Cello Plastotech: Adopting The Triple Bottom Line As A Sustainability Strategy

Sana Shawl, Keyurkumar M. Nayak, Nakul Gupta

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Despite the promising growth potential of the plastics industry in India, it is faced with sustainability challenges owing to its detrimental impact on environment. To preserve the environment and human kind, the government made a bold announcement in 2018 to eliminate the use of highly polluting single-use plastics (SUPs) in the country. Amid this growing sustainability threat against plastics and the fall in demand of SUP items, this case illustrates that Sandip Patel, the plant manager of Cello Plastotech, is entrusted by the CEO with the responsibility of adopting a triple bottom line approach encompassing its three pillars, that is, people, planet and profits, as a response to the sustainability challenge. The strategic rethinking towards adopting sustainability required Patel to face the challenge of striking a balance between the three pillars of triple bottom line while also taking some valuable insights for plastic waste management from the circular economy model. While making a transition to sustainability, he needed to evaluate different options like stopping the manufacture of SUPs and look for alternatives, use of biodegradable raw material which was expensive but environment friendly or manufacture such durable plastic products that would replace SUPs.

Subjek

STRATEGIC MANAGEMENT
 

Katalog

Cello Plastotech: Adopting The Triple Bottom Line As A Sustainability Strategy
ISSN: 2045-0621
10p.: pdf file.; 396 KB
English

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Pengarang

Sana Shawl, Keyurkumar M. Nayak, Nakul Gupta
Perorangan
 
 

Penerbit

Emerald
New York
2024

Koleksi

Kompetensi

 

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