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• Triple bottom line
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Sustainable procurement - Exogenous considerations: the “triple bottom line”
1 Sustainable procurement broadens this framework to take account of
third-party consequences of procurement decisions, forming a
“Triple bottom line|triple baseline” of external concerns which the
procuring organisation must fulfil.
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line
1 The concept of a 'triple bottom line' (abbreviated as 'TBL' or '3BL') adds two more bottom lines; social and
environmental concerns
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line
1 An example of an organization seeking a triple bottom line would be
a social enterprise run as a non-profit, but earning income by offering opportunities for handicapped people
who have been labelled unemployable, to earn a living
recycling
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Definition
1 In 1981 Freer Spreckley first articulated the triple bottom line in a publication called
'Social Audit - A Management Tool for Co-operative Working'.Freer Spreckley 1981
[http://www.locallivelihoods.com/cmsms/uploads/PDFs/Social%20Audit%20-%20A
%20Management%20Tool.pdf Social Audit - A Management Tool for Co-operative Working]
In this work, he argued that enterprises should measure and report on social,
environmental and financial performance.
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Definition
1 The phrase was coined by John Elkington in his 1997 book Cannibals with Forks: the Triple
Bottom Line of 21st Century Business.Brown, D., J. Dillard and R.S. Marshall. (2006)
[http://www.recercat.net/bitstream/2072/2223/1/UABDT06-2.pdf Triple Bottom Line: A business metaphor for a social construct.] Portland State University, School of Business Administration.
Retrieved on: 2007-07-18. Sustainable Development, was most famously defined by
the Brundtland Commission of the United Nations in 1987.
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Definition
1 1998 also marked the foundation of the Triple Bottom Line Investing group by Robert J. Rubinstein, a
group advocating and publicizing these principles.
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Definition
1 A growing number of financial institutions incorporate a triple
bottom line approach in their work. It is at the core of the business of banks in the Global Alliance for Banking on Values, for example.
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Bottom lines
1 The triple bottom line is made up of social equity, economic, and environmental factors.
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Bottom lines
1 People, planet and profit succinctly describes the triple bottom lines and the goal of sustainability. The phrase, people,
planet, profit, was coined by John Elkington in 1995 while at SustainAbility, and was later adopted as the title of the
Anglo-Dutch oil company Shell's first sustainability report in 1997. As a result, one country in which the 3P concept took
deep root was The Netherlands.
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Bottom lines
1 A triple bottom line enterprise seeks to benefit many constituencies, not
exploit or endanger any group of them
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Bottom lines
1 A triple bottom line company does not produce harmful or destructive products such as weapons, toxic chemicals or batteries containing
dangerous heavy metals, for example.
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Supporting arguments
1 Advocacy for triple bottom line reforms is common in Green Parties. Some of the measures undertaken in the European Union towards the Euro currency integration standardize the
reporting of ecological and social losses in such a way as to seem to endorse in principle the notion of
unified accounts, or unit of account, for these deficits.
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Criticism
1 While many people agree with the importance of good social conditions and preservation of the environment,
there are also many who disagree with the triple bottom line as the way
to enhance these conditions. The main arguments against it are
summarised below.
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Criticism
1 *Reductive method: In the triple bottom line, a corporate-oriented
approach, the social—that is, the way in which humans live and relate to
each other and the environment—is secondary
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Criticism
1 Thus the triple bottom line is thought to be harmful by diverting business
attention away from its core competency
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Criticism
1 Support for the concept of the triple bottom line itself is said to be an
example of the choices available to the citizens of a society made
wealthy by businesses attending to business
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Criticism
1 *Libertarianism|Libertarian: As it is possible for a socially responsible
person to sincerely believe that the triple bottom line is harmful to
society, the libertarian view is that it would be arrogant to force them to
support a mechanism for the improvement of society that may, or
may not, be the best available
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Criticism
1 The concept of a triple bottom line, while initially attractive, seems to ignore the reality that if one is not
adding value to society it is subtracting value. So creating a third
bottom line for the environment often can lead organizations to fragment the societal (or Mega) bottom line. (Kaufman, 2011,
Bernardez, 2005)https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Legislation
1 Legislation permitting corporations to adopt a triple bottom line is under consideration in some jurisdictions, including Minnesota and Oregon.
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Legislation
1 Some businesses have voluntarily adopted a triple bottom line as part of their articles of incorporation or bylaws, and some have advocated
for state laws creating a Sustainable Corporation that would grant triple
bottom line businesses benefits such as tax breaks.
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Triple bottom line - Legislation
1 The triple bottom line was adopted as a part of the State Sustainability
Strategy,[http://web.archive.org/web/20070830000447/http://www.sustain
ability.dpc.wa.gov.au/docs/Final%20Strategy/SSSFinal.pdf
Government of Western Australia
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Corporate social responsibility - Triple bottom line
1 People planet profit, also known as the triple bottom line, are words that
should be used and practiced in every move an organization makes.
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Corporate social responsibility - Triple bottom line
1 Planet refers to sustainable environmental practices. A triple bottom line company does not produce harmful or destructive
products such as weapons, toxic chemicals or batteries containing
dangerous heavy metals for example.
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Corporate social responsibility - Triple bottom line
1 Despite the fact that adopting this triple measure has helped some companies be more conscious of
their socialhttp://www.investopedia.com/te
rms/s/socialresponsibility.asp and moral
responsibilities,http://plato.stanford.edu/entries/moral-responsibility/ the
triple bottom line has its criticshttps://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Community supported fishery - Triple bottom line
1 Community-supported fishery programs operate on a triple bottom line, which
incorporates environmental stewardship, economic stability, and social
improvements as goals of their business. The success of each aspect is intricately tied to the success of other two, creating
a balance that benefits the fishermen, the consumers, and the health of the
environment.
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
Corporate responsibility - Triple bottom line
1 People, planet and profit, also known as the triple bottom line form one way to evaluate
CSR.
https://store.theartofservice.com/the-triple-bottom-line-toolkit.html
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