By ThePlanetMark Monday, August 4, 2014
On the GreenWise blog, Steve Malkin, CEO at Planet First discusses the risks associated with ignoring the ‘Triple Bottom Line’ and the benefits of viewing sustainability from this perspective.
“It is clear that the risk of ignoring sustainability is increasing. In fact, you could say that you will face a triple whammy effect if you ignore the Triple Bottom Line, made up of three ‘R’s: Regulation, Resources and Reputation.”
“Looking at corporate sustainability in terms of risk can be extremely beneficial in terms of organisational management. The risk analysis process helps highlight issues that would otherwise have gone unnoticed, as well as the need for more control over the risks posed by stakeholders, consumer demands, company reputation, shareholder expectations and transparency.”