Business, Society & the Planet Report 2022

   

Added on  2022-10-11

8 Pages1647 Words7 Views
BUSINESS, SOCIETY &
THE PLANET
Business, Society & the Planet Report 2022_1
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
Business, Society & the Planet Report 2022_2
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 This method asks to foresee above outdated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
Business, Society & the Planet Report 2022_3

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