Publications

Minister’s statement

In recent times we have seen a growing recognition that development needs to be based on a joint understanding of the importance of environmental protection, economic growth and social cohesion.

The ‘triple bottom line’ means looking out for social and environmental outcomes, as well as financial returns and fiscal responsibility. A Triple Bottom Line Report (TBL Report) is a public account of that performance, ‘walking the talk’ to show that sustainability is about practical, measurable outcomes, and not just rhetoric.

Of the Global Fortune Top 250 companies in the world, 45% now produce sustainability reports. Australian companies are increasing their disclosure of environmental, social and economic performance information. A recent survey found that 116 Australian companies produced sustainability reports in 2002–03.The Australian Government has a range of initiatives in place to encourage sustainability in management and in reporting. This includes publications, an extension programme, roundtable discussions and an online library of sustainability reports.However, it is not enough to simply tell others what they should be doing.

This 2003–04 Department of the Environment and Heritage TBL Report shows that the public sector can practice what it preaches. The report covers the internal operations of the Department, documenting its environmental, social and economic performance over the year. It also highlights practical initiatives that have produced real outcomes.By producing this report, my department is taking up the challenge of environmental, social and economic responsibility.

My congratulations go to everyone involved.

Senator the Hon Ian Campbell
Minister for the Environment and Heritage
Manager of Government Business in the Senate
Senator for Western Australia

September 2004