Triple bottom line Essays

Introduction Sustainability has been mentioned as a goal of businesses. During the mid 1990s John Elkington created the triple bottom line plan under the concept of sustainability. Sustainability can be defined in many ways, but the simplest way is “Ability to sustain” (Sustainability, 2010). The triple bottom line is an accounting framework, and there are three dimensions of sustainability among them people, planet and profit (3Ps). The concept of TBL is to measure the profitable, social and environmental

The Triple Bottom Line Concept The triple bottom line term was coined in the 1990s by business consultant John Elkington to describe economic, environmental, and social value of investment that may accrue outside a firm’s financial bottom line (Elkington, 2004). The TBL approach aims to more accurately value assets and lever- age resources, so that capital is employed as efficiently and effectively as possible. The concept is sometimes referred to as the 3Ps (people, planet, profit), triple value

reflected in generous benefits programs (i.e., ‘care days’), a relaxed corporate culture (unlike traditional command-and-control firms), and increased accommodations to leaves of absence. In addition to its commitment to employees, Vancity’s ‘triple bottom line’ emphasizes environmental and community commitments such as supporting initiatives that combat climate change.

concern about their business managements which can damage environment. Moreover, there was no environmental movement which help to protect our environment. Therefore, in the middle of the 1990s, John Elkington created a framework, which called the triple bottom line (TBL), in order to measure social, environmental and financial ability of companies over a prolonged duration of time (The Economist, 2009). The TBL comprises of three Ps which are people, planet and profits. These three Ps can be significant

which called triple bottom line reporting (Vivian 2012). Generating profit is the traditional goal of the business, with triple bottom line reporting, the business not only need to present the economic value of the company, but also the environmental and societal issues (Timothy and Hall 2011). In order to comply with the community expectation, the company should use the most relevant and common indicators, such as Global Reporting Initiative, to provide a good triple bottom line reporting to the

Environment has been destroyed to provide what people need. In the middle of 1990s, John Elkington has introduced the triple bottom line because he concerned about the sustainability. The triple bottom line attempts to solve many problems by focusing on three things which are people, planet, and profit. Companies have to measure that they do not damage to any of the triple bottom line in order to be succeeded in terms of businesses. Theses three things are connected. For example, in terms of planet

Triple Bottom Line Weight In a broader context, social, environmental, and economic demands are considered the three pillars of sustainability. Within the corporate world, they are sometimes referred to as the triple bottom line: Planet, People, Profits. (Wigmore, 2013) There are many benefits that a triple bottom line approach can provide to an organization when these three main characteristics form part of the company. Patagonia, Inc. is an American clothing company that sells outdoor clothing

maximization of profits expressed, "Focusing on the bottom line as the ultimate priority has had an impact on rising unemployment, social crises, environmental challenges, health impacts, to name a few " (para. 4). Different scholars have proposed several methods to integrate the needs for profits with corporate social responsibility; in this context, John Elkington developed a new approach to measure corporate sustainability denominated the Triple Bottom Line. The new method expands the original corporate

damages, attentions were drawn to corporations for ensuring their sustainabilities. John Elkington designed a framework called Triple Bottom Line(TBL) (cite), which allows employees or entrepreneurs to adopt it for evaluating their performances regarding three dimensions people, planet, and profit. Starbucks is one of successful corporations which uses the Triple Bottom Line. The underlying Starbucks’s policy is to "inspire and nurture the human spirit-- one person, one cup, and one neighborhood at

Introduction The triple bottom line is an accounting framework that focus on 3 factors that include social equity, economic feasibility and environmental sensitivity. It was created by John Elkington in 1994 and has become a basis for a sustainable business (Miller, 2015). A sustainable business is one that creates profit, benefits the community and protects the environment These three parts are used to analyze an organizations performance. Environmental For environmental sensitivity a corporation

It was so good to see you today Grandma and Grandpa. Before you leave, I want to talk to you about a topic we have been discussing in business school called the Triple bottom line, or three Ps. Have you ever heard of it? It is pretty interesting. It seems that businesses are finding out that by adopting a sustainable strategy, there is profit to be made in doing good. Companies are beginning to place a great deal of importance on taking care of the environment and its people, in addition to

objectives and vision to support the development of a sustainable competitive advantage as reflected by their “Cycle of Success”? In order to be sustainable companies should adopt the triple bottom line initiative, this will highlight the areas of impact; financial, social and environmental. A quick analysis of each line will highlights the aspects. Social Sustainability: having fair and beneficial labour practices and further to this can the company be measured in the impact of the business activities

he believes the company’s sustainability is. He relates his statement “That companies have a responsibility to contribute to society and the environment and that every investment that a company makes show return value to the business,” to the triple bottom line because it shows that he passionate about not only his company but also about the people, planet, and profit. UPS has established a what they call a five-step approach that will give them what they think is sustainability and balance. These

money that people used, but only profit cannot make company to be sustainable. Hence, every corporation should be concerned about the triple bottom lines which can lead company to be sustainable. The Triple Bottom line or TBL was created by the founder of British consultancy called sustainability, John Elkington since 1994 (economist, 2009). The triple bottom line is separately in three categories, including profit, planet, and people. Firstly, profit is an essential part of company to get good profit

Topic: Rugby General Purpose: To inform Specific Purpose: I want to inform my audience about the game of rugby. Central Idea Statement/Thesis: Three aspects of rugby that helps set it apart from other sports is a line-out, a maul, and a scrum. Introduction I. [Attention Getter] II. [Topic Justification] Rugby is a club sport at Idaho State University. A. Rugby and other club sports receive support from the Campus Recreation. 1. Campus Recreation receives funding directly from ISU student fees. a)

In the book Fences by August Wilson, the author chooses baseball to compare many of the struggles everyday people deal with in everyday society. August Wilson created some very relatable characters to portray the message of life and love Fences attempts to display. It is ultimately displayed in a quote by the main character Troy Maxson. Troy said “That’s all death is to me. A fastball on the outside corner” (10). In this quote, Troy even compares the end of life to a dangerous pitch that is hard

Field of Dreams is just that, a field that fulfills the dreams of the owner. Field of Dreams, directed by Phil Alden Robinson, is about a farmer from Iowa, Ray, who is out in his field of corn one night and hears a whispering voice call out to him. No one in his family is able to hear the voice, but him. At first he believes he is going crazy until he hears it repeatedly and signs were given to him on the task that needed to be completed. Ray, with the support of his family, decided to do exactly

The Awakening, by Kate Chopin, centers around the metaphysical turmoil churning within wife and mother Edna Pontellier as she manages two competing foci- first, the “outward existence which conforms,” and second, the “inward life which questions.” Transformation of Edna from a timid housewife who meekly goes about the daily business of keeping up appearances into a philandering independent may be entirely attributed to this clash, which upheaves the stable, yet unfulfilling foundations of her domestic

The Renaissance was a period of beautiful, enlightening artistic and scientific excavation. In the Renaissance, Marlowe introduced comic relief. He did that through his presentation of crude scenes in Dr. Faustus. The comic relief then came in the form of an interlude between two tragic sections. Of all the readings covered in class, this intersection of comedy and tragedy was striking, due to its paradoxical nature. An emphasis of the sadness resonated with me not of cheery fun. These literary

How can a person’s greatest love become their greatest sorrow? This question is displayed through the actions of two cousins, Arcite and Palamon, in Geoffrey Chaucer’s “The Knight’s Tale”. These two characters find what they believe to be their one true love, but they may lose each other in order to gain the hand of their beloved, Emily. They must battle against each other, and the champion will receive Emily’s hand in marriage. Both Arcite and Palamon pray to the gods, Mars, god of war, and Venus