What is sustainability

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What is sustainability

• A strategy by which communities seek economic
  development approaches that also benefit the
  local environment and quality of life

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Is a process of achieving human development

• Contributed through effective management of
  social ,economic and environment benefits

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Global Drivers of Sustainability

• Increasing Industrialization
• Proliferation Interconnection of Civil
  Stakeholders
• Emerging Technology
• Effects of Globalization- poverty, inequity,
  population explosion

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Triple Bottom Line

• TBL or "3BL",

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What is TBL

• An expanded spectrum of values and criteria for
  measuring organizational and societal success
  economic, environmental, social.
• In the private sector, a commitment to CSR
  implies a commitment to some form of TBL
  reporting.

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• The Triple Bottom Line is made up of "Social,
  Economic and Environmental"
• "People, Planet, Profit "

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Triple Bottom Line Accounting

• Expanding the traditional reporting framework
• Take into account environmental and social
  performance in addition to financial performance.
• Company's responsibility to 'stakeholders' rather
  than shareholders.

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Legislation

• Legislation permitting corporations to adopt a
  'Triple Bottom Line' is under consideration in
  some jurisdictions.
• The triple bottom line has been adopted as a part
  of the State Sustainability Strategy

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What is triple bottom line reporting?

• ?? At its narrowest TBL reporting is a framework
• for measuring and reporting corporate
• (organizational) performance against economic,
• social and environmental parameters
• www.sustainability.com
• ?? A move from one dimensional economic
• reporting to three dimensional economic, social
• and environmental reporting

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How is TBL reporting accomplished?

• Economic
• ?? Generally Accepted Accounting Principles
• ?? Customers
• ?? Suppliers
• ?? Employees
• Social
• ?? Bribery and corruption
• ?? Political contributions
• ?? Child labor
• ?? Security practices
• ?? Indigenous rights
• ?? Training and diversity
• Environmental
• ?? Energy
• ?? Water
• ?? Biodiversity
• ?? Emissions, effluents, and waste

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How is TBL reporting accomplished?

• Through the application of what is called the
  Global
• Reporting Initiative 2002 or GRI and is defined
  as a
• common framework for sustainability reporting

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• Started in 1997 by the Coalition for
  Environmentally
• Responsible Economies and the United Nations
• GRI became independent in 2002, and is an
  official
• collaborating centre of the United Nations
  Environment Programme (UNEP) and works in
  cooperation with UN Secretary-General Kofi
  Annans Global Compact.

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GLOBAL REPORTING INITIATIVEGRI

• ?? The Global Reporting Initiative attempts to
  make the
• Triple Bottom Line operational
• ?? VISION
• The Global Reporting Initiatives (GRI) vision is
  that
• reporting on economic, environmental, and social
• performance by all organizations becomes as
  routine
• and comparable as financial reporting. GRI
• accomplishes this vision by developing,
  continually
• improving, and building capacity around the use
  of
• its Sustainability Reporting Framework.

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How organizations strategically manageCSR
through triple bottom line reporting

• TBL reporting enables organizations to
• ?? Measure and manage their financial and
  non-financial
• performance and impacts, or lack thereof
• ?? Have their performance and impacts verified
• independently
• ?? Communicate effectively with consumers,
• governments, investors, employees, other
• stakeholders and watchdog groups

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• The implementation of a TBL reporting approach to
  CSR is an incremental process, dealing with the
  complex and contestable issues involved in
  attempting to effectively integrate economic,
  environmental and social performance measurement
  into a single report

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• You cannot talk about CSR unless you love your
  people and your country