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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In the forum section you will find recent discussions within this knowledge area.
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In the best practices section you will find the best forum discussions within this knowledge area.
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In the expert tips section you will find advices from experts within this knowledge area.
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How to Incorporate Sustainability into the Balanced Scorecard?
Sustainability Balanced Scorecard, SBSC, Triple Bottom Line...
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Reasons Why People are Doing Voluntary Work
Expectancy Theory, Corporate Social Responsibility, Stakeholder Perspective, Volunteers...
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In the Resources section you will find powerpoint presentations, micro-learning videos, articles, news items, etc. within this knowledge area.
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Creating Triple Bottom Line Awareness: An Introduction
Triple Bottom Line, Corporate Sustainability...
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Materialism. Causes, Consequences and Remedies
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
Environmental Responsibility, Social Responsibility...
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Triple Bottom Line Reporting
Triple Bottom Line, Corporate Sustainability...
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The Dawn of Conscious Capitalism
Conscious Capitalism, Value-driven Consumer, Socially Responsible Investing, Corporate Responsibility...
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Strategy, Society and CSR
CSR Strategy, Competitive Advantage, Strategic Corporate Social Responsibility, Strategy and Society...
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Fundamentals of Business Ethics
Business Ethics, Corporate Ethics, Ethical Behavior, Corporate Responsibility, Stakeholder Management...
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Introduction Into Welfarenomics
Welfarenomics...
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Paperless Workplaces: Reasons, Practices and Difficulties
Corporate Social Responsibility, Corporate Sustainability, Paperless Office...
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News about Triple Bottom Line
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Videos about Triple Bottom Line
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Presentations about Triple Bottom Line
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Books about Triple Bottom Line
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More about 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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