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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2524 |
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"At its narrowest, the term ?triple bottom line' is used as a framework for measuring and reporting corporate performance against economic, social and environmental parameters" (What is the Triple Bottom Line?). Dow Chemical uses a broader definition, however, one which is "used to capture the whole set of values, issues and processes that companies must address in order to minimize any harm resulting from their activities and to create economic, social and environmental value" (What is the Triple Bottom Line?)...
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This broader definition expands to include all of the company's stakeholders ? "shareholders, customers, employees, business partners, governments, local communities and the public" (What is the Triple Bottom Line?) ? in all locations in which it operates.
In this age of globalization and the rapid economic development of Third World countries, this concerted attention to sustainability and corporate social responsibility is doubly important...
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