Vancity's Triple Bottom Line Business Model
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Vancity’s key stakeholders are known to be its employees, and their communities within which it operates. In order to keep these stakeholders satisfied with their services, Vancity makes use of a triple bottom line business model; which is put into action in order to gain financial success but at the same time to keep focused on the social sustainability and as well as the environment. Vancity is a Vancouver – based co – operative which was founded in 1946. It started with only $22 of total assets, with a goal to loan money to the banks that were not very well known. Vancity is known to be the Canada’s largest credit union, with more than $14.5 billion in assets and at least over 2,400 employees.
Over the years the employees’ of Vancity, had