Exposé final : Le concept de la « Triple Bottom Line » (transposition de la notion de développement durable en entreprise)

final Assignment: triple bottom line concept (titre original)

Risk is an important part of all businesses in the world. No business can exist without confronting with high and low, evitable and inevitable risks. For this purpose, the process of risk management is one of the most crucial activities of a business. Risk management is one of the most preeminent activities carried out in any business in order to eliminate and mitigate various risks involved in its operations. With the help of some risk management strategies, a company can either avoid the occasion of risk bearing event or limit losses in the consequence of high risk. The risk management concept has increasingly been extending its focus from typical financial perspective to environmental and societal perspective, known as the triple bottom line. The concept of triple bottom line suggests that businesses are driven by three major objectives or 3Ps i.e. people, planet and profit. When a business is determined to meet all these objectives, its risk management process requires a precise consideration to all the three dimensions with respect to any business or project.

This paper elaborates the concept of triple bottom line risk management and tries to analyze this concept with the help of triple bottom organizational model and triple bottom line measurement matrix. triple bottom line risk management process has been evaluated with the help of RISQUE method propounded by Martin, Bowden and Lane (2002). This method encompasses several steps involved in risk management process. This paper encompasses the risk management process within the perspective of financial as well as environmental and societal objectives.