The Formula One Australian Grand Prix: Exploring the triple bottom line

Social motivations and consumption behavior of spectators attending a Formula one motor-racing event

“…Despite the fact that the F-1 event has the potential to become a microcosm of the economy for the host community, few scholars have paid attention to examining the phenomena associated with F-1 events (see e.g., Baum & Lockstone, 2007;Fairley, Tyler, Kellett, & D'Elia, 2011;Farrelly, Quester, & Burton, 1997;Hall, O'Mahony, & Vieceli, 2010;Quester & Farrelly, 1998). For example, Farrelly et al (1997) proposed a strategy to incorporate sport sponsorship into the integrated marketing communication for the F-1 event.…”

Greenwashed sports and environmental activism: Formula 1 and FIFA†

“…In the Australian case, Economists at Large (undertaking the splendidly entitled analysis, "Priconomics") have shown that the 2012 Grand Prix generated a loss to the state of Victoria of A$60.6 million (http://www.ecolarge.com/blog/grandpriconomics-2013/; Campbell, 2013). This is apart from the impact on birdlife, waterways, trees, noise, trash, carbon footprints, and public utilization of the venue in Albert Park (Fairley et al, 2011).…”

“…For example, the annual budget of the Australian event is reportedly A$30 million, compounded at 15% a year. Much of that figure is met with public funds; hence the need for triple bottom-line analysis that looks at the costs and benefits of such occasions in economic, social, and environmental terms (Fairley, Tyler, Kellett, & D'Elia, 2011).…”

“…A Grands Prix Act exempts the Melbourne event from otherwise mandatory environmental protection (Fairley et al, 2011) and the bourgeois media and State and Federal governments largely ignore evidence that runs counter to the boosterism that characterizes the affair and distorts its popularity (Australian Press Council, 2012;Crook, 2011).…”

A weighted fuzzy approach for product sustainability assessment: a case study in automotive industry

“…Sustainability seems to be attractive proposition because of its meeting points among environmental concerns, manufacturing and product design activities (Rusinko, 2007). Moreover, it is bonded with the triple bottom line balance on achieving economic success, environment cleanness, and social responsibility all together and is considered as the central concept of sustainability, or sustainable development (Fairley et al, 2011;Hacking and Guthrie, 2008). Othman et al (2010) stated that "Design for sustainability" is a concept and also a design philosophy.…”