An Ecologically sustainable development is a development that uses, conserves, and enhances the community's resources so that ecological processes on which life depends are maintained, and the total quality of life, now and in the future, can be increased (Cwth of Australia, 1992). Environmental issues need to be considered by the operations of all organizations. As Seidman (2010) pointed out, an increasing number of entities are starting to use the triple bottom line management approach.
Developed by Elkington (1997), the triple bottom approach refers to the three different spectrum of managerial action that companies those organizations can consider through their operation. This management perspective provides a way to measure company success in terms of three different aspects, the social, the
environmental and the economic productivity and performance of the business enterprise. The implementation of the triple bottom line approach can enable companies to take account of the full costs of doing business. As Garvin notes: "it is
a growing phenomenon, largely because society is holding business leaders accountable in multiple arenas, far more so today than they did in past, (Seidman, 2010). This report will analyze one of Australia's major Ecologically sustainable
developments, Melbourne Docklands, in order to examine how the developments work as a ESD.
[...] This development has the highest amount of ecological sustainable projects of all Australia. The Melbourne Docklands represent the successful integration of a number of environmental initiatives. One of them is Water Sensitive Urban Design (WSUD). WSUD attempts to “connect the community with their environment in a sustainable way” (http://www.docklands.com). WSUD is implemented effectively in Melbourne Docklands. Rainwater from surrounding areas is captured within the park. This water is then treated and stored “underground for later use in parkland irrigation” (ibid). In addition to its effective and innovative water management features, include the effective re-use of storm, grey and black water, the Melbourne Docklands projects use other forms of energy and resources in a very adequate way to reduce costs and ensure that the environment is harmed as little as possible (ibid). [...]
[...] LIST OF SOURCES Commonwealth of Australia (1992), quoted in “What is ecologically sustainable development?” http://www.swtafe.edu.au/trends/tourism/Chapter%201.pdf Elkington, J. (1997) Cannibals with Forks: The Triple Bottom Line of 21st Century Business. Oxford: Capstone Publishing. Moore, R. (2011) Docklands Coordination Committee Report http://www.melbourne.vic.gov.au/AboutCouncil/Meetings/Lists/CouncilMeetingAg endaItems/Attachments/8984/5.2.pdf Rushton, L. (2003) “Health hazards and waste management”, in Impact of environmental pollution on health: Balancing risk. http://bmb.oxfordjournals.org/content/68/1/183.full Turkish Court of Accounts (2007) “Environmental Auditing and Supreme Audit Institutions” .www.sayistay.gov.tr/english_tca/145_Years/Symposium/IntSympEnAuditing.pdf Seidman, A. (2010) Could better corporate ethics have prevented BP oil spill? [...]
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