Chugach Electric Board adopts new business philosophy
Sustainability to formally guide cooperative decisions
In an effort to emphasize sustainability in the operations of the member-owned cooperative, Chugach Electric Association’s Board of Directors has formally adopted sustainability, also known as the Triple Bottom Line (TBL), as a business management philosophy. TBL is a method of evaluating a business’s performance using economic, social, and environmental measures.
The Chugach board adopted the resolution at its meeting on February 21. The resolution says, in part, “The Board of Directors adopts consideration of sustainability impacts in business decisions, to create greater business value and enhance the Association’s position as a long-term viable organization for the benefits of its members and the community.”
“We know there is much more to successfully running the utility for the benefit of our members and the community than just financial results,” said Board Chair Janet Reiser. “Formalizing sustainability as a business practice helps to ensure we meet the needs of the present day business without compromising the ability of future generations of Alaskans to meet theirs.”
“Making sustainability a focus and priority makes good business sense,” said Chugach CEO Lee Thibert. “Focusing on the fair treatment of employees, members, and stakeholders; reducing environmental impacts; while evaluating financial performance; all equals a better outcome for everyone.”
Many major companies across the U.S. use sustainability as a business principle, including Johnson & Johnson, Apple Inc., Microsoft Corp., and General Electric.