Triple Bottom Line

Sharpe

1/12/2017

Triple Bottom Line

By: Timothy Slaper

To be honest, I do not believe that the business program idea called the Triple Bottom Line is effective in businesses. Especially when the business crosses international boundaries. One example is from a quote from the text. Slaper writes that "the Triple Bottom Line is an accounting framework that incorporates three dimensions of performance: social, environmental, and financial" (Slaper, 4). It is safe to say that majority, if not all types of business are not interested in the safekeeping of the planet. The only thing that businesses really care for is the financial aspect of the Triple Bottom Line. Well, most to gain money rather than helping the economy. As for the environmental aspect, they only see dollar signs on the environment that the business can exploit. And finally, they use social issues by crossing international boundaries. Allowing to exploit the people of foreign nations, nations that have a lack of law protecting the people, to increase profits. Now the article goes into detail about calculations that the business have to do within economic, environmental, and social measures (Slaper, 5). Simply in my eyes, it is saying that the business is saying how much money I can get within my business, how much waste I am allowed to release in a region, and how to operate in countries that have a lack of laws protecting the people. The last major portion that I find interesting is the section that tells the reading of who actually uses the Triple Bottom Line. Which are regular businesses, nonprofits, and the government. The businesses and the government is not surprise. They are mostly using this method in order to solve a problem, and to find the cheapest way in solving it. For non-profits, I was surprised. Because non-profits are using businesses that are not interesting in gaining money. Which can actually help the environmental and social aspects of society. Overall, I believe that majority of the world is very greedy. We have lost our way from worshipping the environment around us to gaining wealth and power. And in order to do so, we destroy other lands, and willing to allow cultures to disappear. Leaving only a small group who actually is willing to protecting the environments around the world.