Triple bottom line

Triple bottom line

• 2.
  FUTURE VIEW Businesses arenow having to start justifying their existence and worth to society, with greater emphasis placed on environmental and social impact rather than straight economics. Those companies seeking to drive such changes in their own business sites, a vision is essential. Picturing what it would look like to have sustainability everywhere is a step that must happen in the earliest stages of implementation
• 3.
  LONG TERM LEASE Along term lease has certain advantages and disadvantages. The lease itself is 10 years or longer. Most typically used in commercial real estate rentals. Having a long term lease locked in is a good economic goal as the rent will not fluctuate even if the rents are trending upward. However if markets trend downward, you are still locked in to the lease agreement at the same cost. Whether the market fluctuates up or down, a long term lease is beneficial to the bottom line and future budgeting, and will be a constant on a typical PnL (Profit and Loss) statement. One of the downsides to a long term lease is that if the company wants to move, it must wait out the time period before moving to another location.
• 4.
  MAINTAINING EXISTING EXTERIOR CONSTRUCTION Efficiencyin older buildings can be maintained and improved at a lesser cost than constructing new buildings. Green buildings are not necessarily new buildings. Major renovations can be costly, however, on older or historic buildings for example, the life cycle of cradle to grave will typically be less than new construction. Buildings don’t necessarily have to pursue LEED qualifications to reduce carbon footprint. Adaptively reusing existing buildings can reach sustainability goals. There are higher energy and materials costs in new buildings. There is opportunity to reuse materials that are no longer being produced, or are very costly to reproduce, such a local old growth wood, or hand crafted materials no longer being made locally. Deferred maintenance can be costly in the long run, but common to older buildings, but still less than new construction.
• 5.
  BOTTOM LINE Using preexisting construction uses much less energy, is less costly and in some cases faster than demolition and new construction. A long term lease is most beneficial in a stable and upward trending market since the projected rental cost will always be the same. Each type of building target benefits all three of the components of Economy, Social Impact, and Environmental Impact.
• 6.
  QBL - QUADRUPLEBOTTOM LINE The fourth pillar denoted a future oriented approach (future generations). It is a long term outlook that sets sustainable development and sustainability concerns apart from the previous social, environmental and economic considerations.