Multiple bottom line

While that would have the benefit of having a common unit—dollars—many object to putting a dollar value on wetlands or endangered species on strictly philosophical grounds. If you are able to hit big on a project and get triple bottom line your boss may reward you with a hefty bonus. Are you making money? Take a chance on me: This article reviews the TBL concept, explains how it can be useful for businesses, policy-makers and economic development practitioners and highlights some current examples of putting the TBL into practice. Environment portal Category Commons Organizations.

All Rights Reserved Terms Of Use Privacy Policy. Many organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value. This pattern is considered to be a very reliable indication that the downtrend has reversed and that the new trend is in the upward direction. Adding the "people" element of social responsibility to corporate bottom lines shifts the focus to the fair treatment of employees and off-site labor, as well as enacting favorable practices in the communities where companies conduct business. Following the initial publication of the triple bottom line concept, students and practitioners have sought greater detail in how the pillars can be evaluated. Work With Investopedia About Us Advertise With Us Write For Us Contact Us Careers. Our tools make it easy to organize people into groups, each of whom has a separate area for its dialog, information sharing, and decision making.

Unsourced material may be challenged and removed. For example, if a corporation shows a monetary profit, but their asbestos mine causes thousands of deaths from asbestosis , and their copper mine pollutes a river, and the government ends up spending taxpayer money on health care and river clean-up, how do we perform a full societal cost benefit analysis? Also in this Issue… From the Editor Embracing Entrepreneurship. Commission of the European Communities, "Communication from the Commission on Impact Assessment," May 6, , http: The fourth pillar denotes a future-oriented approach future generations, intergenerational equity, etc.