Triple bottom line
Triple bottom line is the concept that performance of any business shall be evaluated in three domains: economic, environmental, and social. Sustainability reports are designed to communicate the business' performance on the the triple bottom line.
Definitions
According to Managerial Accounting by Braun, Tietz (5th edition),
- Triple bottom line. Evaluating a company's performance not only by its ability to generate economic profits, but also by its impact on people and on the planet.
According to the Strategic Management by Parnell (4th edition),
- Triple Bottom Line. The notion that firms must maintain and improve social and ecological performance in addition to economic performance.