What is sustainability

• A strategy by which communities

seek economic development
approaches that also benefit the
local environment and quality of life
 Is a process of
achieving human
development
Contributed through effective
management of social
,economic and environment
benefits
 Global Drivers of
Sustainability
• Increasing Industrialization
• Proliferation & Interconnection of
Civil Stakeholders
• Emerging Technology
• Effects of Globalization- poverty,
inequity, population explosion
Triple Bottom Line
TBL“ or "3BL",
 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.
The Triple Bottom Line is made up
of "Social, Economic and
Environmental"

"People, Planet, Profit "

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.
 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
 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
 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
 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”
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 Annan’s
Global Compact.
 GLOBAL REPORTING
INITIATIVE
GRI
􀂉 The Global Reporting Initiative attempts to make
the
Triple Bottom Line operational
􀂉 VISION
The Global Reporting Initiative’s (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.
 How organizations strategically
manage
CSR 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
• 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
“You cannot talk about CSR
unless you love your people and
your country”