First, bringing some up to speed, about a month ago I wrote a post on the changing landscape of business due to such business sustainability initiatives of the Triple Bottom Line (3BL). This is an ongoing subject that I love to rant about, shine light and attempt to create innovative ideas on the reg, or as some prefer, on the regular.
To provide some context on the paragraph below, this was taken from a paper written by business heavy hitters Yvon Chouinard (CEO, Patagonia), Jib Ellison (Founder & CEO, BluSkye) and Rick Ridgeway (VP, Environmental Initiatives). The paper is aptly titled “The Big Idea: The Sustainable Economy”. Fantastic read. I got the inside track from good friend and colleague, Patrick Cowen who is an advertising badass and currently earning his MBA from University of Denver.
Real change will come as high-level calculations filter down to individual companies’ bookkeeping. Puma, a sports footwear and apparel brand that is a subsidiary of the French PPR Group (which also includes Gucci, Stella McCartney, and Yves Saint Laurent) announced in April 2011 that it would begin issuing an environmental profit & loss statement that will account for the full economic impact of the brand on its ecosystem. It commissioned PriceWaterhouseCoopers to help develop the EP&L statement, and both companies hope to create a model robust enough to be adopted by others. “This is nothing to do with corporate social responsibility and the green agenda,” Chris Knight, of PwC’s sustainability practice, told The Financial Times. “It is hard-nosed economics.”
For me, this paragraph should be a big eye opener for all business stake holders. Are you one who considers this business sustainability movement a mere pop culture trend? Good luck with that.

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