1. From a development/business standpoint, sustainability has been defined as th

Question

1. From a development/business standpoint, sustainability has been defined as the triple bottom line which includes consideration of economic, environmental and social factors. Is this sufficient? What are the strengths and weaknesses of the triple bottom line approach?

2. When we add global considerations to sustainable development, what new considerations arise? Can they be accounted for by the triple bottom line approach?

3. I week one's discussion one theme was the responsibiity of individuals to live sustainabily. Another focus is emphasized in Epstein and Wirtenberg, et al. , namely, the role of corporate and business leadership in promoting sustainability.

What is different about how those two books approach to this issue? What is one insight you gained from the reading in those two sources (1 insight from each chapter). I especially liked the Davis and the Shakira Abdul-Ali essays in Wirtenberg since they begin to broaden the conversation by thinking outside the business/corporate framework.

Explanation / Answer

1.Triple bottom line refers to the expanding the traditional framework to consider into ecological and social performance. It is a business process by which a company controls and manages their financial, social and environmental risks, obligations and opportunities. These three impacts also referred as profits, people and planet.

Profit -measures the company’s economic value- amount of taxes paid

People -Measures Company’s social responsibility – average hours raining / employee

And planet account- measures company’s environmental responsibility.- water consumption, safety incident rate, greenhouse gas emission etc.

Strengths and weakness of TBL-

Weakness

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