January 2023
Intermediate to advanced
250 pages
11h 7m
English
Content preview from Logistics and Supply Chain Management, 6th Edition
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The triple bottom line
This definition can be further augmented by adopting the parallel idea of the ‘triple bottom line’.2 The triple bottom line concept emphasises the importance of examining the impact of business decisions on three key arenas:
- ●Environment: For example, pollution, climate change, the depletion of scarce resources, etc.
- ●Economy: For example, the effect on people’s livelihoods and financial security, the profitability of the business, etc.
- ●Society: For example, the reduction of poverty, the improvement of working and living conditions, etc.
These three elements – the 3Ps of People, Profit and Planet – are inevitably intertwined and they serve to remind us that for a business to be truly sustainable, it must pay regard ...
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