Medicinal Organic Cannabis Australia (MOCA) - Triple Bottom Line Approach to Business
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.