Approaches to Sustainable Development: Triple Bottom Line and Circular Economy

This paper provides a summarized analysis of various approaches that are geared towards sustainable development, including the triple bottom line, the five capitals, natural capitalism, cradle to cradle, the circular economy, and the balanced scorecard. The study illustrates a practical application of two approaches, the triple bottom line and the circular economy approach, to a given organization, Arla Foods. The challenges and opportunities that are likely to emanate from the adoption of the circular economy approach are brought into perspective.