The triple bottom line is separately in three categories, including profit, planet, and people. Firstly, profit is an essential part of company to get good profit and challenge with others. Secondly, planet, corporations should be concerned about their environmental impacts. Lastly, people, companies should be concerned about consequences to communities. From my perspective, companies should balance these three categories, if they want to achieve their goals.
The bulk of corporations prioritize their wealth over the condition of the Earth beneath them. Economic growth is important for the people, yes; it is how we develop as a society, but at what cost? The Earth takes the brunt of society 's success, and denying the inevitable will not stop it from occurring. In fact, denying climate change will only harm society and the Earth further; because by denying it, those who deny climate change are willingly aiding the damage and the danger climate change brings. Climate change is denied is due to the prioritization of business and the economy.
To extract hydrogen from other elements is quite expensive, like the electrolysis. This is the main reason why hydrogen energy isn’t used heavily from all around the world. Researchers are trying to find ways to make the process of extracting hydrogen from other elements cheaper and more affordable to everyone. There are also many researchers trying to find a way to make the process more efficient and produce less carbon dioxide (Dohrman, 2017). In order for hydrogen energy to catch more attention in the market, the cost would need to decreased, or it would be affordable to only the richer people (Rinkesh,
However, businesses with short-term goal will rarely practice CSR since practicing it does not bring any benefit. On the contrary, the practice of CSR is an important consideration for long-term investment as it can help generate more profit in the future. In this report, Nestlé would be one of the good examples to illustrate those concepts. Nestlé is one of the world’s largest food and beverage companies. The company believes that by creating value for the shareholder and the public, it will have long-term sustainability.
The minimum wage should be raised due to having a healthy economy, according to statistics the economy should grow. Many employers are seeing their workers suffer from earning minimum wage, so the employers decide to raise the minimum wage themselves. The toughest thing is that many families cannot support a sustainable life while earning the current minimum wage of
It is costly and dangerous, however there 's a chance to increase mass measures of vitality that could offer America some assistance with becoming substantially more vitality free. Currently, a lot of fracking locations have been banned but there are site that are still in practice site that are not close regulated. The publics focus needs to be on cutting down energy use to and trying to implement better way to extract energy while not causing harm to the environment. Although, banning or reducing fracking will be a damaging factor to any economical benefits that come with fracking. Recent studies have shown that many of the environmental effects usually attributed to fracking may come from other sources.
Had he gone further into the report he would have found that organic fruits and vegetables are significantly closer in price to conventionally grown ones. We are all paying extra for the fallout from GMOs. This case indeed shows that food labeling issues are not only vital and extremely important today, but also that there is very hard to come to a solution. It would be very easy to label everything, require companies to let consumers know every single ingredient and in turn, hope to increase global health levels. However, it seems that opposing side has very strong arguments and companies are reluctant to sacrifice their profits in order to improve consumers health, which, very interestingly, is sometimes argued would not be achieved by doing so
Carnegie reduced the wages of working employees in his steel company (document D). But as a business man he needed to do the most conventional thing to win more money. The more money he won the more he gave to the poor. If working employees don’t get enough pay they are considered poor so the employees still benefit for pay and donated things from Carnegie. Plus people that were employees to Carnegie’s industry of steel at least had a job so they can survive longer.
“Industrialists touted automation as a way to improve working conditions and workers’ standard of living” (130). As seen from this quote, automation shaped the way we view labor. Not only did it provide a better alternative instead of using many people, but the use of machines reduced the number of accidents that may have occurred otherwise. Clearly, industrialists needed to look to “how to get the most out of machines rather than how to get the most out of people” (131). This was reduced because many of the more dangerous machines used in factory jobs were replaced with more modern and safer machinery.
Recycling efforts can significantly reduce additional waste that will not only harm the planet today , but future generations as well. We must make the most to conserve, recycle and reuse whenever possible because the natural resources on our planet earth are limited. One of the most efficient ways to support recycling is to purchase products made from recycled materials. Maybe by now, you are not aware of how important this act can make a change to the world. However, the effort involves not only recycling existing products, but purchasing products that have already been recycled.