Multiple bottom line

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Other key factors to report on, depending on the organization, might include job creation, employee turnoverfossil fuel consumption, hazardous waste management, percentage of women and minorities employed overall and in management positions, contributions to charityhow employee income and benefits compare with a living wage, and number of employees taking advantage of workplace benefits for pursuing higher education. A case or project specific TBL would measure the effects of a particular project in a specific location, such as a community building a park. And the call for corporations and other organizations to be responsible and transparent is growing louder. These ecological issues cannot be resolved without addressing the intergenerational deficit we are creating and the gap that today exists between the world's wealthiest 2 billion inhabitants and its poorest 2 billion. 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.

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The Triple Bottom Line concept developed by John Elkington has changed the way businesses, nonprofits and governments measure sustainability and the performance of projects or policies.

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The Triple Bottom Line: What Is It and How Does It Work?

Arguments that it costs more to be environmentally sound are often specious when the course of the business is analyzed over a period of time. Is it good enough to pay workers in Bangladesh three times the average local wage if that wage still sounds horrifyingly low to consumers in the United States? Consumers and potential recruits have many more choices than they had in the past, and are more aware of the ethical and environmental stance of large companies. In a tangible sense, the product is a spider diagram that depicts the consistency of the venture with kaupapa values: As it is, people in developed nations can be said to benefit 15 times more from ecological devastation than in developing nations, in pure financial terms. While many people agree with the importance of good social conditions and preservation of the environment, there are also many who disagree with the triple bottom line as the way to enhance these conditions.

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