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TMA01 Essay: Ambercycle (The role of green Innovation (task 4.2B (What do…
TMA01 Essay: Ambercycle
Triple Bottom Line
societal
helps communities affected previously by textile polluting their water, etc.
Gov funding, grants, partnerships, education on the benefits and benchmarking to show it will benefit them in the long run. The critical task for policymakers
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is accounted for by human well-being, or to what extent business cares about people and societal needs.
economic
provides an affordable way to recycle textiles so there is incentive to use this method without affecting financial bottom line.
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environmental
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is measured through the so-called 'planet account', which identifies the environmental sustainability of the business.
ways of measuring:
- environmental and social auditing, eco-efficiency analyses,
lifecycle assessments (LCAs), environmental management systems (EMS),
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- Responsible consumption and production
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has more positive impact on communities as it does not waste their local resources as much as regular textile production/recycling
- Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
"To achieve inclusive and sustainable industrialization, competitive economic forces need to be unleashed to generate employment and income, facilitate international trade and enable the efficient use of resources" (SDG report)
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