A triple bottom line approach means incorporating awareness and concern for the impact an organization has on the Planet into the strategic planning process. For many organizations that rely on ready access to capital and supplies, new market opportunities and innovation for long-term growth, a healthy planet means a sustainable business model. By including the Planet in your strategic planning process, your organization can benefit from:
- Increased operational efficiencies with reduced manufacturing expenses and better supply chain management
- Improved risk management in the face of changing regulatory requirements
- Better market differentiation for your products and services
- Enhanced corporate reputation
With a focus on sustainability and alignment of corporate strategies with social responsibility activities, your organization can cover risk and capitalize on new possibilities for successful long-term growth.