Abstract
During the Society of Chemical Industry (SCI) European Chemical Industry's annual conference in Montreux, Switzerland, Oct. 3-4, top executives, financial advisers, and business consultants tackled the thorny topic of the so-called triple bottom line—the financial, environmental, and social performance of the global economy. Discussions indicated a schism between large companies and smaller ones. Speakers from such larger companies as Dow Chemical and BP Amoco said industry had no choice but to learn how to work within the pressures applied by environmental and societal demands, juggling those demands with the financial demands of shareholders. Executives from smaller companies, on the other hand, privately voiced the counterpart to the often-heard argument that environmentalism is a luxury of a high standard of living. These executives recognized only their financial obligations to shareholders, dismissing other commitments as a luxury indulged in by the giants. Setting the stage, Bryan K. Sanderson, cha...
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