Asked by allison brockington on Jun 01, 2024
Verified
What is the triple bottom line? What does it measure?
Triple Bottom Line
A sustainability-based accounting framework that evaluates a company's performance in terms of its environmental, social, and financial impacts.
- Explain the concept of the triple bottom line and its evaluation metrics.
Verified Answer
ZK
Zybrea KnightJun 04, 2024
Final Answer :
The triple bottom line consists of three Ps: profit, people and planet. It aims to measure the financial, social and environmental performance of the corporation over a period of time.
The triple bottom line suggests that firms should be focusing on three interdependent measures of success.
One is the traditional measure of corporate profit; the second is a measure of a firm's employees and a firm's responsibility throughout the organization. The third pertains to how environmentally responsible a firm has been.
The triple bottom line suggests that firms should be focusing on three interdependent measures of success.
One is the traditional measure of corporate profit; the second is a measure of a firm's employees and a firm's responsibility throughout the organization. The third pertains to how environmentally responsible a firm has been.
Learning Objectives
- Explain the concept of the triple bottom line and its evaluation metrics.
Related questions
Which of the Following Is Not an Eco-Efficiency Measure ...
The Triple Bottom Line Approach to Sustainability Includes All of ...
The Triple Bottom Line Measures ...
According to the Text,firms That Integrate Social and Environmental Goals ...
The Triple Bottom Line for Assessing Organizational Performance Evaluates How ...