Introduction The triple bottom line is an accounting framework that focus on 3 factors that include social equity, economic feasibility and environmental sensitivity. It was created by John Elkington in 1994 and has become a basis for a sustainable business (Miller, 2015). A sustainable business is one that creates profit, benefits the community and protects the environment These three parts are used to analyze an organizations performance. Environmental For environmental sensitivity a corporation considers their impact on the environment. This includes the companies use of air, land, water and waste. The Home Depot focuses on offering eco-friendly products since the launch of their eco options program in 2007. They created labels for over 9,000 products that allow consumers to distinguish which are environmentally preferred. A few of these environmentally preferred products include Energy Star certified appliances, LED light bulbs, compact fluorescent light bulbs, and tank less water heaters. Energy Star alone helped customers save over 630 million dollars in electricity cost. The company helped save over 48 million gallons of water and 400 million in water bills by using the company's water sense labeled products. The company also converted from high volatile organic compound paint to low …show more content…
The relationship between company and community plays a big role in their reputation and sales. Consumers in the community are more likely to shop or work in a company that has a good reputation and brand. Having fair and beneficial labor wages is also factor that plays a part in social equity. The Home Depot focuses on giving back to the communities they serve by creating a foundation called "Team Depot". Team Depot is an associate led volunteer group that serves to meet the communities needs that can range from painting schools, building playgrounds, fixing houses or participating in fund