Tools & Resources
What is the "Triple Bottom Line"?
A phrase coined in 1994 by John Elkington and later used in his 1997 book "Cannibals With Forks: The Triple Bottom Line Of 21st Century Business" describing the separate financial, social and environmental "bottom lines" of companies. A triple bottom line measures the company's economic value, "people account" – which measures the company's degree of social responsibility and the company's "planet account" – which measures the company's environmental responsibility. Elkington argued that companies should prepare three bottom lines – the triple bottom line – instead of focusing solely on its finances, thereby giving consideration to the company's social, economic and environmental impact.
Also called "TBL," "3BL," "People, Planet, Profit" and "The Three Pillars."
Read more: http://www.investopedia.com/terms/t/triple-bottom-line.asp#ixzz2EMZCB2OI