Business, Society, and Planet

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Business, Society and Planet
Title: Business, Society, and Planet
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Business, Society and Planet
Table of Contents
Introduction......................................................................................................................................2
Sustainability, the Triple Bottom Line and Business......................................................................2
Conclusion.......................................................................................................................................4
References........................................................................................................................................6

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Business, Society and Planet
Introduction
Business sustainability is a common term that I have encountered several times and at
instances, it has also been referred to as corporate sustainability. It proves to be the management
and coordination of social, financial and environmental demands along with concerns so that
ethical and responsible actions can be taken with ongoing success. While speaking of a broader
context, it can safely be said that social, environmental and even economic demands are
considered as the three central pillars that support sustainability. In the domains of the corporate
world, these pillars are sometimes easily identified as the Triple Bottom Line.
Sustainability, the Triple Bottom Line and Business
I have been able to notice that in traditional corporate cultures, environment and social
controls have always created some form of conflict with the financial goals held by the
authorities in the organization. The depletion of non-renewable resources can never be
considered as a sustainable practice (Ahi & Searcy, 2015). The alternatives, in this case, require
huge investments in infrastructure and this is the reason why managers always continue to rely
upon fossil fuels as the least expensive option. While speaking of the goals of sustainability, an
extended timeline is required so that a return on investments can be procured and this appears
quite realistic to me. Once the investments are made, they can actually lead towards high
grounds of profitability, but that comes with patience (Alhaddi, 2015).
The Triple Bottom Line proves to be one of the main farmeworks that are being used by
companies in order to evaluate the gains that they make through corporate sustainability
endeavors. This method demands the authorities to see beyond the traditional perspective held in
the business to the various gains that organizations make environmentally, economically and