The Triple Bottom Line

 

Could the Colorado Hyperloop be sustainable? A measure will be whether the C.H. has what is called the Triple Bottom Line.  From an online course via FutureLearn on sustainability from The University of Bath.

Note: Colorado State University has a great MBA course on Global Social & Sustainable Enterprise that also includes the Triple Bottom Line.

Its a mix between Economic, Social and Environmental or as the CSU course states; people, planet and profit.

Economic impact is the easiest to measure and include:

  • Profitable business
  • Sustainable profit margins
  • Fairly paid jobs
  • Properly paid taxes
  • Suppliers paid appropriately
  • Investment in research, development and training
  • No bribery or corruption

Social impact, with some overlap of the economic impacts:

  • Working conditions
  • Product safety
  • Paying suppliers on time
  • Good community relations
  • Equal Opportunities
  • Training and Education

Environmental Impact:

  • Efficient use of energy and other resources
  • Minimising waste and emissions
  • Protecting biodiversity
  • Avoid hazardous materials and waste

The Colorado Hyperloop’s sustainability plan should always refer back to the triple bottom line, and should be a focus on any transportation project. More posts to follow on this topic.

Leave a Reply