Brundtland Report
GHANA TECHNOLOGY UNIVERSITY COLLEGE
GRADUATE SCHOOL
COVENTRY UNIVERSITY MSC SUPPLY CHAIN MANAGEMENT
TOPIC
EXAMINE THE RELATIONSHIPS BETWEEN SUSTAINABILITY IMPROVEMENT PRACTICES AND A COMPANY’S PERFORMANCE IN TERMS OF THE TRIPLE BOTTOM LINE OF ECONOMIC, ENVIRONMENTAL, AND SOCIAL PERFORMANCES, AS WELL AS OPERATIONAL AND QUALITY PERFORMANCES.
SUBMITTED BY: KOFI ADU-GYAMFI
INDEX NUMBER:
JULY, 201
INTRODUCTION
Definition of sustainability
In 1987, the Brundtland Report first provided the concept of sustainability development, describing it as “a development that meets the needs of the present without compromising the ability of future generations to meet
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These responsibilities include reporting the social and environmental effects resulting from their actions. Eventhough voluntary environmental and social reporting has existed for many years, the public disclosure of social and environmental impacts information about companies operations has become common practice in the mid-1990s. Since then, information about the social and environmental impact of organization are frequently reported in the annual financial …show more content…
Shell was the main global company that was behind the popularity of the triple bottom line reporting. It released a Triple bottom line (TBL) report in the 1990s.
In the last few years the Triple Bottom Line (TBL) reporting concept has become progressively more popular in both government and non-government organizations. Its main suggestion is that corporation’s success must be measured by their economic, social, and environmental performance.
Meeting stakeholder’s obligations is the sure way to ensure that success is achieved in the long run. In relation to this the Triple Bottom (TBL) supporters believes that the corporation’s social and environmental performance must be measured, calculated, audited, and reported just like economic performance so that the duties to communities, employees, customers, and suppliers are satisfied. With reference to the notion of modern management that says “if you cannot measure it, you cannot manage it,” ethical business practices (social and environmental) must be measured by tools to insure corporation’s transparency to managers and other stakeholders (Norman &
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