Popularly known as 3BL, the Triple Bottom Line approach to Corporate Social Responsibility (CSR) simply states that an organization should not only be concerned about its financial gains but also about its environmental and social performances by engaging in sustainable environmental practices and by conducting business in a way that is beneficial to the community in which the business resides respectively. In other words, corporate responsibility should not be to only shareholders, but to stakeholders. Who are these stakeholders? Stakeholders...
Wednesday, August 13, 2008
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