Oct 29, 2018 Maintaining a triple bottom line key to responsible investment. The IFC a sister organization of the World Bank has seen an increased focus on sustainability in the natural resources ... What Is the Triple Bottom Line? In 1994, author and entrepreneur, John Elkington, built upon the concept of the triple bottom line (TBL) in hopes to transform the current financial accounting-focused business system to take on a more comprehensive approach in measuring impact and success. Historically, businesses operated in service solely to their financial bottom line.
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social and environmental) representing the Triple Bottom Line (TBL) approach. Design/methodology/approach The assessment of the automotive SC sustainability is based on the framework proposed by Salvado, Azevedo, Matias and Ferreira (2015) and uses the Simple Additive Weighting (SAW) method to aggregate economic, environmental and social ... operating performance (Water is a triple bottom line metric with investors) ... Mining Industry Water Outlook ... More than half of mining investment over the next decade will be in high to extreme water-scarce areas Water consumption is increasing at 5% annually
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quality and quantity of public environmental and triple bottom line reporting in Australia. I commend this guide to you. Dr David Kemp MP Minister for the Environment and Heritage Triple Bottom Line Reporting in Australia A Guide to Reporting Against Environmental Indicators iii Foreword EA/Triple Bottom Line.FA 1/6/03 1055 AM Page iii Apr 22, 2021 She is a proud advocate for the triple bottom line people, planet and profit. getty. During the first days of the pandemic, a mentor of mine asked me, How are you going to use the pandemic ...
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Updating the Balanced Scorecard for Triple Bottom Line Strategies Society increasingly expects businesses to help solve problems of environmental degradation, inequality, and poverty. Several business leaders, such as Paul Polman and Larry Fink, have embraced this challenge to make business a better partner with government and civil society. The African mining industry to improve safety in the countrys mines, have resulted in a more than 50% reduction in fatalities. The mining industry has adopted a zero harm policy and wellness of ... companies based on their triple bottom line performance. The Chamber of Mines is leading the private sectors reporting on sustainable development. The
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Oct 18, 2017 In a traditional financial statement, the bottom line shows only net Income or loss. However, a triple bottom line is a statement of results in three areas profit, people, and the planet. In todays business world, demonstrating concern for the environment has become a corporate imperative. This is called corporate social responsibility or CSR. The NSW Strategic Regional Land Use Policy proposes that a triple bottom line (TBL) cost benefit analysis (CBA) be carried out where coal and gas mining have the potential to adversely affect other high value land uses. This policy originates from a need to protect strategic agricultural land and water resources, and comes at a critical time ...
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Jan 28, 2015 It is only within the context of these challenges that the notion of the new triple bottom line can be effectively explored.The primary challenges faced by the South African exploration and mining industryFor convenience, the difficulties being faced by the South African exploration and mining industry can be summarised in eight key challenges1The global financial crisis and the The purpose of this study is to reveal the Triple Bottom Line in the application of management accounting in the mining industry in Donggala Regency.
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Triple Bottom Line In The Mining Industry. Mining industry water outlook commodity demand continues to increase more than half of mining investment over the next decade will be in high to extreme water-scarce areas water consumption is increasing at 5 annually water management capex is 10-15 of total mining spend, or 11-17 billion pa angloamerican. Triple Bottom Line In The Mining Industry. Jan 28, 2015 It is only within the context of these challenges that the notion of the new triple bottom line can be effectively explored. The primary challenges faced by the South African exploration and mining industry.
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May 10, 2019 Based on a case study analysis of coal mining companies we develop a triple bottom line (TBL) initiatives framework that provides a starting point for mining companies to develop a strategic approach to environmental improvement initiatives that (S.I.) in the Asian Mining Industry Investor need to satisfy a triple bottom line - economic prosperity - environmental sustainability - social equity Enhancing productivity by reducing waste, inefficiency and risk Reaching out to a broader base of the Asian population by focusing on local people essential needs
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Keywords triple bottom line ecological sustainable development mining mineral resources environmental impact assessment social impact assessment Resources 2013, 2 27 1. Introduction The push for expanded coal mining, in Australia and around the world, heightens the need to clearly articulate and assess the benefits and costs of this ... Oct 30, 2018 IFC maintaining a triple bottom line is key to responsible investment. According to IFCs Global Head of Mining Namrata Thapar, to be considered ethical, investors must weigh up the development impact, sustainability and profitability in equal portion. In my view, profitability and strong environmental, social and governance ...
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Towards that end, it is suggested that that peacebuilding methods of conict transformation have Sustainable development potential to optimise conditions necessary for sustainable peace in the mining companyecommunity Conict transformation space to enhance Triple Bottom Line outcomes economic, environment and social. Dec 15, 2016 Sustaining the triple bottom line People, planet and profit ... Industry, Innovation and Infrastructure ... is about ensuring that a business stays profitable in the long run as opposed to mining ...
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The purpose of this paper is to propose a minimum set of indicators to be measured by industrial companies to represent the triple bottom line (TBL) approach.,The research is both descriptive and quantitative. Three hypotheses establish associations among the degrees of use of TBL indicators and their different degrees of use in firms. The authors used confirmatory factor analysis (CFA) to ... this empirical study aimed to investigate maritime industrys insights and attitudes in relation to the, newly, introduced triple bottom line approach to global sustainable development. Research data were collected via a questionnaire survey conducted to 50 tanker and/or dry bulk shipping companies.
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A numerate Triple Bottom Line account Interpreting the results Balancing Act provides a snapshot of the triple bottom line performance of the Australian economy in the mid 1990s. While this may appear old, the data was the most recent available when the study commenced, as Mar 08, 2017 The triple bottom line -- combining financial, environmental and social metrics -- and corporate social responsibility are business success strategies, and we can go beyond them to create the world we want, said Shel Horowitz, an author who writes books about ethical business and
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The triple bottom line refers to the triad of profit, social responsibility, and stewardship of the environment, which are now part of the expanded scope of corporate concerns. Sustainability is the core philosophy from which the triple bottom line is derived. It is defined in Our Common Future, commonly referred to as the Brundtland Report, as ... May 28, 2017 Edited by Kim Y. Hiller and Joy M. Kozar. This special collection in Fashion and Textiles advances knowledge related to current sustainability challenges within the global clothing and textiles supply chain and seek new perspectives on initiatives within the industry to advance sustainability and the triple bottom line.
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Feb 21, 2020 Triple Bottom Line (TBL) is a theory by John Elkington. Created in 1994, he described in 2018 as the triple bottom line is a sustainability framework that examines a companys social ... Miners are discovering that renewable energy generation is good for both sustainability goals and the bottom line. There is a triple bottom line to consider when adopting renewable energy in the mining sector economical, social and environmental, Dennis Gibson, tells Energy and Mines.
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Oct 04, 2016 Triple bottom line focus makes renewables more attractive to mines Miners are discovering that renewable energy generation is good for both sustainability goals and the bottom line. There is a triple bottom line to consider when adopting renewable energy in the mining sector economical, social and environmental, Chief Technical Officer for ... Triple Bottom-Line Assessment. ... Sustainable development. Recommended articles Citing articles (0) Theo Hacking worked in industry for 13 years before applying to the Centre for Sustainable Development within the Engineering Department at the University of Cambridge to undertake research towards a PhD. The research, which he completed in 2006 ...
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The term triple bottom line, people, planet, and profit, was brought forth as an idea two decades ago. In 1994 John Elkingtons Cannibals with Forks was published in which he outlined his then radical views around improving organizational effectiveness with sustainability in mind. May 08, 2017 By Joseph Kirschke India is the worlds fastest-growing energy consumer and a global leader in clean energy -- third only to China and the U.S. And
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Jul 06, 2015 A triple bottom line business, sometimes referred to as a 3P, is a business model that focuses on people and the planet, while also seeking profits. In other words, it means that a for-profit entity adheres to the ideals of helping people and not harming the The second aspect of the new triple bottom line, substantive compliance with environmental laws, ties up with the challenge of operating in a climate of regulatory uncertainty. Despite several amendments to the laws on environmental authorisations within the mining industry, uncertainty remains.
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