Sustainability

Paper Summary:

This paper discusses sustainability and resource management in terms of the triple bottom line, an approach which accounts for economic prosperity, environmental quality, and social justice. It looks at how although these are not elements normally thought of as part of the business mandate, they must be if business is to achieve the sustainability required in a world that shows diminishing resources and the need to control for and eliminate environmental damage.

From the Paper:

"The triple bottom line approach to resource management emerges from the effort to maintain a sustainability agenda, which in turn involves the effort to harmonize "the traditional financial bottom line with emerging thinking about the environmental bottom line" (Elkington 2). The triple bottom line accounts for economic prosperity, environmental quality, and social justice. These are not elements normally thought of as part of the business mandate, but they must be if business is to achieve the sustainability required in a world that shows diminishing resources and the need to control for and eliminate environmental damage. The triple bottom line is described as a challenge and one that cannot be refused unless the global economy wants to be destroyed. In addition, meeting this challenge for the multinational or transitional company involves bringing pressure on vendors, suppliers, and partners to do the same thing. "

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