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Question 430 - CSCP discussion

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A group of trading partners that uses the triple bottom line (TBL) to measure its performance is focusing on:

A.
green reverse logistics.
Answers
A.
green reverse logistics.
B.
supply chain integration.
Answers
B.
supply chain integration.
C.
market share and profitability.
Answers
C.
market share and profitability.
D.
sustainable business practices.
Answers
D.
sustainable business practices.
Suggested answer: D

Explanation:

The triple bottom line (TBL) is an accounting framework that incorporates three dimensions of performance: social, environmental, and financial. This framework encourages businesses to commit to focusing on social and environmental concerns just as they do on profits. When a group of trading partners uses the TBL to measure its performance, they are focusing on sustainable business practices. This involves assessing the impacts of their activities not only on profitability (economic performance) but also on people (social performance) and the planet (environmental performance), aiming for a balanced approach to business success.

Reference: Elkington, J. (1994). 'Towards the Sustainable Corporation: Win-Win-Win Business Strategies for Sustainable Development,' California Management Review.

asked 16/09/2024
Thomas Kringel
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