Green Building Business Investigation - Case Study Example

Hence, there is a need for further balanced and enhanced non-financial disclosure. TBL-based reporting has become a vehicle for reporting social, economic, and environmental performance, premised on the fact that by monitoring and reporting social, environmental and economic performance, organizations can be better prepared for future challenges and opportunities, including those that have traditionally been regarded as intangible, such as reputation. According to the Department of the Environment and Heritage (2003, p. 6), organizations that have successfully driven change due to TBL reporting have derived a number of benefits, which are highlighted below Embedding significant corporate governance and ethics systems in all levels of an organization.

Thus in an organizational setting, TBL helps ensure that a values-driven culture is integrated at all levels, as opposed to the board level as is the case with many corporate governance initiatives. Better management of risk through improved management systems as well as performance monitoring. This change may also result in robust resource allocation decisions being made and business planning being done since risks are better understood. Through TBL, an organization is able to formalize and enhance communication with key stakeholders such as suppliers, the finance sector, the community, and customers.

To achieve the energy star certification, a number of initiatives are required, including having a lighting retrofit project, performing an energy audit, and purchasing energy star projects. Finally, to lower waste in the building (for instance an office environment), there is a need to institute measures such as a double-sided printing policy and provide bins at every desk to serve the needs of each employee and/or client. It is notable however that although all these initiatives are meant to reduce the waste of materials, conserve energy, and improve the work environment, there may be only a slight improvement depending on how well the strategies are followed (Hodges, 2009, p. 18).