Triple Bottom Line - Essay Example

Comments (1) Cite this document
The traditional business accounting frameworks define a bottom line as the figure of net profit or loss recorded at the end of a statement of an organisation’s financial activities in terms of expenditure and revenue. Over the years, advocates of social justice as well as…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.2% of users find it useful
Triple Bottom Line
Read TextPreview

Extract of sample "Triple Bottom Line"

Download file to see previous pages The triple bottom line abbreviated (TBL) is a framework of accounting that utilizing the three dimensions performance module: financial, environmental and social spheres. This negates from traditional frameworks of business reporting through the incorporation of environmental and social parameters. These parameters utilisation as measurement means have difficulties that hinder their appropriate assigning in various fields. John Elkington who coined the term in 1994, endeavoured to measure sustainability in the mid 20th century through encompassing of a new measure to evaluating performances in corporate America (Elkington 1994, p. 92).
This framework, known as the triple bottom line (TBL), involved going beyond traditional profits measuring strategies, as well as investment returns and shareholder value allowing for the inclusion of social dimensions and environmental (Elkington 1994, p. 93). Through putting emphasis on focus on comprehensive investment results, triple bottom line serves as an important support tool for goal sustainability maintenance. Triple bottom line Interest has seen growth especially in accounting in the lines of non-profit and profit oriented organisations as well as government sectors. Many firms including non-profits have incorporated TBL sustainability frameworks in performance evaluation. Similarly federal, local and state levels of governments have also adopted the modules in the management of currencies and such like activities. This paper seeks to analyse the concept of TBL while highlighting the practicability of the same in the business context on a global level through the utilisation of the diverse literature currently available on the issue.
The dimension of the TBL commonly labelled the three Ps: profits, planet and people have proven to be a vital part of business integration since their formulation by John Elkington. Even before this pioneer started the idea of TBL concept for the manipulation ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Triple Bottom Line Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
Triple Bottom Line Essay Example | Topics and Well Written Essays - 3000 words. Retrieved from
(Triple Bottom Line Essay Example | Topics and Well Written Essays - 3000 Words)
Triple Bottom Line Essay Example | Topics and Well Written Essays - 3000 Words.
“Triple Bottom Line Essay Example | Topics and Well Written Essays - 3000 Words”, n.d.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
aufderhargreg added comment 4 months ago
Student rated this paper as
The topic of "Triple Bottom Line" is quite popular among the tasks in university. Still, this document opens a brand new perspective of seeing the question. I’ll use the idea for my own paper.


Implication Of The Use Of The Triple Bottom Line Approach In The Events Industry

...?Implication of the use of the Triple Bottom Line Approach in the Events Industry The Triple Bottom Line Approach All over the world, businesses are judged based on how well they are doing in terms of the profits and revenue they are able to generate for themselves and their stakeholders. In due course of time, it was pointed out that just judging an organization based on the profits made was not enough. An organization needed to put some effort into keeping the people associated with it happy and also needed to give back to the planet. This would be the proper judge of an organization’s success. This led to the formation of the Triple Bottom Line Approach. The Triple Bottom Line Approach is also known as the ‘people-planet-profit... in...
8 Pages(2000 words)Essay

The Implications of the Use of the Triple Bottom Line Approach

...The Implications of the Use of the Triple Bottom Line Approach Table of Contents Key concept of Triple Bottom Line approach 2 Advantages of TBL approach 4 Limitation of TBL approach 5 Application of Triple Bottom Line in event industry 5 Case study of Edinburgh Festival 7 Area need to be improved 8 Reference 10 Bibliography 12 Introduction In the contemporary business environment, companies should not just focus on financial benefit and growth in the profit margins. Though the main aim of a business should be maximisation of investor’s wealth, but solely relying on this aspect cannot help to gain sustainable growth in the long term. Therefore, companies should take into account both social and environmental issues along... with the...
10 Pages(2500 words)Essay

An Appraisal of the Triple Bottom Line Approach: Case Analysis of the Glastonbury Festival

...?AN APPRAISAL OF THE TRIPLE BOTTOM LINE APPROACH: CASE ANALYSIS OF THE GLASTONBURY FESTIVAL Executive Summary For a business, an organization, an event or an activity to continue its existence, a variety of factors should be taken into consideration by the organizers or by the management. One of the prominent schemes that most companies and evaluating organizations employ is the Triple Bottom Line Approach or the TBL Approach. This approach utilizes three eminent aspects namely, the social, environmental and economic elements. The Triple Bottom Line or TBL Approach endeavors to achieve...
8 Pages(2000 words)Essay

Triple Bottom Line Approach

...? The implications of the use of the Triple Bottom Line approach in the events industry: A case study of Pamplola Bull-running Fiesta Contents The implications of the use of the Triple Bottom Line approach in the events industry: A case study of Pamplola Bull-running Fiesta 1 1 Contents 2 Introduction 3 The Event 4 Stakeholders 6 Impact of event 7 Link between stakeholders and impacts 9 Conclusion 10 Reference 12 Introduction The 21st century challenges the businesses to fundamentally change the way the businesses operates. With upcoming issues such as depletion of the natural resources, climate changes and also energy crises have hit the organisation and have demanded that attention should be paid to various aspect of a business... and...
10 Pages(2500 words)Essay

Triple bottom line (TBL)

...?Triple bottom line (TBL) XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX Table of contents 1. Introduction 2. Organization profile 3. Investigation methods 3.1.1. Method for literature review (part 1) 3.1.2. Method for the fieldwork (part 2) 3.1.3. Method for delivering part 3 4. Discussion findings 5. Literature review (part 1) 6. Chosen company CSR activities (part 2) 7. Evaluation of Relevance of CSR for company (part 3) 8. Conclusions 9. References 10. Appendix Introduction Triple bottom line and corporate social responsibility go hand in hand. Over the years, corporate social responsibility has...
6 Pages(1500 words)Essay

Critically assess the sustainability policy of a leisure/events business and create linkages to the Triple-Bottom-Line theory

...Line Approach ‘Organise This Limited’ strictly believes in the synchronization of individuals’ globe and earnings. The company continually struggle to motivate as well as sanction the talent to incorporate values of Corporate Social Responsibility in their everyday work for clientele. It is company’s vision that by 2013, it will apply triple bottom line reporting for every clientele plan as well as for business’s reporting. The triple bottom line plan is intended to resonate with business intelligence and facilitates the company in understanding the effects of its business activity with respect to economic, social and...
10 Pages(2500 words)Essay

The Triple Bottom Line

...THE TRIPLE BOTTOM LINE Lecturer: THE TRIPLE BOTTOM LINE The core essence of the triple bottom line (TBL) is to measure an organization’s overall performance by incorporating financial health, environmental sustainability, and furtherance of social justice (Shrivastava & Berger, 2010). From this definition alone, it is possible to notice that any organization that implements TBL would be one that focuses on overall growth rather than looking only at financial profitability. This was the exact way in which the implementation of TBL in my previous organization would have affected...
2 Pages(500 words)Assignment

Ethical Decision Making: Balanced Scorecard & Triple Bottom Line

...Ethical Decision Making: Balanced Scorecard & Triple Bottom Line Introduction The nature of ethics in the corporate world is that it is a system through which an organization or entity can take responsibility of its actions and also differentiate between good and bad conduct. Ethics, by its nature, encompasses the moral views of the society as well as the legal elements of the society. Instituting the ethical framework is a major aspect of management and directorship. However, there is the need to measure and report on ethics in an organization. The purpose of this paper is to examine the Balanced Scorecard and the Triple Bottom Line as measures of evaluating and assessing ethics Balanced Scorecard The Balanced Scorecard (BSC... measures...
4 Pages(1000 words)Essay

Triple Bottom Line

...TRIPLE BOTTOM LINE Affiliation: Triple Bottom Line Triple bottom line is an accounting framework with three major components of performance that include social, environmental and financial (Slaper and Hall 2011). These components also assume three divisions that include people, planet, and profit. In an organization, these components are crucial for the sustainability of the organization. The components have a linkage, and an organization has to consider them for their business to thrive (Savitz and Weber 2012). The people component involves the benefits people or the community near the...
1 Pages(250 words)Assignment

The Triple Bottom Line

...The Triple Bottom Line: What Is It and How Does It Work? Introduction The article, ‘The Triple Bottom Line: What Is It and How Does It Work?’ written by Timothy F. Slaper and Tanya J. Hall highlights the importance of sustainable development. The authors argue that while sustainability has often been cited as one of the primary goals for organizations, measuring it still remains a challenge. The authors draw the attention of the reader toward the ‘Triple Bottom Line’ (TBL) approach, also referred to as the 3Ps approach, put forth by John Elkington in the mid-1990s. The paper is a rich...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Triple Bottom Line for FREE!

Contact Us