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Community Community standards Republishing guidelines Friends of The Conversation Research and Expert Database Analytics Events Our feeds Donate Company Who we are Our charter Our team Our blog Partners and funders Resource for media Contact us Stay informed and subscribe to our free daily newsletter and get the latest analysis and commentary directly in your inbox. Unfortunately, almost no organisation of which we are aware produces anything which looks even remotely like such accountability. Fiscal policy of governments usually claims to be concerned with identifying social and natural deficits on a less formal basis. The triple bottom line has also been extended to encompass four pillars, known as the quadruple bottom line QBL. Even if there are a number of win-win opportunities for good managers to exploit, maximising financial return will never minimise environmental impact and is unlikely to generate unqualified social good.
Do not expect from this book practical guidelines to become "sustainable" as some reviewers seemed to have expected. This book explains in detail what sustainability involves, three majors fields: economical, social and environmental that the author called the triple bottom line. The triple bottom line is a term coined in the late s by the influential business thinker and consultant, John Elkington. It captures a very neat idea, namely that a modern organisation has. The Three Ps of the Triple Bottom Line. So, let's look at the three bottom lines – People, Planet and Profit – in more detail. People. Companies that follow the triple bottom line way of doing business think about the impact their actions have on all the people involved with them.
Rob Gray has received funds from a wide range of organizations over the years. His last research grant was from ACCA and no conflict of interest arises from that. Milne does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no triple bottom line social affiliations beyond their academic appointment. Republish our articles for free, online or in print, under Creative Commons licence. The triple bottom line is a term coined in the late s by the influential business thinker triple bottom line social consultant, John Elkington.