Sustainability Triple Bottom Line (TBL)

Sustainability 1
Sustainability
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Sustainability 2
Sustainability
Triple Bottom Line (TBL)
The Triple Bottom Line (TBL) is an approach that recommends that firms should commit
their focus on environmental and social concerns similar to what they do on their return on
investment (Slaper and Hall 2011). The TBL advocates for three bottom lines instead of one,
which includes; planet, people, and profit. It is similarly described as social, environmental, and
financial model or approach. This approach is important since it enables businesses to not only
focus on their profit but also on the environment and people living in that environment.
The Five Capitals Model
It is a sustainable development model developed in the 1990s by the forum for the future.
It is applied to show stocks and flows of resources and their relation to a sustainable economy.
Its purpose is to show the interlinking of different kinds of capital and the procedure through
which the firm can use to get a balance in environmental and social needs (Khoja, Lemon, Fisher
and Algaddafi 2017). Its five basic parts are the nature of capital, social capital, human capital,
manufactured capital, financial capital, and manufactured capital.
Natural Capitalism
It is a strategy that focuses on eliminating the whole concept of waste through the
adoption of biological patterns, processes, and materials. It means, eliminating any output form
the industry that reflects a disposal cost and not a sale-able product (Ottman 2017). This process
is sufficient as it will keep the environment clean and favorable for living.

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Cradle to cradle
It is a sustainable business approach that sets its processes on the basis of the regenerative
cycle of nature. It advocates for the re-use of waste from one procedure into another process,
making sure that nothing is wasted (Hansen 2018). Things that can be reused or recycled should
no longer be a threat to the environment. Cradle to cradle advocates for re-use, and this will
ensure that the environment is clean.
Circular Economy
It is an economical approach of closed loops where raw materials, products, and their
components lose their value as least as possible. In this case, renewable energy and sources are
applied with system thinking of the epicenter (Lüdeke‐Freund, Gold, and Bocken 2019). The
approaches reduced the uses of raw materials, re-use of maximum re-use of components and
products, and recycling of raw materials.
Balanced Score Card
It is a strategy performance management tool that uses a semi-standard in structure report
which is used by the firm managers to monitor how the staff executes activities within their
control and monitor the impacts of these actions. In this strategic management approach,
businesses communicate what they are focusing on accomplishing (Mehralian, Nazari,
Nooriparto, and Rasekh 2017). They align the day to day activities that everyone in the firm
undertakes with the overall business strategy. It prioritizes products, projects, and services while
measuring and monitoring their progress toward achieving strategic targets. The importance of

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using a balanced scorecard is that it is easy to keep track and also motivates staff to work hard
and to be aggressive. Many businesses using this method tend to have a high productivity rate
since employees are remunerated on how they have performed, so the strategy eliminates
joyriders and lazy staff in the system.
Application
Sustainability in business processes is a goal that every company wishes to achieve.
Similar to other organizations, firms in the automotive industry work towards sustainability. One
of the firms in this industry is Toyota Motor Cooperation, which is a Japanese multinational
automotive manufacturer established in Toyota, Aichi, Japan. Toyota considered social and
environmental issues of paramount significance to improve the future society and seeks to build
robust relationships with all its stakeholders in sustainability. On the other hand, measuring the
degree to which Toyota is undertaking or being sustainable can be challenging for the company
management.
TBL reporting of Toyota
Several methods can be used in measuring Toyota’s corporate sustainability. One of them
is the Triple Bottom Line (TBL) approach. The reporting of this approach captures an extended
spectrum of values that are applicable in measuring the success of an organization in terms of
society, environment, and society (Dutta 2011). TBL incorporates three pillars, planet, people,
and profit. In this type of reporting, economic sustainability involves employment generation,
economic profitability, and competitiveness in the market.
The first reporting measure is the economic performance of the Toyota Company. The
business generated is an indicator of such, where Toyota invests in designing and manufacturing