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The triple bottom line (or otherwise noted as TBL or 3BL) is an accounting framework with three parts: social, environmental (or ecological) and economic. Some organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value. [1] Business writer John Elkington claims to have ...
Market governance mechanism. v. t. e. Environmental, social, and governance ( ESG ), is a set of aspects, including environmental issues, social issues and corporate governance that can be considered in investing. Investing with ESG considerations is sometimes referred to as responsible investing or, in more proactive cases, impact investing.
Sustainability accounting in managerial accounting contrasts with financial accounting in that managerial accounting is used for internal decision making and the creation of new policies that will have an effect on the organisation's performance at economic, ecological, and social (known as the triple bottom line or Triple-P's; People, Planet ...
Environmental full-cost accounting ( EFCA) is a method of cost accounting that traces direct costs and allocates indirect costs [1] by collecting and presenting information about the possible environmental costs and benefits or advantages – in short, about the "triple bottom line" – for each proposed alternative.
Sustainability measurement is a set of frameworks or indicators used to measure how sustainable something is. This includes processes, products, services and businesses. Sustainability is difficult to quantify. [1] It may even be impossible to measure as there is no fixed definition. [2]
A sustainable business, or a green business, is an enterprise that has a minimal negative impact or potentially a positive effect on the global or local environment, community, society, or economy—a business that attempts to meet the triple bottom line. They cluster under different groupings and the whole is sometimes referred to as "green ...
Unlike global definitions of CSR in the triple bottom line, corporate citizenship, sustainable business, business responsibility, and closed-loop realm, in India, CSR is a philanthropic activity. What has changed since formalizing it in 2014 is the shift in focus from institution building (schools, hospitals, etc.) to focus on community ...
The US Army and the US Army Corps of Engineers: their "triple-bottom-line-plus" of sustainability – mission, environment, community and economic benefit. MTA NY City Transit's Mother Clara Hale Bus Depot in Harlem, NY opened in November 2014 and has been certified LEED gold level status by the U.S. Green Building Council.