4. Some companies have begun to focus their decision making on the triple bottom line. Which three of the following are the three key concepts of the triple bottom line?

Question

Roman Brooks

Business

22 November, 05:03

4. Some companies have begun to focus their decision making on the triple bottom line. Which three of the following are the three key concepts of the triple bottom line?

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Answers (1)

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Zimmerman · Answer 1

1. corporate profits

2. the impact of profits on people

3. the impact of profits on the planet

Explanation:

The triple bottom line theory suggests that three important pillars should be sustainable development: social development, economic development and sustainable development (Glavas and Mish 2015). Triple bottom line (TBL) accounting extends the conventional accounting system to take into account, in addition to financial performance, social and environmental impact.