Difference between revisions of "Triple bottom line"
(→Definitions) |
|||
| Line 1: | Line 1: | ||
| − | [[Triple bottom line]] is the [[concept]] that [[business]] | + | [[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''. |
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.
