7-1 Executive Summary

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Southern New Hampshire University *

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MBA530

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Business

Date

Jan 9, 2024

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docx

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4

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7-1 Executive Summary Triple Bottom Line as an Ethical Framework Southern New Hampshire University Oussama Mediouni MBA 500: Building Business Leaders Dr. Jason Crawley January 01, 2023 1 | P a g e
7-1 Executive Summary As an ethical system, the Triple Bottom Line (TBL) addresses individuals, the environment, and profit. While the TBL focuses on profit, it also covers corporate social responsibility and climate change mitigation and adaptation. Additionally, the TBL offers the business a moral foundation for creating a work environment that emphasizes both social responsibility and profits. There are benefits and drawbacks to using the model even when including the TBL. We’ll evaluate the benefits and disadvantages of using the TBL model in this analysis. What benefits would a business get from implementing the TBL model? Additionally, we'll examine how a balanced scorecard might help our business gauge its TBL success. Advantages and Disadvantages of TBL While there are numerous benefits to using the TBL Model, a few of them include increased emphasis on environmental sustainability, a more active effort to create a better work environment, and enhanced customer interactions. In addition to earnings, the TBL also evaluates our company's performance on environmental and social fronts. Let's examine a few benefits of TBL: 1. Promotes sustainability in the ecosystem 2. TBL reporting may help a company become more transparent with its shareholders. 3. TBL is aware of alterations in the business landscape. 4. The business spreads the institution's returns to the people that contributed to its formation. 2 | P a g e
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