use natural ingredients that still provide effective cleaning capability while at the same time protecting people and the environment. Seventh Generation has even expanded into baby products and feminine care products.

2. DHL

By their very nature, shipping companies are large consumers of oil and gasoline. After all, those packages don’t move themselves. DHL is taking shipping back to the basics, enacting a revolutionary delivery program to illustrate that shipping can be more efficient. They now use couriers on bicycles in many European countries, including Germany and the Netherlands. DHL estimates that this change alone will reduce their carbon dioxide emissions by 152 metric tons per year.

3. EnviroPure Systems

Food waste and disposal is a big issue for restaurants and supermarkets. EnviroPure Systems has created a revolutionary solution that helps effectively dispose of organic food waste without resorting to landfills. The food waste solution speeds up the composting process and creates a byproduct that can then be used for landscaping and gardens.

4. Due

Much like payment processing, invoicing has historically been a paper intensive process. Due’s revolutionary online invoicing platform is changing that. Online invoicing takes paper out of the equation, with invoices now being accessed via email or through a link. The recipient can now go online, view the invoice, and then pay it directly.

5. The Eco-Laundry Company

Eco-Laundry Company locations are powered his stores with wind energy, use machines that conserve water and non-toxic, biodegradable soaps and detergent. Their green dry cleaning service also uses biodegradable hangers. Looking to revolutionize the industry, The Eco-Laundry Company offers franchise opportunities.