Search results
Results from the WOW.Com Content Network
The Triple Bottom Line: How Today's Best-Run Companies Are Achieving Economic, Social and Environmental Success—and How You Can Too by Andrew W. Savitz and Karl Weber; The Sustainability Advantage: Seven Business Case Benefits of a Triple Bottom Line (Conscientious Commerce) by Bob Willard, New Society Publishers ISBN 978-0-86571-451-9
Triple bottom line (TBL or 3BL) is an accounting framework widely adopted by large organizations since its introduction in 1994 by John Elkington. [9] Organizations can use it to evaluate their performance in a broader perspective to create greater business value [10] or to make decisions on where to allocate resources for the highest organizational return for all key stakeholders.
Environmental full-cost accounting (EFCA) is a method of cost accounting that traces direct costs and allocates indirect costs [1] by collecting and presenting information about the possible environmental costs and benefits or advantages – in short, about the "triple bottom line" – for each proposed alternative.
He coined the phrase the "triple bottom line", referring to the financial, environmental, and social factors included in the new calculation. [12] [13] At the same time, the strict division between the environmental sector and the financial sector began to break down.
Most conscious businesses subscribe to a Triple Bottom Line model of success. They aim to provide positive value in the domains of people, planet, and profit . [ 5 ] The phrase "Triple Bottom Line" was coined by business writer John Elkington in 1994.
Most of the rules that are applied in the formation of the triple top can be reversed in the formation of triple bottom. As far as volume is concerned, the third low bottom should be on low volume and the rally up from that bottom should show a marked increase in activity. The formation of Triple bottom occurs during the period of accumulation.
Triple top line (abbreviated as TTL or 3TL) is first mentioned by McDonough and Braungart (2002). [1] The triple bottom line, an accounting framework coined by John Elkington in 1994, [2] focuses on aligning sustainability and the intentions of a business when it comes to profit, whereas triple top line is a focus to align sustainability and business profitability from the inception of a ...
In addition to the above-mentioned triple bottom line's people, planet, and profit, there is a fourth component, purpose. [6] The term was allegedly first coined and introduced into mainstream usage by Ayman Sawaf (2014) in a bid to factor in the return to one's spiritual self as an additional, fourth bottom line. Spirituality, according to ...