triple bottom line in the mining industry
The triple bottom line is a term coined in the late 1990s by the influential business thinker and consultant, John Elkington It captures a very neat idea, namely that a modern organisation has.
Mining: Inclusive Investment for a New Triple …
Participation by non-traditional investors in such endeavors is emblematic of a true triple bottom line: ensuring lasting positive impacts and maintenance of a social license to operate – ahead of...
(PDF) Triple Bottom Line: The Pillars of CSR
Although the triple bottom line model was introduced 30 years ago, studies show that it can still be applied in practice as well as in research (Księżak and Fischbach, 2018). Further- more, a ...
Metallurgy Testing & Accounting: The Bottom …
If you are a mining operator, you of course want your equipment to be made of the proper alloy so repairs aren’t needed and won’t hurt your bottom line. In addition, you want your equipment to process the ore efficiently so it helps the bottom line. You use cost accounting to track your equipment expenses, but metallurgical accounting is used to account for the metal plant operations ...
The Triple Bottom Line: What Is It and How Does …
The Triple Bottom Line concept developed by John Elkington has changed the way businesses, nonprofits and governments measure sustainability and the performance of projects or policies. Beyond the foundation of measuring sustainability on three fronts—people, planet and profits—the flexibility of the TBL allows organizations to apply the concept in a manner suitable to their specific …
The bottom line Driving value through energy management in ...
The triple bottom-line imperative The mining sector operates on a massive scale, and accordingly, it is a massive energy consumer. Energy is one of the biggest expenses for mining companies, constituting approximately 30% of total cash operating costs.
Triple bottom line - Wikipedia
The triple bottom line (or otherwise noted as TBL or 3BL) is an accounting framework with three parts: social, environmental (or ecological) and financial. Some organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value. [1]
Sustainability and triple bottom line reporting in the ...
Sustainability and triple bottom line reporting in the banking industry P.A. Galamadien Mini-dissertation submitted in partial fulfilment of the requirements for the degree Master in Business Administration at the Potchefstroom campus of the North-West University Study leader: Prof. A.M. Smit November 2011
Using examples from the hospitality industry …
Triple Bottom Line Concept” for Sustainable Development in the Hospitality Industry The triple bottom line concept has a social responsibility, environmental awareness and economic viability as the pillars. This concept, now known as 3Ps (people, planet and profit), was introduced by John Elkington in his book Cannibal with Forks (1998).
Environmental improvement initiatives in the coal …
10.05.2019 · Based on a case study analysis of coal mining companies we develop a triple bottom line (TBL) initiatives framework that provides a starting point for mining companies to develop a strategic approach to environmental improvement initiatives that can positively impact all elements of the TBL.
Triple bottom line and sustainable performance …
Once it has become clear the need for a paradigm shift towards a sustainable performance measurement, a new way to define organisation’s sustainable performance has advanced, the triple bottom line (TBL) approach (Elkington, 1998; Harris et al., 2001; Pava, 2007; Norman and McDonald, 2004; Colbert and Kurucz, 2007). The TBL adds both social and environmental dimensions to the …
Investment in Mining in Asia The Triple Bottom Line ...
(S.I.)” in the Asian Mining Industry Investor need to satisfy a triple bottom line - economic prosperity - environmental sustainability - social equity Enhancing productivity by reducing waste, inefficiency and risk Reaching out to a broader base of the Asian population by focusing on local people “essential” needs
25 Years Ago I Coined the Phrase “Triple Bottom …
For those not familiar with it, the triple bottom line is a sustainability framework that examines a company’s social, environment, and economic impact. So why recall it now? After all, since the...
Triple Bottom Line (TBL) Definition
The triple bottom line (TBL) is a framework or theory that recommends that companies commit to focus on social and environmental concerns just as they do on profits. The TBL posits that instead of...
triple bottom line - Featured Events - Mining …
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Triple bottom line focus makes renewables more …
Miners are discovering that renewable energy generation is good for both sustainability goals and the bottom line. There is a triple bottom line to consider when adopting renewable energy in the mining sector: economical, social and environmental, Chief Technical Officer for Mining at Black & Veatch, Dennis Gibson, tells Energy and Mines.