Business, Society & the Planet Report 2022

BUSINESS, SOCIETY & THE
PLANET

Contents
Introduction.................................................................................................................................................3
Sustainability, triple bottom line and business.............................................................................................3
Six forms of capital used by organizations..................................................................................................4
Illustrations of businesses that has successfully engaged in sustainable business........................................5
Conclusion...................................................................................................................................................6
References...................................................................................................................................................7

Introduction
This report emphases on sustainability and it needs every corporation to weigh activities on three
continuous measures such as cost-effective, environmental, and social sustainability. These three
organizations intended at long-term sustainability as per CSR theory. It is a reflection on
financial sustainability emphases on long term sustainability as due to its nature of the persistent
company (Alhaddi, 2015). A result will create economic boon in short-term but it causes long
term reduction in the bottom-line to certain point that is actionable. Social sustainability
precedence to balancing the economic power in society (Cultivating capital, 2019).
Sustainability, triple bottom line and business
Triple bottom line is one of major system as used by the corporates in order to examine profits
with the help of corporate sustainability solution. This method asks to foresee above outdated
bottom-line of the business to the returns where the business make carefully¸ socially, and
environmentally (Glavas, & Mish, 2015). Evaluating the business with the use of triple bottom
line, which is the best marker of till what extent the business will be sustainable. I think, this
approach assists the business professionals to find risks as well as opportunities, while talking
about traditions, on-dimensional ideas of the organization (Gou, & Xie, 2017). I think relying on
the manufacturing of low rates goods have been made from the fossil fuels, which will become
increasingly scarcity and raw material the come from the area affected by climate changes. It is
dependent upon to look to mitigate the risks by seeing the sustainable option and operating it in
less harming way. I perceive that, there are tremendously available to the business right. I
perceive that with a shift in the CSR theory, triple bottom line strives to assume that company is
a member of honest public (Hussain, Rigoni, & Orij, 2018). I perceive that competition among
the business pitch is quite common, and encouraged with capitalize on the bottom line in

concerns of social terms that will be needed to foster business environment through which it can
succeed. It can foster good to the single corporation for their thriving (Longoni, & Cagliano,
2018).
Six forms of capital used by organizations
Social capital- This context includes social and relationship capital in business, which consists of
strengths, community acceptance, relationships with the competitors, customer loyalty, and just-
in-time delivery system (Smith, 2016).
Financial capital- I perceive that, Financial capital has been unwritten as the pool of capitals
given to the organization. This will include equity and debt investment that focus on source of
funds as compared to the application where results in acquisition of manufacturing and forms of
capital (Smith, 2016). In admit that non-monetary variables have been come up with monetized
and commoditized with a significant proportion of how the company regards monetary capital
while relating to the end product (Smith, 2016).
Material capital- I perceive that, manufactured capital is on the basis of construction oriented,
tools, apparatus, and human shaped. It is important to signify the integration of different types of
capital. This capital has been owned by the company appearing in financial statements. I
perceive that, this capital depends on the flow of monetary capital in order to allocate the
resources while deploying and building it. It also embody the elements in the intellectual capital
that is plant and equipment (Svensson, Høgevold, Ferro, Varela, Padin, & Wagner, 2016).
Intellectual capital- I perceive that, intellectual capital is an important element of the company
ensuring potential of future earnings. With intellectual property, human resources, innovation
and R&D that can finally determine competitive advantage (Svensson, Høgevold, Ferro, Varela,

Padin, & Wagner, 2016). It provides clarity where the company creates competitive advantage to
avail narrative things that will further explain with business model for the formation of worth
and value chain placing. It is regarding the internal reporting, control and management in order
to converse to the external stockholders regarding the organizations (Svensson, Høgevold, Ferro,
Varela, Padin, & Wagner, 2016).
Human capital- I perceive that, it consists of person`s abilities, their knowledge, experience and
skills of the organization`s managers and employees. Compliance with competencies, intangible
asset, attitudes and the skills to drive valuable and tangible resources (Wilson, 2015).
Natural capital- this will include natural resources that depend on ecosystem facilities including
climate guidelines. The emerging field of CSR and sustainability that would translate the ideal of
the sustainable aspects of stakeholders into its practical achievement points penetrating a way to
measure other forms of capital in same way of qualify financial capital. In claim that it includes
ecofriendly consultancy Trucost instancing that it has advanced formulas to put price on the
usual prices (Wilson, 2015).
Illustrations of businesses that has successfully engaged in sustainable business
McElroy thinks of thinking whether the organizations have been annoying to congestion a whole
peg in the stout hole. This recommends natural, social with other several forms of capital that has
been assessed not in financial terms. Some of important examples are Marks & Spencer of UK,
L`Oreal SA, Colgate, Intel, Accenture, Apple Inc., and General electric co. I feel that these
companies imply four important ways that can improve sustainability initiatives (Wilson, 2015).
U.S. supreme court has been ruling the company`s legal person as being protected by the concept
of the corporation to be a “good citizen”. I think, with continuous efforts as being a part of

company`s mission as they have been making commitments to sustain an become essential part
of bottom line. This suggests that these choices, companies and the supply-chain have been
deliberately created to combine superior sustainability enterprises. Google make sustainable
efforts called to be Google Green in order to use the resources more effectively leading the
organization to drop the power necessities for data cores with an average of 50 percent (Wilson,
2015). Starting with “green team” aimed at the employees in order to meet and discuss the ways
while making the changes, which affect it every day. It has simply started with recycling
program in office and the other huge initiatives like the “Xerox” the community involvement
program that includes community focused sustainability initiatives (Wilson, 2015).
Conclusion
With the help of illustrations, it can be seen that the organization has to comply with the rules
and regulation made by the government in the name of EPA (Environmental Protection Act).
Sustainability efforts start with CSR, employees, which is included in imperative successful
initiatives as they are the one having biggest impact on executing them.

References
Alhaddi, H. (2015). Triple bottom line and sustainability: A literature review. Business and
Management Studies, 1(2), 6-10.
Cultivating capital (2019). The Breakthrough Thinking of the Triple Bottom Line. Retrieved
from: https://www.cultivatingcapital.com/business-sustainability-triple-bottom-line/
Glavas, A., & Mish, J. (2015). Resources and capabilities of triple bottom line firms: going over
old or breaking new ground? Journal of Business Ethics, 127(3), 623-642.
Gou, Z., & Xie, X. (2017). Evolving green building: triple bottom line or regenerative
design? Journal of Cleaner Production, 153, 600-607.
Hussain, N., Rigoni, U., & Orij, R. P. (2018). Corporate governance and sustainability
performance: Analysis of triple bottom line performance. Journal of Business Ethics, 149(2),
411-432.
Longoni, A., & Cagliano, R. (2018). Sustainable innovativeness and the triple bottom line: The
role of organizational time perspective. Journal of Business Ethics, 151(4), 1097-1120.
Smith, M. (2016). Business sustainability and the triple bottom line: Considering the
interrelationships of people, profit, and planet. In Learner-Centered Teaching Activities for
Environmental and Sustainability Studies (pp. 181-186). Springer, Cham.
Svensson, G., Høgevold, N., Ferro, C., Varela, J. C. S., Padin, C., & Wagner, B. (2016). A triple
bottom line dominant logic for business sustainability: framework and empirical
findings. Journal of Business-to-Business Marketing, 23(2), 153-188.

Wilson, J. P. (2015). The triple bottom line: Undertaking an economic, social, and environmental
retail sustainability strategy. International Journal of Retail & Distribution
Management, 43(4/5), 432-447.