Accounting for the Triple Bottom Line

Elkington, John

doi:10.1108/eb025539

Cited by 1,034 publications

(1,126 citation statements)

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“…Now, it was argued that companies should focus on three different bottom lines and not just on one or two of these issues. The three bottom lines are profit (economic), people (social) and planet (environment) (Elkington, 2004;Buhr, 2007;Crane, Matten, 2010). Toward the end of the 1990s and early 2000s the introduction of the triple bottom line in business became apparent in corporate reporting, as companies began to include all three dimensions in their reports.…”

Section: International Trends In Corporate Reportingmentioning

confidence: 99%

“…The adoption of sustainability reporting is viewed as one of the successful initiatives that business can apply in an effort to strive towards sustainable development. Nevertheless, sustainability reports often suffer weaknesses as they appear disconnected from the organisation's financial reports and fail to make a link between sustainability issues and the organisation's core strategy (Gray, Milne, 2002;Elkington, 2004;Sonnenberg, Hamman, 2006;Bebbington et al, 2007;Buhr, 2007;Larrinaga-Gonzalez, 2007;Milne, Gray, 2007Jeyaretnam, Niblock-Siddle, 2010;IRCSA, 2011;Lozano, Huisingh, 2011;Turk et al, 2013). Recognising the shortcomings of existing reporting models, and driven by an urgent need to find more effective reporting solutions, international attention has begun to focus on what is termed integrated reporting (IRCSA, 2011).…”

Section: Introductionmentioning

confidence: 99%

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Integrated reporting vs. sustainability reporting for corporate responsibility in South Africa

Clayton

Rogerson

Rampedi

2015

Bulletin of Geography. Socio-Economic Series

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Large corporates have come under increasing pressure to conduct their business in a more transparent and responsible manner. In order for business to fulfil its obligations under the ethic of accountability stakeholders must be given relevant, timely, and understandable information about their activities through corporate reports. The conventional company reports on annual financial performance, sustainability and governance disclosures often fail to make the connection between the organisation’s strategy, its financial results and performance on environmental, social and governance issues. Recognising the inherent shortcomings of existing reporting models, there is a growing trend to move towards integrated reporting. South Africa has been one of the most innovative countries in terms of integrated corporate reporting. Since 2010 companies primarily listed on the country’s major stock exchange have been required to produce an integrated report as opposed to the former sustainability report. The aim in this study is to review the development of integrated reporting by large corporates in South Africa and assess the impact of the required transition from sustainability reporting to integrated reporting on non-financial disclosure of eight South African corporates using content analysis of annual reports.

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Section: International Trends In Corporate Reportingmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Integrated reporting vs. sustainability reporting for corporate responsibility in South Africa

Clayton

Rogerson

Rampedi

2015

Bulletin of Geography. Socio-Economic Series

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“…Development was about intra-generational justice -taking action to relieve the global injustices that prevail between those with abundant resources and those fighting for survival. TBL concept was evolved by Elkington in 1994 to expand the environmentalist agenda of those working towards sustainability so that it more explicitly incorporates a social dimension (Elkington, 2004). He used the phrase as the basis for his book Cannibals with Forks (Elkington, 1998), where he explained that TBL refers to the three bottom lines of "economic prosperity, environmental quality, and social justice" (ibid., p. ix).…”

Section: Evolution Of Triple Bottom Line Reportingmentioning

confidence: 99%

Corporate Triple Bottom Line Reporting: An Empirical Study on the Indian Listed Power Companies

Roy

Mitra

2015

SDMIMD

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Triple Bottom Line (TBL) approach is a proactive step in providing increased transparency and a broader framework for decision making. In this paper, we have considered listed companies of Bombay Stock Exchange (BSE) comprising BSE 500 index as our population. Considering time and resource constraints, it was decided to restrict the survey to only power generating companies (15 units) among those 500 companies. Annual reports/corporate social responsibility/sustainability reports for these 15 numbers of listed power companies were reviewed. For measuring the extent of corporate triple bottom line reporting in annual reports/corporate social responsibility reports/sustainability reports of the companies, we have constructed a weighted disclosure index based on the previous empirical studies. The study evaluated the combined corporate triple bottom line disclosure score value of the sample companies based on performance with respect to 3 primary indicators - environment, social and economic. The maximum score of corporate triple bottom line disclosure is high enough i.e. 77.3% and the minimum score of corporate triple bottom line disclosure is very low i.e. 22.6%. None of the sample power companies has attained more than 80% corporate triple bottom line disclosure score; on the contrary 40% companies have attained less than 40% corporate triple bottom line disclosure score.

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“…The phrases sustainability, corporate social responsibility, corporate social performance, going green and the "triple bottom line" (Elkington, 1998) all refer to organizations enhancing their long-term economic, social and environmental performance. There is an everexpanding volume of literature underscoring the importance of sustainability to organizations and its positive impact on performance.…”

Section: Introductionmentioning

confidence: 99%

Creating a Culture of Sustainability using Mission Statements of Cooperative Organizations

Aris¹,

Othman²,

Chik³

et al. 2016

E-BPJ

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Mission statements are recognized as effective strategic management tools that influence firms' performance. The evolution of a culture of sustainability begins with a mission statement that strikes a balance between financial performance and social commitments. The clear articulation of sustainability as part of the firm's mission, values, goals, and strategy are key factors in fostering sustainability focused culture. This study illustrates the fundamental tenets of the culture of organizational sustainability model proposed by Galpin, Whitttington, and Bell (2015) using selected cooperatives in Malaysia. The contents of the mission statements were then analyze using the nine elements model by Pearce and David (1987) in findings its relations to and the existence of sustainability culture within the cooperatives. Findings from the study confirm building an organizational infrastructure that fosters a culture of sustainability results in positive employee and organizational-level sustainability performance. A reference was made to Bank Rakyat, one of the leading cooperative-based banking in the country for its outstanding performance.

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Accounting for the Triple Bottom Line

Abstract: Pressure is growing from governments and their citizens for business to measure and manage the impacts and outcomes of its behaviour in a range of areas. The demand has led to the formulation of a ‘triple bottom line’ to reflect economic, social and environmental performance.

Cited by 1,034 publications

References 0 publications

Integrated reporting vs. sustainability reporting for corporate responsibility in South Africa

Integrated reporting vs. sustainability reporting for corporate responsibility in South Africa

Corporate Triple Bottom Line Reporting: An Empirical Study on the Indian Listed Power Companies

Creating a Culture of Sustainability using Mission Statements of Cooperative Organizations

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