Triple Bottom Line (TBL) is a term coined in
1994 by John Elkington. TBL is used to indicate that the performance of companies
should not only be reported and judged on purely financial considerations,
but also on Environmental Responsibility and Social Responsibility.
The 3 Bottom lines: People, Planet and Profit
People (Human Capital) pertains to fair and beneficial
business practices toward labor and the community and region in which a
corporation conducts its business.
Planet (Natural Capital) refers to sustainable environmental
practices. A TBL company endeavors to benefit the natural order as much
as possible or at the least do no harm and curtail environmental impact.
Profit (Financial Capital) is the bottom line shared
by all commerce, conscientious or not. In the original concept, within a
sustainability framework, the "profit" aspect needs to be seen as the economic
benefit enjoyed by the host society. It is the lasting economic impact the
organization has on its economic environment. This is often confused to
be limited to the internal profit made by a company or organization. Therefore,
a TBL approach cannot be interpreted as traditional corporate accounting
plus social and environmental impact.
The concept of TBL demands that a company's responsibility
should be to all Stakeholders
rather than only to the
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Various sources of information regarding the Triple Bottom Line. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops.
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