n order to pursue the goal of sustainability, corporate and government leaders must manage companies and economies in terms of balancing and optimizing the triple bottom line of social, environmental, and economic impacts. The Triple Bottom Line concept, also known as the "3Ps" ("People, Planet, and Profit"), is both a metaphor for thinking about sustainability as well as the basis for a practical framework for accounting and reporting on organizations' activities and impacts. The TBL concept borrows the well-known and widely accepted idea of financial accounting and its "bottom line" and expands it.

 

After completing this module, you should be able to:

  • Explain the triple bottom line (TBL) concept and its three pillars of "People, Planet, and Profits"
  • Describe the Global Reporting Initiative (GRI) TBL accounting framework
  • Explain how economic, environmental, and social performance indicators are developed
  • Discuss how TBL accounting measures an organization's sustainability performance
  • Outline the criticisms of TBL accounting
  • Describe best practices for TBL accounting

 

Estimated time to complete: 3-5 hours

 

Ask the Expert: This course has an "Ask the Expert" feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.

 

Required Material: This course does not require any additional purchases of supplementary materials.

 

Access time:  30 days

 

An additional 30-day extension is available for $50

Program Information
Program Date:
April 04, 2016
Triple Bottom Line Accounting
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