Theories Of Sustainability Development

1009 Words5 Pages
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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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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