Triple Bottom Line

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What is the Triple Bottom Line? Meaning.

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.

Forum Forum about the Triple Bottom Line. Below you can ask a question about this topic, share your experiences, report a new development, or explain something. 🔥 Guidelines for Triple Bottom Line Reporting: the Global Reporting Initiative One of the mechanisms that encourages businesses and corporations to develop in a sustainable way is the Global Reporting Initiative (GRI), consisting of guidelines for Triple Bottom Line reporting. T... 6   5 comments TBL Reporting Methodology To a certain extent, quantification brings in accountability. What is the methodology to account for "People & Planet" headings?... 1   Examples of Triple Bottom Line Reporting Is there any known company that reports its TBL performance? To a certain extent, quantification brings in accountability.... 1   Start a new topic about the Triple Bottom Line

Expert Tips Advanced insights about the Triple Bottom Line. Here you will find professional advices by experts. 4 Levers to Pursue a Dual Corporate Purpose CSR, Impact on Society, Balancing Financial and Social Goals, Dual Purpose These is a slow but steadily increasing trend for corporations to diminish their single-minded pursuit of shareholder va... How to Incorporate Sustainability into the Balanced Scorecard? Sustainability Balanced Scorecard, SBSC, Triple Bottom Line Due to the fact that corporate sustainability issues have become more and more important, organizations are now forced t... How to Design a Large CSR Program that Works CSR, Shared Value, Public-Private Partnerships, Poverty Reduction, Combating Global Inequality A study by Kaplan, Serafeim & Tugendhat (2018) finds that most corporate social responsibility (CSR) programs they analy... Reasons Why People are Doing Voluntary Work Expectancy Theory, Corporate Social Responsibility, Stakeholder Perspective, Volunteers Voluntary work has long been seen as an activity performed mainly by unemployed individuals –mostly women, both in their...

Information Sources 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. Creating Triple Bottom Line Awareness: An Introduction Triple Bottom Line, Corporate Sustainability This presentation elaborates on the concept of the Triple Bottom Line. The presentation has many interesting slides with... Materialism. Causes, Consequences and Remedies Corporate Sustainability, Consumerization Presentation about materialistic values and how this affects the environment. The presentation includes the following se... Exceptional Speech by then 13 year-old Severn Suzuki at the UN, 2008 on Environmental and Social Responsibility Environmental Responsibility, Social Responsibility At the United Nations Conference on Environment and Development 2008, a 13 years old child, speaking for ECO, the Enviro... Triple Bottom Line Reporting Triple Bottom Line, Corporate Sustainability This presentation briefly elaborates on Trible Bottom Line accounting and reporting. The presentation includes the follo... The Dawn of Conscious Capitalism Conscious Capitalism, Value-driven Consumer, Socially Responsible Investing, Corporate Responsibility This presentation provides an introduction into the concept of conscious capitalism, and includes the following sections... Strategy, Society and CSR CSR Strategy, Competitive Advantage, Strategic Corporate Social Responsibility, Strategy and Society Presentation about the relationship between CSR and Competitive Advantage. It includes the following sections: - Busine... Fundamentals of Business Ethics Business Ethics, Corporate Ethics, Ethical Behavior, Corporate Responsibility, Stakeholder Management Presentation about business ethics, including an explanation of its relation with economics and the law. It also include... Introduction Into Welfarenomics Welfarenomics This presentation elaborates on the concept of welfarenomics. The presentation includes the following sections; 1. Cont... Paperless Workplaces: Reasons, Practices and Difficulties Corporate Social Responsibility, Corporate Sustainability, Paperless Office This presentation elaborates on the creation of paperless workplaces in the digital age, and includes the following sect...

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