is a metric for a corporation's social, environmental, and economic performance. TBL is the latest series of buzz words to describe business involvement in sustainability. TBL is all about dropping the financial bottom line as a meaningful indicator of where you stand in the market place and replacing it with a bottom line that properly acknowledges the interplay of the social economic and environmental dimensions of our lives.
The urging of companies to be socially responsible, environmentally sound and economically sound. Gotta problem with that
describes the integration of economic, environmental and social aspects of an organisation. Often used in relation to an integrated reporting system for these aspects.
The term is used as a framework for measuring and reporting corporate performance against economic, social and environmental parameters, thus widening the scope of traditional corporate reporting.
Demonstrates how business moves toward sustainability by achieving three interlinked goals of economic prosperity, environmental protection and social equity.
is for companies aiming for sustainability, who have to perform to not just a single financial bottom line, but the simultaneous pursuit of economic prosperity, environmental quality and social equity - Profit, Planet & People.
As well as the traditional financial 'bottom line', the Triple Bottom Line approach also measures the social benefits and environmental impact of an enterprise.
The triple-bottom line is a term coined by John Elkington (1997), author and management consultant, which refers to the three prongs of social, environmental, and financial accountability. It is a term that is finding increasing and widespread international acceptance within the corporate community and one that is informing and transforming corporate reporting practices.
Coined by John Elkington, one of the world's leading experts on sustainability, the 'Triple Bottom Line' refers to the need for corporations to be accountable for their social and environmental as well as financial performance.
"At its broadest, the term is used to capture the whole set of values, issues and processes that companies must address in order to minimize any harm resulting from their activities and to create economic, social and environmental value. This involves being clear about the company's purpose and taking into consideration the needs of all the company's stakeholders - shareholders, customers, employees, business partners, governments, local communities and the public." ( www.Sustainability.com)
The triple bottom line is a term coined by the English management expert John Elkington. It described a system of corporate accounting that includes social and environmental impacts along with the financial accounting.
An expanded reporting format that combines economic, environmental, and social concerns.
People, Planet and Profit — the idea being that environmental quality and social equity are just as important as black ink at the bottom of the ledger.
The triple bottom line (TBL) focuses corporations not just on the economic value they add, but also on the environmental and social value they add or destroy. At its narrowest, the term "triple bottom line" is used as a framework for measuring and reporting corporate performance against economic, social and environmental parameters.
An expanded baseline for measuring organizational performance, adding social and environmental dimensions to the traditional financial "bottom line" results.
The triple bottom line, a.k.a. "3BL" or "People, Planet, Profit", captures an expanded spectrum of values and criteria for measuring organizational (and societal) success—economic, environmental and social. For some a commitment to Corporate Social Responsibility brings with it a need to institute triple bottom line reporting.