Triple Bottom Line and Corporate Social Responsibility

Discuss the TBL/CSR position of your organization using web pages, internal documents, 10Ks, etc.  In other words, what can you find out about your organization’s TBL/CSR footprint?

TBL/CSR Means?

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Corporate Social Responsibility:

The responsibilities that businesses have to the societies within which they operate. In various contexts, it may also refer to the voluntary actions that companies undertake to address economic, social, and environmental impacts of their business operations and the concerns of their principal stakeholders.

Triple Bottom Line:

Businesses should measure their social and environmental impacts to determine their bottom lines much like they do for finances.

• Triple Bottom Line and Corporate Social Responsibility both look to promote Social and Environmental responsibility within businesses.

• Corporate Social Responsibility primarily details what economic, social, and environmental issues impact their stakeholders, and how the business looks to address those issues.

• Triple Bottom Line is similar to Corporate Social Responsibility but takes it a step further by trying to quantify and measure the social and environmental impacts of a business and report them out like they do with financial reports.

• If you can quantify and measure the social and environmental issues you can evaluate how well you are living up to those initiatives.

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