You may have heard the term "triple bottom line". The phrase was first used in 1989 by John Elkington, co-founder of a consultancy focused on sustainability.
So what does it mean?
Sometimes referred to as "TBL", "3BL; triple bottom line simply stands for
Sounds warm and fuzzy doesn't it! But it's actually a serious and increasingly recognized concept. Triple Bottom Line reporting is becoming an accepted way for businesses to demonstrate they have strategies for sustainable growth.
The triple bottom line is a form of reporting that takes into account the impact your business has in terms of social and environmental values along with financial returns.
Whereas traditional models were all about profit, profit and more profit; triple bottom line accounting recognizes that without happy, healthy people to staff a business and the natural environment able to sustain those people and supply resources for trade; business is, well, simply unsustainable in the long run.
More info in Wiki - http://en.wikipedia.org/wiki/Triple_bottom_line
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