Increasingly applied in the commercial world, Triple Bottom Line (TBL) is a business theory that measures an organisation not only by its profit, but also its impact on people and planet within its sphere of business.
This translates into the world of Procurement as purchasing with not only the single bottom line of profit, but also with close consideration of the impacts of the purchasing decision to all stakeholders in the supply and value chains, from grower/producer through to end user, together with the ecological and environmental impacts of that process.
In essence, the sustainability of the deal.
Procurement professionals operate below the line and very few still believe sustainable and responsible purchasing to be a fad. Conscious consumers,stakeholders and shareholders are most apparent, yet fiscal pressures remain more acute than ever. As a result, an arguably more astute procurement community is emerging that deserves to be recognised.
TBL provides such a platform. The awards will recognise an elite group of the most proactive individual Procurement professionals for supply chain excellence; going beyond the immediate call of buying on price, quality and service and driving sustainable practice in the supply chain in the process.
These awards for excellence in the supply chain are open to all Procurement and Supply Chain leaders in the foodservice and retail fields. From five core categories a maximum of three individuals will be acknowledged as the top performers in their category.
The Triple Bottom Line Dinner will be announced soon.