International Business Administration SIB540 Lecture Notes - Lecture 3: Triple Bottom Line, Operations Management, Natural Capital
20 Jan 2018
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Document Summary
Environmentally-conscious business practices help attract and retain the best employees by increasing employee satisfaction and pride in the workplace. According to a monstertrak poll on green employment, 92% of young professionals would be more inclined to work for an environmentally-friendly company. Socially and environmentally responsible assets rose more than 324% from 1995 to 2007, signaling a growing interest in sustainability among investors. According to the nrdc, bank of america reduced the weight of its atm receipts from 20 pounds to 15 pounds, saving paper, transportation, storing and handling costs, to the tune of ,000 a year. Coca-cola"s efforts to cut down on packaging saved it . After marks & spencer adopted environmental and ethical business guidelines, the company earned an extra 50 million pounds in revenue. million. Triple bottom line: often called people, plant profit, triple bottom line is an alternative way of looking at a business that includes 3 elements: Provisions for fines, insurance and other legal-related costs.
