A Simple Explanation of the Triple Bottom Line | University of Wisconsin - tiple bottom line

Category

25 Years Ago I Coined the Phrase “Triple Bottom Line.” Here’s Why It’s Time to Rethink It. tiple bottom line


The triple bottom line is an accounting framework with three parts: social, environmental (or ecological) and financial. Some organizations have adopted the TBL.

The triple bottom line (TBL) is a framework or theory that recommends that companies commit to focus on social and environmental concerns.

John Elkington strove to measure sustainability during the mid-1990s by encompassing a new framework to measure performance in corporate America. This accounting framework, called the triple bottom line (TBL), went beyond the traditional measures of profits, return on investment.

Learn about the triple bottom line and why business success is no longer defined only by monetary gain--but also by the affect on people and planet.

With this in mind, I'm volunteering to carry out a management concept recall: with 2019 marking the 25th anniversary of the “triple bottom line,”.