Triple bottom line reporting considers three key factors in evaluating a company's performance: social, environmental, and financial. It involves assessing how a company impacts people, planet, and profit, providing a more comprehensive view of its overall sustainability and responsibility to stakeholders. Triple bottom line reporting goes beyond traditional financial reporting to measure a company's success in terms of its impact on the world around it.
Triple bottom line reporting consists of identifying three key parts of a business to evaluate it's performance. The three sections are economical/financial, social/ethical, and environmental.
can you answer this question????????? to what does the term trple bottom line refer?
stockholders with an interest in socially responsible investing
by the Global Reporting Initiative, which delineates dimensions for measurement and reporting within each of the environmental, social, and economic domains.
The term expresses the broadening of accountability for business performance beyond the financial bottom line reported in traditional accounting documents.
customers who wish to purchase from companies they identify as having a social and environmental conscience.
employees with a desire to work for a company with exemplary performance in all three dimensions
The term implies the responsibility of businesses for social and environmental, as well as financial, outcomes that result from their operations.
Examples of companies using the TBL reporting measures include Anheuser-Busch Companies, Dow Chemical Company, Microsoft Corporation, and Weyerhaeuser Company.
For more information regarding the Global Reporting Initiative: http://www.globalreporting.org For more information regarding the Dow Jones Sustainability Indexes: http://www.sustainabilityindexes.com
What is the tripple bottom line that the king code refers to
the Dow Jones Sustainability Indexes and the FTSE4Good Index rate corporate performance on the TBL and accept to their lists only those firms with outstanding performance.