A Lecture On International Sustainable Tourism

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Triple Bottom Line
During a lecture in International Sustainable Tourism, we discussed the Triple Bottom Line or Triple Bottom Line Reporting, which means expanding the traditional reporting framework to take into account environmental and social performance in addition to financial performance. This framework is becoming an accepted approach for organizations to demonstrate they have strategies for Sustainable Growth. It focuses on decision-making and reporting, which explicitly considers an organization’s economic, environmental and social performance. Triple Bottom Line focuses on Stakeholders instead of Shareholders. A Stakeholder is a person, group, or organization who has an interest or concern in an organization. In this essay, I
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This means that there is technically a Social-Environmental pillar which relates to Environmental Justice, Natural Resources Stewardship, and Acting Locally, Thinking Globally; A Environmental-Economic pillar which highlights Energy Efficiency, Subsidies, and Incentives for use of Natural Resources, and finally an Economic-Social pillar which deals with Business Ethics, Fair Trade and Workers Rights. Right smack-dab in the middle of the circle graph is Sustainability. When all three pillars are in play, Sustainability happens.
Moving on, there are three set goal principals for the Triple Bottom Line and they all three relate back to the three pillars. The goal for the Social pillar is to have Vibrant Communities, where an organization has a responsibility to its employees and to the wider community in which it works. The company understands how its practice affects the workers and strives to promote their best interests. The goal for the Environmental pillar is a Healthy Environment by reducing the environmental footprint. Finally, the goal for the Economic pillar is Profit. The Triple Bottom line recognizes that business sustainability rests on social and environmental settings. The cost of pollution, worker displaces, and other factors and is included into a profit calculation.
When it comes to the mechanics of the Triple Bottom Line, there is no universal standard to calculate the Triple Bottom Line, and the
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