![]() TBL offers tools that help an organization measure, benchmark, set goals, improve, and eventually evolve toward more sustainable systems and models.It is a transformation framework to help businesses and organizations move toward a regenerative and more sustainable future.John Elkington in his Harvard Business Review article ![]() It was supposed to provoke deeper thinking about capitalism and its future.” “The triple bottom line wasn’t designed to be just an accounting tool. To get an accurate perspective of their operations, beyond what is reflected in their profit and loss statements, organizations must fully account for all costs associated with doing business by going beyond compliance. As a result of the triple bottom line theory and application, some businesses began to recognize the connection among social well-being, environmental health, and an organization’s financial success and resilience. In 1994, author and entrepreneur, John Elkington, introduced the concept of the triple bottom line (TBL) with hopes of transforming the financial accounting-focused business system to a comprehensive approach that measures impact and success. Historically, businesses operated in service solely to their financial bottom line. ![]()
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