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Triple Bottom line - Coggle Diagram
Triple Bottom line
Societal Impacts
Address the effects of business on marginalised groups.
- local communities in developing countries
- weak categories of people:
Chronic illness, life situations (Immigrants), increased isolation of people
Social impact generated can be measured by:
- quality of services
- creativity
- innovativeness
- n.o of users
- quality of social relations
Economic impacts
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- Training
- Leverage of financial resources
- dissemination of knowledge
- creation of relational resource
Environmental impacts
Introduce innovative solutions:
- improve conservation of natural resources
- reduce production of waste and pollution
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'Not just create economic or financial value.. spectrum of aims including productions of environmental and social value.' (Elkington, 1998)
Components of sustainability - 'refers to the long term maintenance of systems according to environmental, economic and social considerations' (Crane and Matten, 2007)
3ps: People, Planet and Profit