Recommendations for Bio Organic Fertilizer Company

Recommendations for Bio-Organic Fertilizer Company
Triple Bottom Line
A triple bottom line is an essential tool that helps measure an organization's social, financial, and environmental performance through a specific period. There are three main elements of the bottom line, which include people, planet, and profit. According to the triple bottom line, whenever a company observes the profits only and disregards the planet and people, it is impossible to account for the total cost of conducting business. In the business world, speaking of the company's bottom line refers to the profits. Notably, the triple bottom line promotes the idea of sustainability in conducting business practices, where firms look beyond profits to include specific social and environmental issues as a measure of the full costing.
Suggestions on Financial Performance
A triple bottom line is an essential tool that enhances sustainability and advocates minimal environmental impact, minimal resource consumption, and building a successful long-term business. Many approaches can be used to reduce costs and ensure that the company remains profitable. In order to reduce costs and ensure that transportation is environmentally friendly, the company can adopt carpooling strategies in its transportation. Through carpooling, they will reduce the number of vehicles required to transport products. Eventually, this will lead to a reduction in emissions and traffic within the area. Moreover, building a diverse team is essential to enhance or promote the triple bottom line focus (Elkington, 2006). The organization needs to have a more diverse workforce to promote inclusivity and diversity within the team. This culture is essential to warrant the long-term success and sustainability of the organization. Recycling is also an essential incentive that can greatly reduce costs and environmental impacts. The organization will be more focused on the growth and development of various incentives intended to recycle and return fertilizer containers. This demonstrates how the company is focused on the planet and works towards attaining long-term success (Zadek, 2004).
Suggestions on Environmental Metrics
Synthetic plastic is a major problem to the environment and has been impacting businesses negatively. Many of these plastics are non-biodegradable and affect the lives of people and animals on the planet. Through the accumulation of these plastics, there are unprecedented dangers that mandate companies to be proactive in coming up with measures to reduce the use of non-biodegradable plastics. Therefore, using packaging from biodegradable plastics and other materials is important to enhance sustainability within the company (Chandler, 2020).
The 4R nutrient stewardship involves numerous stakeholders to ensure that decision is comprehensive and aligns with all people's needs. The 4R nutrient stewardship includes selecting the right fertilizer source that is applied at the appropriate time, rate, and place. All the 4R are connected and interdependent and play vital roles in enhancing sustainability within the company. The organization must work with all stakeholders to ensures that the Right fertilizer, the ...