The Bottom Line- Monthly Accounting Advice for Better Business- July 2009
Brought to you by Capital Bookkeeping
The Triple Bottom Line
The Triple Bottom Line is a phrase first used 20 years ago by John Elkington, co-founder of a consultancy focused on sustainability. 3BL, also described as People, Planet, Profit, expands the traditional, purely financial concept of net income to include both social and environmental values. Instead of exclusively focusing on monetary profit, companies are increasingly considering the effect their operations have on labor, community, natural resources and the environment overall. A sustainable business operates where its business interests and the interests of the environment and society intersect, creating financial profit and economic growth as well as real solutions to the world’s environmental and social problems.
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