Question

The management team for SafeCare Chemicals Inc. came up with the following vision statement:________. 1. "SafeCare Chemicals will conscientiously track its financial performance to ensure profits for its investors, 2. enhance its community through employment and supporting charities, 3. dispose of waste in a manner that will not harm the environment." This vision statement is most likely based on the:_______.

Answer 1

Answer: Triple-bottom-line approach

Explanation: According to the content of the vision statement, it could be concluded that SafeCare Chemicals Inc. has adopted the Triple-bottom-line approach which incorporates the social, environmental and financial privileges into it's business framework. The triple-bottom-line approach is a robust business framework which keeps track of it's business profit as much as it acknowledges the essence and importance of contributing to social development and mitigating the impact of it's production processes to environmental degradation.