Triple Bottom Line Essay

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Introduction

Sustainability and Logistics are the factors that many firms try to achieve these days. With the integration of aforementioned factors, the firms can be able to achieve in cost reduction, environmental preservation, green logistics, and efficient environmental resource usage. Food industry is one of the industries that nowadays need sustainable logistics in order to save costs and preserve the surrounded circumstance.
According to the United Nations Food and Agriculture Organisation (Fao.org, 2015), the third of food produced globally did not reach the end consumers. Approximately 1.3 billion tonnes of food turn to waste before reaching customers’ hand and cause £470bn economic loss and 3.3billion tonnes of CO2 emissions globally …show more content…

The triple bottom line
The concept of triple bottom line is concerned directly to the concept of sustainability. The review of the literature suggests that organizational sustainability at broader level includes with three major components which are the environmental, society, and economic dimensions. This perspective significantly relates to the idea of the triple bottom line, a concept developed by Elkington(1998, 2004). The concept is simultaneously considers the economic, environment and social goals from a microeconomic standpoint.
Sustainability becomes more common in this era than ever before. It is now a fundamental principle of smart and modern management (Savitz and Weber, 2006, pp. xiv). Therefore, at the intersection of social, environment, and economic performance suggested by triple bottom line, there are activities that organizations can engage in which not only positively affect the natural environment and community, but also result in long-term economic benefits and competitive advantage for the …show more content…

, 2006; Weener and Wheeler, 1992; Crum et al. , 1995); carrier selection for and the transportation of hazardous materials (Kalevela and Radwan, 1988; Sharp et al. , 1991) ; improvement of fuel efficiency and emissions reduction from transportation equipment (McKinnon et al. , 1993; Stock, 1978); the environmental logistics strategies (Murphyet al. , 1996); diversity of for-hire motor carriers (Corsi et al. , 1982) safety in motor carrier, rail, and airline industries(Cantor et al. , 2006; Weener and Wheeler, 1992; Crum et al. , 1995) and other industrial suppliers (Carter et al. , 1999). Moreover, the concept of integration of social and environmental issues under the title of “Logistics social responsibility” which ties together the previously standalone concepts of the environment, human rights, philanthropy, safety, and diversity as they related to logistics management have been conceptualized by Carter and Jennings (2002). The authors empirically operationalize purchasing’s involvement in Logistics social responsibility (LSR), which they refer to as Purchasing social responsibility (PSR). The authors find that purchasing social responsibility is a second order construct consisting of five dimensions which are the environment, safety, human rights,

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