Analyzing a Sustainable Business Report

Running head: ANALYZING A SUSTAINABLE BUSINESS
Analyzing a Sustainable Business
Name of Student-
Name of University-
Author’s Note-

ANALYZING A SUSTAINABLE BUSINESS1
Approaches to sustainable development
The Triple Bottom Line Approach: The TBL approach is considered as accounting
framework that includes three parts: Social, ecological and financial. The approach of TBL in
sustainable development helps in expanding framework of traditional reporting to social account
along with environmental performance and financial performance (Goh 2017). This approach
states that the responsibility of the company lies with the stakeholders instead of the
shareholders.
The Five Capital Approach: The basic concept of this model include five capitals that a
business requires to deliver the products as well as the services. All the five capitals in this model
helps to increase the profit of the business (Broman and Robèrt 2017). The capitals that are
included in this approach is natural capital, human capital, social capital, manufactured capital,
and financial capital.
Natural capitalism Approach: This includes means of identifying as well as quantifying
all the natural resources as well as goods associated with the ecosystem (Gazzola and Querci
2017). All the natural resources, goods and services helps in integrating development, economic
decision making, and management that is economic oriented. NCA mainly operates on
ecosystem approach and helps to facilitate the policy making to have sustainable development.
Cradle to Cradle Approach: This includes sustainable strategy of business that helps to
regenerate the cycle of nature where the waste can be reused (Meyer and Schneider 2019). The
main goal of this approach is to create a cyclical process in place of linear one. The main aim of
this approach is decreasing the waste.

ANALYZING A SUSTAINABLE BUSINESS2
The Circular Economy Approach: This approach is mainly presented as system
resource utilization that includes reduction, recycling, and include reusing of the elements that
includes in the organization. The circular economy helps to minimize the production to some
bare minimum and the time it is necessary to get the product, and reuse of elements that are not
returned to environment (Sauvé, Bernard and Sloan 2016). This approach mainly promotes using
of the biodegradable materials that are possible for the manufacturing of the products. The main
idea to use biodegradable products is that the products will go back to the nature without cause
of ant environmental damage at end of their life.
The Balanced Scorecard Approach: The Balanced Scorecard mainly includes four
main criteria. The sustainability should satisfy the Triple bottom line approach of sustainability
that is it should include economic, environmental performance and social performance. This
must include performance metrics that are understood and well communicated (Lu et al. 2018).
Sustainable development should add value as well as integrate them to value adding system of
organization and last criteria is to support the existing management tools as well as resources.
Sustainable development approach used in diesel engine manufacturer in
automotive industry
Cradle to Cradle Approach: The manufacturer General Motors is an automotive
manufacturing industry that manufactures nearly about 9.9 million cars each year. This company
has used creative materials of reusing the materials that are used in the manufacturing process.
The reuse of metals was mainly done by the manufacturer along with worn tires as well as
packaging of the supplies from the company (Gbededo, Liyanage and Garza-Reyes 2018). This
reuse project mainly occurred in the year 2010 in the Deepwater Horizon old spill. In that oil