Triple Bottom Line

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Description of Triple Bottom Line. Explanation.

 

Definition Triple Bottom Line. Description.


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 Shareholders.


Special Interest Group - Triple Bottom Line


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Forum - Triple Bottom Line  

In the forum section you will find recent discussions within this knowledge area.


  Guidelines for Triple Bottom Line Reporting: the Global Reporting Initiative
One of the mechanisms that encourages businesses and corpora...
 
 
 
 
  TBL Reporting Methodology
To a certain extent, quantification brings in accountability...
 
 
 
 
  Examples of Triple Bottom Line Reporting
Is there any known company that reports its TBL performan...
 
 
 
 
  Tripple Bottom Line is Needed
This is what the modern day companies should follow within t...
 
 
 
 

Best Practices - Triple Bottom Line

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Expert Tips - Triple Bottom Line

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How to Incorporate Sustainability into the Balanced Scorecard?

Sustainability Balanced Scorecard, SBSC, Triple Bottom Line...
 
 
 

Reasons Why People are Doing Voluntary Work

Expectancy Theory, Corporate Social Responsibility, Stakeholder Perspective, Volunteers...
 
 

Resources - Triple Bottom Line

In the Resources section you will find powerpoint presentations, micro-learning videos, articles, news items, etc. within this knowledge area.


Creating Triple Bottom Line Awareness: An Introduction

Triple Bottom Line, Corporate Sustainability...
 

Materialism. Causes, Consequences and Remedies

Corporate Sustainability, Consumerization...
 

Exceptional Speech by then 13 year-old Severn Suzuki at the UN, 2008 on Environmental and Social Responsibility

Environmental Responsibility, Social Responsibility...
 

Triple Bottom Line Reporting

Triple Bottom Line, Corporate Sustainability...
 

The Dawn of Conscious Capitalism

Conscious Capitalism, Value-driven Consumer, Socially Responsible Investing, Corporate Responsibility...
 

Strategy, Society and CSR

CSR Strategy, Competitive Advantage, Strategic Corporate Social Responsibility, Strategy and Society...
 

Fundamentals of Business Ethics

Business Ethics, Corporate Ethics, Ethical Behavior, Corporate Responsibility, Stakeholder Management...
 

Introduction Into Welfarenomics

Welfarenomics...
 

Paperless Workplaces: Reasons, Practices and Difficulties

Corporate Social Responsibility, Corporate Sustainability, Paperless Office...
 
 

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Compare with: Stakeholder Value Perspective  |  Shareholder Value Perspective  |  Corporate Responsibility  |  Corporate Sustainability  |  Corporate Accountability  |  Corporate Transparency  |  Value Based Management  |  Strategic Intent  |  Ashridge Mission Model  |  Core Competence  |  Clarkson Principles  |  Intrinsic Stakeholder Commitment  |  Stakeholder Analysis  |  Stakeholder Mapping  |  Strategic Stakeholder Management  |  Moral Purpose  |  Seven Surprises  |  Spiral Dynamics

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