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Defining the Social Dimension of Triple Bottom Line for the Australian Dairy Industry: Challenges, Priorities and Opportunities

Abstract

Understanding the social impact the dairy industry has on employees and local communities is part of Dairy Australia’s commitment to the Triple Bottom Line (TBL) framework, which emphasises that businesses have social, environmental and economic impacts and responsibilities. This social impact assessment project, currently underway, aims to identify and quantify the social value of the dairy industry, whilst proactively identifying areas for improvements. Through an online survey for employees and a random postal survey of 15,000 dairy community residents, the project investigates how Australians perceive the Dairy Industry, as well as their wellbeing, quality of life, community involvement and work experiences. This paper provides an overview of the study, outlining why developing quantifiable indicators for the social dimension of TBL that are designed to be as rigorous as current financial reporting is a business priority. Examples of how the findings will contribute to the identification and management of issues, measures of industry sustainability and future strategy are discussed

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