In your role as consultant to the executive team of a midsize copper smelting company in northern Canada. Here is a summary of the team’s current situation and need: Due to some recent chang
THE TRIPLE BOTTOM LINE AND POSITIVE SOCIAL CHANGE
In your role as consultant to the executive team of a midsize copper smelting company in northern Canada. Here is a summary of the team’s current situation and need:
Due to some recent changes to the local environmental air quality laws, the company’s large coal-fueled smelting furnace is now operating out of compliance due to high levels of pollutants in the exhaust gases. The regulatory agency has given the company 12 months to demonstrate compliance, after which it will be fined $1,000 per day until the operations meet the regulation. The company has two alternatives. The first alternative is to install air scrubbers to reduce the output pollutant levels. The second alternative is to convert the smelting furnace from coal to natural gas. Both alternatives will meet the current regulatory requirements, but there is a slight concern that the air scrubber solution may not meet future regulatory restrictions. The executive team wants you to perform a financial performance analysis on both alternatives using several different capital budgeting methodologies. The team also is seeking guidance on nonfinancial considerations regarding the company’s ethical and social responsibilities related to this decision.
Provide/give an executive summary in which you will synthesize your findings and recommendations for the company leaders.
1: The Importance of the Triple Bottom Line
defines the triple bottom line and provides a thorough and detailed analysis of its importance within an organization, including examples of how the organization might address each of the three Ps.
2: The Triple Bottom Line and Positive Social Change
provides a thorough and detailed illustration of how the triple bottom line can lead an organization to have an influence on positive social change, including at least two examples of how this can be accomplished.
3: Questions for Improvement
Give a thorough and detailed proposal of three to five questions that the executive team members should ask their staff to prompt both a learning mindset and lead to improved collaboration within their organization, including their reasons for choosing these questions.
4: Executive Summary
clearly identifies the purpose of the report and provides a thorough and detailed summary of their analysis and recommendations for the organization’s leaders related to the financial and nonfinancial considerations that could impact their stakeholders, their bottom line, and their ability to effect positive social change.
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