Before this waste had cost the company more than 1 million per year And the

Before this waste had cost the company more than 1

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its best-selling products. Before, this waste had cost the company more than $1 million per year. And the company is well on its way to “zero waste to landfill” worldwide. According to Joanna Yarrow, IKEA’s head of sustainability for the UK, “We don’t do this because we’re tree huggers, we do this because it’s very cost effective.” INTERRELATION OF TRIPLE BOTTOM LINE AND SUSTAINABILITY ACCOUNTING Sustainable Development Brundtland report, Hart and Milsten (2003) define sustainability development as the expectations of improving the social and environmental performance of the present generation without compromising the ability of future generations to meet their social and environmental needs. The terms ‘sustainability’ and ‘sustainable development’ are frequently used today in public arena. In 1987, the United Nations World Commission on Environment and Development (World Commission) provided what has become a widely-used definition of sustainability as the ability of a society to meet the needs of the present without compromising the ability of future generations to meet their own needs. Sustainable development therefore, focuses on incorporating a forward thinking approach by businesses toward shearing up world sustainability.
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