What is triple bottom line reporting

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This accounting framework measures financial results, but also includes environmental and social factors to determine a business's ultimate value.Elkington's Triple Bottom Line model is an influential model that has helped share the corporate social responsibility agenda.Imagine going to work every day for a company that you are truly excited about, and proud to be a part of.It consists of three Ps: profit, people and planet.The triple bottom line or otherwise noted as TBL or 3BL is an accounting framework with three parts: social, environmental or ecological and financial.Get PDF of this article.

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Today, we continue to outstrip our planetary boundaries with no sign of slowing down.

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The Triple Bottom Line is one of the main systems being used by businesses to assess the profits they are making through their corporate sustainability solutions.The term triple bottom line TBL was coined by John Elkington — and colleagues at SustainAbility, a strategy consultancy firm, in The triple bottom line TBL is a framework or theory that recommends that companies commit to focus on social and environmental concerns just as they do on profits.

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