Sustaining a Sustainability Report by Modifying Triple Bottom Line to Pentaple Bottom Line: an Imaginary Research Dialogue

Abstract

The study is an imaginary research dialogue. The dialogue is between two scholars: Senior and Junior Researchers. To bring up their imagination, postmodernism is used to explore the dialogue. Both are trying to discuss the current issues on Sustainability Report Disclosures. The objective of the study is to explicate Sustainability Report Disclosures by modifying Triple Bottom Line to Pentaple Bottom Line. Postmodernism is used to open our minds of research report writings and arguments by using dialogue to introduce Pentaple Bottom Line in Sustainability Report Disclosures.The result of the study is that Pentaple Bottom Line is a mode of comprehensive disclosures on the preparation of sustainability report by any organization either business or public, and either big or small. The Pentaple Bottom Line is 5 Ps: Planet, People, Profit, Phenotechnology and Prophet. Planet means to preserve natural environment as a balance of operational activities of an organizational contribution. People give its meaning that the balance with the welfare of people (internal and external organizations) or the community becomes important to contribute to the corporation. Proportion in providing justice in people's welfare is an effort to be balanced. Profit is an effort that is now dominant in achieving organizational performance must be balanced. Profit or welfare in economic aspects is important, but must be balanced with the other Ps. Phenotechnology is the fact that the existence or phenomenon of information technology must be an important part in maintaining the survival of the corporation. Prophet is a spiritual, mental, or spiritual balance in the process of preserving life of an organization.

Business sustainability and pentuple bottom line: Building the hierarchical pyramid of the pentuple bottom line

“…Business sustainability is a business concept that is chosen to fulfill its business activities and must not interfere with the ability to meet current and future needs in the aspects of people, planet and profit. Increasing business activities that is carried out by companies, namely to process, pursue growth, and add value to company operations, this is a sustainable business spirit (Sukoharsono, 2019). According to GRI, the definition of a sustainability report is a report that measures, discloses, and shows the responsibility of the company to external and internal parties as well as programs that show the company's performance in relation to sustainable development (GRI, 2016).…”

“…The pentuple bottom line (5P) is expansive thinking of the triple bottom line. This concept means that if an organization or institution or corporation wants to maintain its business or survive, then the company must balance the 5P aspects: Prophet, People, Planet, profit and phenotecnology (Sukoharsono, 2019). The pentuple bottom line according to Triyuwono (2016) consists of profit, planet, people, prophet and God.…”

“…Investor continued to read and learn the concept of Sukoharsono (2019). From the beginning of Luca Pacioli's bookkeeping concept, many people have argued that the sole responsibility of the company is to provide maximum economic value to shareholders.…”

“…Today with the development of community awareness, the company has shifted its responsibilities to a triple bottom line, namely economic, social and environmental aspects. The triple bottom line was updated by Sukoharsono (2019) to become 5P (people, planet, profit, phenotechnology and prophet. ).…”

The Implementation of Pentaple Bottom Line Concept in Companys Social Responsibility Program Pt Pelindo Iii.

“…An organization must be aware of the practices of spirituality. This includes the revelation of God Awareness, Transcendental Awareness, Honesty, Ability to Self-Contemplation and Sincere Love (Sukoharsono, 2019).…”