A CCL Research White Paper Leadership and the Triple Bottom Line Bringing Sustainability and Corporate Social Responsibility to Life By: Laura Quinn Jessica Baltes C E N T E R F O R C R E AT I V E L E A D E R S H I P Leadership and the Triple Bottom Line CONTENTS Executive summary Highlights Background TBL awareness and importance TBL leadership skills and actions TBL outcomes and advantages Organizational strategy and the TBL Organizational culture and systems supporting or hindering
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TRIPLE BOTTOM LINE The triple bottom line refers to an extension of the criteria used to measure organisational success. Traditionally‚ business success (or failure) is measured in terms of its economic performance. A business is considered to be successful if it has generated a sufficient financial return from its investments‚ financing activities and operating activities. The triple bottom line takes into account three criteria for assessing organisational performance; 1. economic‚
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people started to question organisations ’ practices and their environmental‚ social and economic impacts. With this in mind‚ companies started to pay more attention to business sustainability in order to improve the company ’s reputation. The Triple Bottom Line (TBL) concept is a methodology that focuses on the 3 P ’s: People‚ Planet and Profit. It was first introduced by John Elkington in 1994 and has increasingly become a basis for business sustainability. Not only has the world ’s Green mentality
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ES_TBL_7/1 17/8/04 7:40 pm Page 1 Chapter 1 Enter the Triple Bottom Line John Elkington In 1994‚ the author coined the term triple bottom line. He reflects on what got him to that point‚ what has happened since – and where the agenda may now be headed. The late 1990s saw the term ‘triple bottom line’ take off. Based on the results of a survey of international experts in corporate social responsibility (CSR) and sustainable development (SD)‚ Figure 1.1 spotlights the growth trend
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Ecotourism and Sustainable Development: a Triple Bottom Line approach to business The concept of Triple Bottom Line (TBL)‚ as John Elkington coined it in 1995‚ refers to the idea that companies and organizations should extend their agenda beyond the goals of economic prosperity by taking a three-dimensional approach to business‚ adding social justice and environmental quality as new goals on their agenda towards ‘sustainable capitalism’. Encouraging concern about sustainability is‚ according to
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Triple Bottom Line Home Topic Index Archives About Top of Form Bottom of Form 89 years of economic insights for Indiana The IBR is a publication of the Indiana Business Research Center at IU’s Kelley School of Business Get PDF of this article 369 The Triple Bottom Line: What Is It and How Does It Work? Timothy F. Slaper‚ Ph.D. Director of Economic Analysis‚ Indiana Business Research Center‚ Indiana University Kelley School of Business Tanya J. Hall Economic Research
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Triple Bottom line. Corporate sustainability involves meeting the needs of today’s stakeholders in a manner that protects the environment and resources needed for future generation. It is directed at improving a company’s triple bottom line‚ which covers its performance on economic environment and social metrics. Economic. Barclays demonstrated significant success in delivering much better financial results between 2002 to 2005. They improved the cost-to-income ratio by right sizing the business
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weaknesses and create a way of solving both. The social problem Envirofit is attempting to solve is air pollution while increasing the income of the drivers through increased fuel mileage. Envirofit offer it’s investors a good reputation and a triple bottom line by giving them the chance to go beyond the traditional measures of profit but also include environmental and social dimensions. They would be more focused on profits‚ people‚ and the planet instead of just profits. 2. The Envirofit’s two stroke
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Triple Bottom Line Theory & Organization Profits Theory All corporations are concerned with how much revenues and expenses they are generating‚ which in turn determines their overall profits‚ also known as their bottom line. The bottom line is what is used to measure the profitability of a company. The Triple Bottom Line Theory not only measures a company ’s bottom line‚ but it also measures the company ’s overall impact on the surrounding environment. In fact‚ according to the article‚ Leading
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1. Introduction The notion of the triple bottom line has become fashionable to be applied to management‚ consultation and investment over the last few years. The trend towards greater transparency and accountability in public reporting is reflected in revealing a more comprehensive performance which includes not only financial factor but also social and environmental ones. Despite the trend‚ there are still some people in mainstream sectors are to make profit regardless of environmental and social
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