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  

Discussions about Triple Bottom Line.


Hot 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 Reportin (...)
 
 
 
 
  TBL Reporting Methodology
To a certain extent, quantification brings in accountability. What is the methodology to account for "People & Planet" (...)
 
 
 
 
  Examples of Triple Bottom Line Reporting
Is there any known company that reports its TBL performance? To a certain extent, quantification brings in accountabili (...)
 
 
 
 
  Tripple Bottom Line is Needed
This is what the modern day companies should follow within the fierce competition to survive. (...)
 
 
 
 

Best Practices - Triple Bottom Line

Here you find the most valuable discussions from the past.



Expert Tips - Triple Bottom Line

Here you will find advices by experts.


 

4 Levers to Pursue a Dual Corporate Purpose

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How to Incorporate Sustainability into the Balanced Scorecard?

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Reasons Why People are Doing Voluntary Work

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Resources - Triple Bottom Line

Here you find powerpoint presentations, micro-learning videos and further information sources.


Creating Triple Bottom Line Awareness: An Introduction

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Materialism. Causes, Consequences and Remedies

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

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Triple Bottom Line Reporting

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The Dawn of Conscious Capitalism

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Strategy, Society and CSR

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Fundamentals of Business Ethics

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Introduction Into Welfarenomics

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Paperless Workplaces: Reasons, Practices and Difficulties

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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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