A look at Novo Nordisk’s experience with the triple bottom line…
“What is the Triple Bottom Line?
Put simply, it recognises the need to maximise value from forms of capital involved in producing goods and services beyond the purely financial, particularly in relation to environmental (or natural) and social (or human) resources. Instead of setting financial targets as the exclusive driver in the business, the Triple Bottom Line therefore seeks to adopt balanced management of all three forms of capital as a means of delivering sustainable improvements in performance. As a consequence, Novo Nordisk believes it is better placed to manage business risks, stay tuned to the concerns of society and spot potential opportunities and problems at an early stage.”
Author: Vernon Jennings
Source: European Business Forum (EBF)
Subject: Social Responsibility (ESG)
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