Sunset Oil is a large oil drilling company off the Gulf Coast. They want to expand their drilling area and are receiving a great deal of push back from the local community. It will now be on the ballot at the next election. Sunset Oil is concerned about how all of this will impact their bottom line. Which of the following should be a consideration for Sunset Oil?

Question

Quizplus · Accepted Answer

The triple bottom line-representing people, planet, and profit (the 3 Ps)-measures an organization's social, environmental, and financial performance. In this view of corporate performance, an organization has a responsibility to its employees and to the wider community (people); is committed to sustainable (green) environmental practices (planet); and includes the costs of pollution, worker displacement, and other factors in its financial calculations (profit), matters high in the minds of many of today's consumers.

Sunset Oil Is a Large Oil Drilling Company Off the Gulf