What is sustainability
• A strategy by which communities seek economic
development approaches that also benefit the
local environment and quality of life
Is a process of achieving
human development
Contributed through effective
management of social ,economic and
environment benefits
Global Drivers of Sustainability
• Increasing Industrialization
• Proliferation & Interconnection of Civil
Stakeholders
• Emerging Technology
• Effects of Globalization- poverty, inequity,
population explosion
Triple Bottom Line
TBL“ or "3BL",
What is TBL
• An expanded spectrum of values and criteria for
measuring organizational and societal success –
economic, environmental, social.
• In the private sector, a commitment to CSR
implies a commitment to some form of TBL
reporting.
The Triple Bottom Line is made up of "Social,
Economic and Environmental"
"People, Planet, Profit "
Triple Bottom Line Accounting
• Expanding the traditional reporting framework
• Take into account environmental and social performance in
addition to financial performance.
• Company's responsibility to 'stakeholders' rather than
shareholders.
Legislation
• Legislation permitting corporations to adopt a
'Triple Bottom Line' is under consideration in
some jurisdictions.
• The triple bottom line has been adopted as a
part of the State Sustainability Strategy
What is triple bottom line reporting?
􀂃 “At its narrowest TBL reporting is a framework
for measuring and reporting corporate
(organizational) performance against economic,
social and environmental parameters”
www.sustainability.com
􀂃 A move from one dimensional economic
reporting to three dimensional economic, social
and environmental reporting
How is TBL reporting
accomplished?
Economic
• 􀂃 Generally Accepted Accounting Principles
• 􀂃 Customers
• 􀂃 Suppliers
• 􀂃 Employees
Social
• 􀂃 Bribery and corruption
• 􀂃 Political contributions
• 􀂃 Child labor
• 􀂃 Security practices
• 􀂃 Indigenous rights
• 􀂃 Training and diversity
Environmental
• 􀂃 Energy
• 􀂃 Water
• 􀂃 Biodiversity
• 􀂃 Emissions, effluents, and waste
How is TBL reporting accomplished?
Through the application of what is called the Global
Reporting Initiative 2002 or GRI and is defined as “a
common framework for sustainability reporting”
Started in 1997 by the Coalition for Environmentally
Responsible Economies and the United Nations
GRI became independent in 2002, and is an official
collaborating centre of the United Nations
Environment Programme (UNEP) and works in
cooperation with UN Secretary-General Kofi
Annan’s Global Compact.
GLOBAL REPORTING INITIATIVE
GRI
􀂃 The Global Reporting Initiative attempts to make the
Triple Bottom Line operational
􀂃 VISION
The Global Reporting Initiative’s (GRI) vision is that
reporting on economic, environmental, and social
performance by all organizations becomes as routine
and comparable as financial reporting. GRI
accomplishes this vision by developing, continually
improving, and building capacity around the use of
its Sustainability Reporting Framework.
How organizations strategically manage
CSR through triple bottom line reporting
TBL reporting enables organizations to:
􀂃 Measure and manage their financial and non-financial
performance and impacts, or lack thereof
􀂃 Have their performance and impacts verified
independently
􀂃 Communicate effectively with consumers,
governments, investors, employees, other
stakeholders and watchdog groups
• The implementation of a TBL reporting
approach to CSR is an incremental process,
dealing with the complex and contestable issues
involved in attempting to effectively integrate
economic, environmental and social
performance measurement into a single report
“You cannot talk about CSR unless you love
your people and your country”