Triple Bottom Line Reporting
TBL or Triple Bottom Line is a concept used by the organization seeking its focus on the economic bottom line of the business but including environmental and social responsibilities. It is used for the measurement of the economic value, the degree of social responsibility and the environmental impacts of the business process of an organization. However, there is a challenge in implementing it. It is difficult to measure the environmental and social bottom lines. Hence, a modified approach followed by the industries is to create and maintain three different accounts and evaluate those separately.
The comparison of three of the choices is summarized in the following table.
|Choice 1||Choice 2||Choice 3|
|Initial Cost||The initial cost for setting up the required infrastructure of the choice 1 will be lesser compared to the other options. As this is a very primitive one.||The initial cost for setting up the required infrastructure will be costlier than the other choices.||It will require setting up the virtualization framework and the cost will be for the hardware and initial subscription for the cloud services.|
|Running Cost||The running time will be very high. The local servers will require very high air conditioning, power backup etc. There may be significant system downtime if there is any issue with the local server. And in that case, the business process will be paused.||The running cost will be high for the wireless network infrastructure management, local server setup etc. If the local server goes down then people won’t be able to work and the business process will be paused.||The running cost will be lesser. There is no local server and it won’t require intensive air-conditioning or power backup. At the same time, there won’t be almost no downtime as cloud computing infrastructure keeps multiple backup of data and if one become unavailable then it will fetch data from other and keep the business process running.|
|Upgrading Cost||Very high cost will be there. The technologies are advancing very fast. So, the existing infrastructure will become inefficient in a few years. Then it will require high cost for upgrading the hardware and software both.||The cost will be high as it will also require upgrading hardware and software both.||Will be low. It may require upgrading the hardware like VDI units with no data processing. All upgradation will be done on the cloud platform. Due to the implementation of virtualization, the cost will be low.|
|Dumping recycling vs. upgrading||It will require dumping the hardware for the existing infrastructure and there is little scope of recycling.||It can be recycled if it is replaced by cloud infrastructure.||Recyclable|
It is recommended to use the choice 3 as this is more efficient compared to the other two and can be used for long term. It require lesser waste management and consume lesser energy than the other two choices.
- All three
- It is,
- My teachers
- Depends on the student
- Selected choices all.