Business sustainability and pentuple bottom line: Building the hierarchical pyramid of the pentuple bottom line

Authors

DOI:

https://doi.org/10.20525/ijrbs.v10i3.1156

Keywords:

Deconstruction, Triple Bottom Line, Pentuple Bottom Line Hierarchical Pyramid, Business Sustainability and Postmodernist Paradigm,

Abstract

This study aims to construct a pentuple bottom line hierarchical pyramid at PT Bank Negara Indonesia Tbk. The triple bottom line is the key to drive the success of implementing business sustainability. The pentuple bottom line is a deconstruction of the triple bottom line concept. The researcher used a postmodernist paradigm with imaginary dialogue as a research method. The imaginary dialogue consists of two specialists namely accountant and investor. The result of this research is a pentuple bottom line hierarchical pyramid model. The pentuple bottom line hierarchical pyramid is a model for measuring company managerial performance consisting of ethical responsibilities, profit, people, planet, and prophet. First, ethical responsibilities are ethical responsibilities, the company has an obligation to carry out good and fair business practices, second, profit is an effort to fulfill the company's economic welfare third, people, the company tries to provide benefits and advantages for the stakeholders, fourth, planet, the company can preserve the environment, the fifth, prophet is mental or spiritual balance in the process of preserving life, business organizations must consider the expression of God-consciousness, transcendental consciousness, honesty, the ability to self-contemplate and sincere love

References

Elkington, J. (1997). Cannibals with forks: The triple bottom line of 21st century business. Oxford: Capstone.

Global Report ING Initiative. (2016). Retrieved june 1, 2020, from https://www.globalreport ing.org/standards/gri-standards-download-center. Juni 2020

Global Report ING Initiative. (2013). Global Conference on Sustainability and Report ing. Retrieved June 1, 2020, from https://www.globalreport ing.org/resourcelibrary/2013-GRI-Global-Conference-in-Review.pdf Juni 2020

Hadad, M. D., & Maftucha, I. (2015). Sustainable Financing. Jakarta: PTGramedia.

Hadi, Nor. (2011). CSR. Yogyakarta: Graha Ilmu.

Muallifin, O.R., dan Priyadi, M.O. (2016). Dampak pengungkapan sustainability report terhadap kinerja keuangan dan pasar. Jurnal Ilmu dan Riset Akuntansi, 5(5).

Muliaman, D. Hadad. dan Istiana, Maftuchah. 2015. Sustainable Financing. PT Elex Media Komputindo, Jakarta.

Rachman, et al. (2011). Panduan lengkap Perencanaan CSR. Penebar Swadaya: Jakarta.

Schaltegger, S. Ludeke-Freund, F. & Hansen, E. G. 2012. Business cases for sustainability: The role of business model innovation for corporate sustainability. Int.J.Innov.Sustainable Develop.International Journal of Innovation and Sustainable development, 6(2), 95-119.

Sukoharsono, Eko Ganis (2011). Green Accounting To Be A Serious Business of Accounting Discipline: An Imaginary Neo-Postmodernist Dialogue. Presented at the Plenary Session of the Grand Opening of the Accounting National Symposium (Simposium Nasional Akuntansi – SNA) XIV ACEH, INDONESIA 20–23 July 2011)

Sukoharsono, E. G. (2019). Sustaining a Sustainability Report by Modifiying Triple bottom line to Pentaple Bottom Line: An Imaginary Research Dialogue. The International Journal of Accounting and Business Society. 27(1)

Sukoharsono, Eko Ganis. 2018. Strategies to Improve the Sustainability in Promoting Transparency, Accountability and Anti-Corruption: An Imaginary Dialogue. The International Journal of Accounting and Business Society. 26(1). August.

Sustainability Report PT Bank Negara Indonesia Tbk. 2017

Sustainability Report PT Bank Negara Indonesia Tbk. 2018

Sustainability Report PT Bank Negara Indonesia Tbk. 2019

Triyuwono, I., (2016). Taqwa: Deconstructing Triple Bottom Line (TBL) to AwakeHuman’s Divine Consciousness. Pertanika Journal Of Social Science AndHumanities, 24, 89-103

Untung, Hendrik Budi. 2014. CSR. Sinar Grafika: Jakarta.

Downloads

Published

2021-05-01

How to Cite

Badria, N., Sukoharsono, E. G., & Purwanti, L. (2021). Business sustainability and pentuple bottom line: Building the hierarchical pyramid of the pentuple bottom line. International Journal of Research in Business and Social Science (2147- 4478), 10(3), 123–131. https://doi.org/10.20525/ijrbs.v10i3.1156

Issue

Section

Strategic Approach to Business Ecosystem and Organizational Development