TRIPLE BOTTOM LINE

Triple Bottom Line (TBL)

[Name & Number of the Writer]

[Name of Module]

[Word Count]

Executive Summary

Being a research assistant at an organisation and reporting to the director finance about the Triple Bottom Line and its benefits. My responsibility is to carry out a research on the special projects required by the finance director. Triple bottom line measures the profits of the organisation and also measures the impact of the organisation on the people around, its finances and the planet. Companies are a responsibility of the stakeholders at first and then involve every one either directly or indirectly related to the company as well as the planet we live on. This report is mainly based on critically evaluating how triple bottom line is beneficial for the organisation and its relevance and reliability and the changes that should be implemented by the company in this area as per different studies and articles based on facts.

Declaration

It is hereby declared that all the components in this research report are exclusively done by the author itself and this report is purely for the purpose of …………………….. degree. No material used in this report, is a part of any other degree or institution.

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Introduction4

Discussion4

Critical Evaluation5

?Examples from studies5

Relevance & Reliability5

TBL at work6

Relevance & Reliability9

Talking about TBL reporting under the GRI (Global Reporting Initiative) program it provides principles and guidelines for an organisation related to precise content indicators for preparation of sustainability report. These guidelines are not any coding neither give instructions for design of data nor any methodology for monitoring and verifying the sustainability reports.9

Disadvantages of TBL9

Relevance & Reliability10

Sample Size12

Summary12

References14

Triple Bottom Line (TBL)

Introduction

Organisations struggle to tell their stories, to commune the good and the bad they had done in the market, society or for the environment. This challenge of telling the story of an organisation is not being fulfilled by current corporate reporting practices. In particular, criticism has been directed at the failure of annual reports or other regulatory filings to tell anything about a company's environmental and social performance. Human, Planet & Profit when the three components are balanced then the country is sustainable in the long run.

Given above is a three legged stool which is mostly used as a symbol for the triple bottom line growth sustainability. When these three legs of the stool are in the same fraction to each other, the stool is strong and the load is stable meaning it is sustainable (Gray & Milne, 2002, p. 01 - 08).

Discussion

On an international level, an economy reaches the level of sustainability when it produces optimally. This shows that the best use of the three factors of production that is labour, land and capital which sound more like human, planet and profit. An example of an Organisation for Economic Cooperation and Development (OECD) country and taking TBL on macroeconomic level, the government of the OECD country makes money in terms of taxes in order to spend money. Out of the way from servicing a deficit and defence, any government ...