Difference between revisions of "Triple bottom line"
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| − | [[Triple bottom line]] is | + | [[Triple bottom line]] is the [[concept]] that [[performance]] of any [[business]] shall be evaluated in three domains: economic, environmental, and social. [[Sustainability report]]s are designed to communicate the ''business<nowiki>'</nowiki>'' performance on the the ''triple bottom line''. |
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==Definitions== | ==Definitions== | ||
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:[[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. | :[[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)]], | 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. | + | :'''[[Triple Bottom Line]]'''. The notion that firms must maintain and improve social and ecological performance in addition to economic performance. |
[[Category: Strategic Management]][[Category: Accounting]][[Category:Articles]] | [[Category: Strategic Management]][[Category: Accounting]][[Category:Articles]] | ||
Latest revision as of 21:38, 5 September 2020
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.
