How Do You Report The Triple Bottom Line?
The most challenging argument for green activist is one of quality; that is, people argue that sustainable products are inferior to their non-sustainable cousins, i.e. a sexy sports car compared to a hunchback hybrid. Critics of sustainability also like to argue that sustainable products cost more. The triple bottom line is a measure of the effect of sustainability on a company’s bottom line. While there is no set calculation for determining the 3BL, it is being used as a way to show a commitment to sustainability and social responsibility. Review the terminology. The triple bottom line, also referred to as TBL or 3BL, is a form of reporting that measures your business’ impact on social and environmental issues. It provides firms with another number to be held accountable to on a quarterly basis other than pure profit. Determine a calculation. There is no standard way to calculate the TBL. Each company must come up with its own scoring system. The basic approach is to analyze the effec
