TRIPLE BOTTOM LINE
  "During the first ten years we've been discussing direction. Now is the time to implement that direction into business and societal mechanisms." -Toshio Arima, Fuji Xerox Co., Ltd.

In 1953, the author of "Social Responsibility of Businessmen," H. Bowen, first coined the phrase Corporate Social Responsibility (CSR) which is defined as the integration of social and environmental concerns into corporate strategies.

John Elkington, author of the 1998 book "Cannibals with Forks: The Triple Bottom Line of 21st Century Business," has been attributed to being the first to define Triple Bottom Line Theory. While continuing to measure profit, Triple Bottom Line Reporting also measures the organization's impact and sustainability on people and on planet both locally and globally. This theory is founded on businesses' responsibility towards stewardship in the environment, society and the economy, or more commonly referred to as people, planet and profit. Triple Bottom Line Reporting and CSR Reporting are often used interchangeably.

PEOPLE


    The first key element in CSR and the triple bottom line is the stakeholder or the people which includes shareholders. Stakeholders include employees, management, board members, the community, customers, suppliers, business associates and anyone else that has a touch point or is affected by the business.

    In respect to people, the triple bottom line principles do not exploit or endanger any group associated with the business and provide provisions for giving back to the community and the environment.

PLANET

    The second element refers to a company's sustainable environmental practice endeavors.

PROFIT

    Lastly, profit is the economic value the company has on the people and the planet and can be computed as the reduction of the company's carbon footprint.
THE QUINCELLENT METHOD

The Quincellent Method is the WEX proprietary theory based on, and building upon, the principles of Triple Bottom Line. Quincellent adds two imperative pieces to the original theory (Purpose and Performance), giving WEX customers a more robust framework for their CSR needs.

This new theory is engraved in The WEX Philosophy, The WEX Methodology as well as The WEX Compass' processes and procedures.

The Quincellent Method: Purpose. PEOPLE. Planet. PERFORMANCE. Profit.

The WEX proprietary elements of the Quincellent Method are placed in sequence as though telling a story:

  • PURPOSE: Mission, Vision, Values and most importantly, PASSION.
  • PEOPLE: The RIGHT People in the the CORRECT Positions.
  • PLANET: Sustainable Practices.
  • PERFORMANCE: Management Best Practices.
  • PROFIT: Economic value on People/Planet - Reduction in Carbon Footprint.

Working Excellence is a certified B-CORP!


Working Excellence is very proud to announce that it has just been certified as a B Corporation.

B Corporations are a new type of corporation which uses the power of business to solve social and environmental problems. B Corporations are unlike traditional responsible businesses because they:

  • Meet comprehensive and transparent social and environmental performance standards.
  • Institutionalize stakeholder interests.
  • Build collective voice through the power of a unifying brand.

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  "All is connected, no one thing can change by itself." Paul Hawken

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