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CSM80002 - Triple Bottom Line and Sustainability Construction

17 Pages4252 Words95 Views
   

Swinburne University of Technology

   

Environment Sustainability in Construction (CSM80002)

   

Added on  2020-03-02

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In the article, Triple Bottom Line (TBL) has been used to explain the achievement of sustainable construction through the demonstration of the economic, environmental and social aspects of its concept. However, from the analysis, TBL concepts are essential in improvement of economic development disciplines since it establishes different responses to the existing gaps in the economy, environment, and community. It includes challenges faced by H-Young company, global reporting indicator(GRI) and the relationship between the TBL and sustainable development.

CSM80002 - Triple Bottom Line and Sustainability Construction

   

Swinburne University of Technology

   

Environment Sustainability in Construction (CSM80002)

   Added on 2020-03-02

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TRIPLE BOTTOM LINES AND SUSTAINABILITY CONSTRUCTIONName of studentSubject nameDate
CSM80002 - Triple Bottom Line and Sustainability Construction_1
ContentsAbstract............................................................................................................................................3Introduction......................................................................................................................................4H-Young Company......................................................................................................................4Challenges faced by H-Young Company in Sustainable Construction.......................................5Triple Bottom Line.......................................................................................................................5Global Reporting Indicator (GRI) and sustainable development.................................................7Relationship between the TBL and sustainable development.....................................................9Significance of the triple bottom line in sustainable construction.............................................11Conclusion.....................................................................................................................................15References......................................................................................................................................16
CSM80002 - Triple Bottom Line and Sustainability Construction_2
AbstractIn the article, Triple Bottom Line (TBL) has been used to explain the achievement of sustainable construction through the demonstration of the economic, environmental and social aspects of its concept. However, from the analysis, TBL concepts are essential in the improvement of economic development disciplines since it establishes different responses to the existing gaps in the economy, environment, and the community. Therefore, Triple Bottom Line has a significant correlation with the realization of the sustainable construction in every organization.
CSM80002 - Triple Bottom Line and Sustainability Construction_3
IntroductionH-Young is a reputable international company that specializes in building and construction. However, the firm has often been challenged with the realization of the sustainability as part of the objectives and goals in operations. Such a scenario has been enhanced by the idea that the organization cannot institute an effective framework for measuring their degree of sustainability, which enhances the development of the triple bottom lines (TBL). The concept used in the TBL allows for the measurement of value in relation to the environmental and social dimensions. Besides, the approach aims at evaluating the outcome of investments made by the company based on performance to account for the sustainable goals1. The upfront has enables the widespread use of the TBL in accounting for performance at various levels. For such reasons, H-Young Company has fully incorporated the technique in managing the organization and part of its corporate strategy. For example, development of a measure to sustainability for the employee's performance and welfare of the organization has been improvedthrough the TBL framework. H-Young Company The H-Young Company has a primary focus on civil and structural construction, which exposes most of their activities to social, environmental and economic challenges, site clearance, trees removal, excavation, and resource utility among others. However to assist in the realization of sustainable construction various policies have been adopted. For instance, the environmental policy influences approaches to conservation and sustainability. As well, the Global Reporting Indicator has been used in providing financial frameworks in the company. Challenges faced by H-Young Company in Sustainable Construction1Bennett, M. J., &Giloth, R. P. (2007).Economic development in American cities: The pursuit of an equity agenda. Albany: State University of New York Press.
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