A ‘triple bottom line’ benefit

 

Produce a short briefing note to suggest the ways in which the drivers of an environmentally responsible strategy are implemented throughout the supply chain. Specifically, using one or two sentences for each driver, show how strategic and operational policies might deliver a ‘triple bottom line’ benefit

 

 

Sample Solution

A successful implementation of environmentally responsible strategies throughout the supply chain should address each of its drivers in order to obtain a ‘triple bottom line’ benefit. This can be achieved by developing strategic policies which focus on reducing waste, improving resource efficiency, and minimizing environmental impacts from production processes (Wei et al., 2017). Operational policies should aim to establish objectives for tracking progress, utilizing renewable materials/resources where possible, and providing incentives for staff members to adopt sustainable practices. Furthermore, these policies should also consider how suppliers are chosen and managed so that they too adopt similar approaches towards sustainability (Wei et al., 2017).

In terms of energy usage reduction strategies such as replacing inefficient equipment with energy-saving alternatives or shifting production activities outside peak demand periods will help lower operational costs while reducing emissions associated with their operations (Wei et al., 2017). Additionally, companies could implement alternative transportation options like rail instead of roadways to reduce fuel consumption when shipping finished products to customers. Finally, implementing carbon offset projects would help balance out any residual environmental impact not covered by the previously mentioned initiatives (Wei et al., 2017).

Through effective policy design and implementation it is possible to create a positive ‘triple bottom line’ benefit within the supply chain which helps drive long-term success through increased efficiencies as well as improved public perception surrounding an organization’s commitment towards sustainability.

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