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
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People (Human Capital) pertains to fair and beneficial
business practices toward labor and the community and region in which a
corporation conducts its business.
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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.
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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.
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 TBL Reporting Methodology
To a certain extent, quantification brings in accountability.
What is the methodology to account for "People & Planet" headings?...
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Triple Bottom Line Special Interest Group
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How to Incorporate Sustainability into the Balanced Scorecard?
Due to the fact that corporate sustainability issues have become more and more important, orga...
Usage (application): Sustainability Balanced Scorecard, SBSC, Triple Bottom Line
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Reasons Why People are Doing Voluntary Work
Voluntary work has long been seen as an activity performed mainly by unemployed individuals –mostly women, both in their youth and retired - because t...
Usage (application): Expectancy Theory, Corporate Social Responsibility, Stakeholder Perspective, Volunteers
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Creating Triple Bottom Line Awareness: An Introduction
This presentation elaborates on the concept of the Triple Bottom Line. The presentation has many interesting slides with quotes and other materials to...
Usage (application): Triple Bottom Line, Corporate Sustainability
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Materialism. Causes, Consequences and Remedies
Presentation about materialistic values and how this affects the environment. The presentation includes the following sections:
1. Materialism
Usage (application): Corporate Sustainability, Consumerization
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Exceptional Speech by then 13 year-old Severn Suzuki at the UN, 2008 on Environmental and Social Responsibility
At the United Nations Conference on Environment and Development 2008, a 13 years old child, speaking for ECO, the Environmental Children's Organizatio...
Usage (application): Environmental Responsibility, Social Responsibility
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Triple Bottom Line Reporting
This presentation briefly elaborates on Trible Bottom Line accounting and reporting. The presentation includes the following sections:
1. What is...
Usage (application): Triple Bottom Line, Corporate Sustainability
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The Dawn of Conscious Capitalism
This presentation provides an introduction into the concept of conscious capitalism, and includes the following sections:
1. Introduction
2....
Usage (application): Conscious Capitalism, Value-driven Consumer, Socially Responsible Investing, Corporate Responsibility
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Strategy, Society and CSR
Presentation about the relationship between CSR and Competitive Advantage. It includes the following sections:
- Business and society are interde...
Usage (application): CSR Strategy, Competitive Advantage, Strategic Corporate Social Responsibility, Strategy and Society
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Fundamentals of Business Ethics
Presentation about business ethics, including an explanation of its relation with economics and the law. It also includes three important ethical mana...
Usage (application): Business Ethics, Corporate Ethics, Ethical Behavior, Corporate Responsibility, Stakeholder Management
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Introduction Into Welfarenomics
This presentation elaborates on the concept of welfarenomics. The presentation includes the following sections;
1. Contents
2. Welfarenomics...
Usage (application): Welfarenomics
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Paperless Workplaces: Reasons, Practices and Difficulties
This presentation elaborates on the creation of paperless workplaces in the digital age, and includes the following sections:
1. Brief history of...
Usage (application): Corporate Social Responsibility, Corporate Sustainability, Paperless Office
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News
Triple Bottom Line
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Videos
Triple Bottom Line
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Presentations
Triple Bottom Line
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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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Special Interest Group Leader
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