THE TRIPLE BOTTOM LINE

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Edward Jacobs
8 years ago
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1 THE TRIPLE BOTTOM LINE

2 WHAT IS THE TRIPLE BOTTOM LINE? Sound Economics Environmental Impact Social Obligations

3 THE TRIPLE BOTTOM LINE How relevant is this to business and why should business pay attention to it?

4 THE TRIPLE BOTTOM LINE Sound Economics Annual Reports; Bank Statements; Fancy Cars;

5 THE TRIPLE BOTTOM LINE Environmental Impact Pollution; Global Warming

6 THE TRIPLE BOTTOM LINE Social Obligations The Community

7 The World Business Council for Sustainable Development in its publication "Making Good Business Sense" by Lord Holme and Richard Watts, used the following definition: "Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as improving the quality of life the local community and society at large"

commitment by business to behave ethically and contribute to economic development while improving the quality of

8 Social responsibility becomes an integral part of the wealth creation process - which if managed properly should enhance the competitiveness of business and maximize the value of wealth creation to society. Mallen Baker, Director of Business in the Community

competitiveness of business and maximize the value of wealth

9 But as with any process based on the collective activities of communities there is no "one size fits all". In different countries, there will be different priorities, and values that will shape how businesses act.

all". In different countries, there will be different

10 There is a growing interest, therefore, in businesses taking a lead in addressing those issues in which they have an interest where national governments have failed to come up with a solution. Mallen Baker, Director of Business in the Community

interest where national governments have failed to come up

11 How? Finding community involvement, skills and competencies that can be leveraged to support and drive a corporate citizenship agenda

12 How do we identify these Corporate Social Investment Projects? The following table may be of help:

13 Finding community involvement skills and competencies that can be leveraged to support and drive a corporate citizenship agenda Sector What s in? What s out? Education Support of community facilities; bursaries for underprivileged without employment obligations Bursaries for job placement within the company; crèche facilities for employees Training CORPORATE SOCIAL INVESTMENT Community training, skills development for unemployed; adult basic education and training in the community In company training; workplace courses; workplace adult basic training and education Environment Support of conservation projects; community clean up projects Operational compliance aspects such as emissions, rehabilitation requirements Job Creation Job creation and small business development projects external to the workplace Affirmative or small business procurement; subcontracting; outsourcing; retrenchment programmes Courtesy - Vanessa Rockey, editor Trialogue Publications (The CSI Handbook)

CORPORATE SOCIAL INVESTMENT Community training, skills development for unemployed; adult basic education and training in the community In company training; workplace courses; workplace adult basic

14 Finding community involvement skills and competencies that can be leveraged to support and drive a corporate citizenship agenda Housing Housing programmes for the general community Employee housing projects Arts and culture Support of developmental programmes; development of new talent Sponsorship of commercial events; in company events Courtesy - Vanessa Rockey, editor Trialogue Publications (The CSI Handbook) Health Support of community clinics; health programmes in the community Occupational safety; workplace Aids awareness; clinic facilities for employees Sport Support of developmental programmes Sponsorship of commercial events or professional teams Courtesy - Vanessa Rockey, editor Trialogue Publications (The CSI Handbook)

editor Trialogue Publications (The CSI Handbook) Health Support of community clinics; health programmes in the community Occupational safety; workplace Aids awareness; clinic

15 Identifying Needs Identifying Projects Prioritising Projects

16 How could we ensure Good Corporate Governance in African Corporations in the 21st Century? Ensuring effective relationship management as the key to successful corporate governance Ensuring effective reporting as the key to transparent corporate governance

Ensuring effective relationship management as the key to

17 PPP PROCESS OF POSITIVE PARTICIPATION

18 THANK YOU Peter METCALFE The Foundation for the Development of Africa

Contents. 1. Purpose of the Corporate Social Investment Policy. 2. Responsibility of a corporate citizen. 3. Definition of CSI. 4.

Contents. 1. Purpose of the Corporate Social Investment Policy. 2. Responsibility of a corporate citizen. 3. Definition of CSI. 4. Contents Altron Group Corporate Social Investment Policy and implementation guidelines Incorporating Socio-Economic Development as per the BBBEE Codes of Good Practice 1. Purpose of the Corporate Social