Triple bottom line
Triple bottom line (or otherwise noted as TBL or 3BL) is an accounting framework with three parts: social, environmental (or ecological) and financial. Many organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value. The term was coined by John Elkington in 1994.
In traditional business accounting and common usage, the "bottom line" refers to either the "profit" or "loss", which is usually recorded at the very bottom line on a statement of revenue and expenses. Over the last 50 years, environmentalists and "social justice" advocates have struggled to bring a broader definition of bottom line into public consciousness by introducing full cost accounting. For example, if a corporation shows a monetary profit, but their asbestos mine causes thousands of deaths from asbestosis, and their copper mine pollutes a river, and the government ends up spending taxpayer money on health care and river clean-up, how do we perform a full societal cost benefit analysis? The triple bottom line adds two more "bottom lines”: social and environmental (ecological) concerns. With the ratification of the United Nations and ICLEI TBL standard for urban and community accounting in early 2007, this became the dominant approach to public sector full cost accounting. Similar UN standards apply to natural capital and human capital measurement to assist in measurements required by TBL, e.g. the EcoBudget standard for reporting ecological footprint. The TBL seems to be fairly widespread in South African media, as found in a 1990-2008 study of worldwide national newspapers.
Podcasts:
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Play
-
by Playa
-
by Playa
-
by Playa
-
by Playa
-
by Playa
-
by Playa
-
by Playa
-
by Playa
-
by Playa
-
by Playa
-
by Playa
-
by Playa
-
by Playa
-
by Playa
-
by Peel
-
by Peel
-
by Peel
-
by Peel
-
by Peel
-
by Peel
-
by Peel
-
by Peel
-
by Peel
-
by Peel
-
by Peel
-
by Peel
-
by Peel
Watch Me Now
by: PlayDon't you cry, don't you look so sad
We both knew somehow this day would come
I know you want what is best for me
And I need to see you smile
From where I started off to where I am
It's a million miles, I can't go back there again
But no matter where I go from here
You will be part of me from now on
For every door that opens up
When another has to close
You got to trust me now
Be strong and let me go
Watch me now as I go my way
The time has come
And I gotta say I'm not afraid
Watch me now, every step I take
I feel stronger, so much stronger
The road ahead is a mystery
Your love is here
Oh and I believe inside of me
Watch me now, I can stand my ground
I will be alright, yes I'll be alright
You were someone who believed in me
When I wasn't even sure of myself
And I always will remember how
You were always there to help
And I heard so many things from you
And I'm ready now to try them out in the world
Though it hurts too much to say goodbye
We both know (We both know)
There's no other way
I will feel your loving arms
When I'm out there in the cold
'Cause all of my thoughts of you
Will still be mine to hold
Watch me now as I go my way
The time has come
And I gotta say I'm not afraid
Watch me now, every step I take
I feel stronger, so much stronger
The road ahead is a mystery
Your love is here
Oh and I believe inside of me
Watch me now, I can stand my ground
I will be alright, yes I'll be alright
You will find me running back sometime
When I really need a guiding hand
We'll be closer than we were before
And I know that you will understand
I know you'll understand
Watch me now as I go my way
The time has come
And I gotta say I'm not afraid
Watch me now, every step I take
I feel stronger, so much stronger
The road ahead is a mystery
Your love is here
Oh and I believe inside of me
Watch me now, I can stand my ground
I will be alright, yes I'll be alright
Latest News for: 3bl
- 1