Medicinal Organic Cannabis Australia (MOCA) - Triple Bottom Line Approach to Business
Medicinal Organic Cannabis is a vertically integrated cannabis company that is dedicated to working with a "Seed to Sale" approach. This means that the company is involved in all aspects of the cannabis supply chain, from the initial seed to the final sale of the product. This approach allows the company to ensure that its manufacturing processes meet its high standards and vision.
At the core of Medicinal Organic Cannabis's business model is the triple bottom line, which consists of three P's: People, Planet, and Profit. The triple bottom line is an ethical measure of businesses, and it takes into account the impact of a company's actions on the environment, society, and corporate governance.
The people aspect of the triple bottom line refers to the company's impact on its employees, customers, and the broader community. At Medicinal Organic Cannabis, the company is committed to creating a positive impact on all of these stakeholders. The company provides a safe and healthy work environment for its employees, and it is committed to producing high-quality cannabis products that improve the lives of its customers. Additionally, the company is committed to supporting the local community and creating economic opportunities for people in the area.
The planet aspect of the triple bottom line refers to the company's impact on the environment. At Medicinal Organic Cannabis, the company is committed to sustainable practices that minimise its impact on the environment. The company believes that cannabis has the power to heal the earth and its people, and it is committed to planting with appropriate organic practices to achieve this goal. The company controls the entire process from soil preparation to genetic selection to cultivation and harvest to manufacturing and wholesale, ensuring that sustainability is at the forefront of every stage of the process.
The profit aspect of the triple bottom line refers to the company's financial performance. While Medicinal Organic Cannabis is committed to creating a positive impact on its people and the planet, it is also committed to creating a profitable business. The company believes that a sustainable business model is essential for long-term success, and it is dedicated to building a profitable triple bottom line company.
Medicinal Organic Cannabis's sustainable management team is made up of professionals with a unique mix of experience and skills. The team is committed to building some of the most prosperous triple bottom line companies in the world, with a proven record of accomplishment in environmental and social responsibility. The team's expertise in sustainability, finance, and cannabis production ensures that the company is well-positioned to succeed in the competitive cannabis industry.
Medicinal Organic Cannabis's triple bottom line accounting expands the traditional reporting framework to take into account social and environmental performance in addition to financial performance. This approach ensures that the company is transparent about its impact on the environment and society, and it holds itself accountable to its stakeholders.
In conclusion, Medicinal Organic Cannabis is a vertically integrated cannabis company that is committed to the triple bottom line. The company's commitment to sustainable practices, employee well-being, and community engagement ensures that it creates a positive impact on the world. The company's unique mix of experience and skills, along with its dedication to building profitable triple bottom line companies, makes it well-positioned for long-term success in the cannabis industry.
How we run our business
The ‘People’ Bottom Line
We also call this the social equity or human capital bottom line and is concerned with our company’s stakeholders other than shareholders. This includes our employee’s contractors, customer’s suppliers, and the wider community in which our business operates. We are interested in the welfare of our stakeholders. It is important to Medicinal Organic Cannabis that employees, contractors and other suppliers receive fair payment for their work and/or goods, and that their working conditions are good. We extend this ‘People’ Bottom Line to the company’s impact, directly and indirectly, on the public.
The ‘Planet’ or Environment Bottom Line
This is what we call ‘the planet bottom line’ and is concerned with the size of our ecological footprint.
Our goal is to keep it as small as possible. We do this by controlling energy consumption, reducing manufacturing waste, and disposing of it safely. In addition, it means managing the life cycle of a company’s products from start to finish.
That Includes lessening the environmental Impact from the raw material sourcing stage, to the end-of-life disposal stage.
The ‘Profit’ or Traditional Bottom Line.
The traditional bottom line is concerned with the effect of our activities on share value. We do this by costing all company activity and calculating whether the company is making a financial profit or a loss.
We incorporate our ‘Future-Impact Bottom Line’ for our sustainability to predict Medicinal Organic Cannabis's other three bottom lines will perform in the future. It is a strategic long-term planning exercise and, as such, the most imprecise and aspiration of all. We address these non-standard bottom lines as essential parts of our strategic plans.