GLOBAL ORGANIZATION DEVELOPMENT SUMMIT
- 2007
on
SUSTAINABLE DEVELOPMENT THROUGH ENHANCING THE TRIPLE BOTTOM LINE
Recent times are witnessing such evolving concepts
as corporate accountability, corporate responsibility, corporate
citizenship and the like. Implicit in these ideas is the need
to address companies’ policies and practices that have implications
not only for them and their immediate clientele, but also for
whoever or whatever that may be directly or indirectly affected.
Today a company’s merit is assessed not solely based on
its financial performance, but also on the social and environmental
impacts it has by way of conducting its business as well as on
its voluntary initiatives in the latter aspects as a responsible
citizen.
Corporate social responsibility, considered as business contribution
underpinning sustainable development that meets the needs of the
present without compromising the ability of future generations
to meet their own needs, is increasingly appreciated and accepted.
The focus as such is on the social, environmental and economic
imperatives of business – the triple bottom line.
While there is a compliance aspect of CSR to keep up with the
external demands from various stakeholders, there is also a volitional
aspect to it. A company may just comply by meeting the statutory
requirements with regard to emission. Or it may engage in community
development with the realization that a better community around
makes a company better.
Not a fully developed concept, CSR is being defined and redefined,
so also the triple bottom line. The point however is to practice
it. There is also need to measure it, having said that it has
to do with performance. Attempts by experts on measuring the triple
bottom line are underway. Attempts by companies on implementation
are also underway.
In this changing scenario from single bottom line to triple bottom
line, where the concepts are not fully developed, where the sources
of knowledge are not clearly identified, where experiences are
not put together and where measuring especially the social and
environmental performance is challenging, companies could hardly
be expected to readily adopt the triple bottom line and report
on it. The pertinent questions are:
What knowledge has so far been developed?
How to develop further knowledge?
How ready are companies for change?
What kinds of change are required for companies?
What rules and guidelines are conducive for adopting the triple
bottom line?
What kinds of practices, customs and roles are required to carry
organizations towards this end?
How to institute these practices, customs and roles?
To address these issues, academicians, change agents, corporate
executives and government officials are expected to put together
their knowledge, experiences and skills with regard to the three
areas of performance and come out with the guidelines for practice
and ways of institutionalization, with a view as to how performance
in the three areas positively impact the employees, immediate
community and society. It is towards this that GODS2007 is organized.
The central theme of the Summit is “Sustainable Development
through Enhancing the Triple Bottom Line”.
Conceptual / research papers are solicited from
Academics
Change agents (OD practitioners)
Corporate executives & Government officials on
SUSTAINABLE DEVELOPMENT THROUGH ENHANCING THE TRIPLE BOTTOM LINE
The broader themes:
Social Performance
• Learning on social performance of business in terms of
its impact on employees / community / society
• Ethics concerning social performance of business in terms
of its impact on employees / community / society
• Institutionalization of roles / practices / customs for
social performance of business in terms of its impact on employees
/ community / society
Environmental Performance
• Learning on environmental performance of business in
terms of its impact on employees / community / society
• Ethics concerning environmental performance of business
in terms of its impact on employees / community / society
• Institutionalization of roles / practices / customs for
environmental performance of business in terms of its impact on
employees / community / society
Economic Performance
• Learning on economic performance of business in terms
of its impact on employees / community / society
• Ethics concerning economic performance of business in
terms of its impact on employees / community / society
• Institutionalization of roles / practices / customs for
economic performance of business in terms of its impact on employees
/ community / society