Triple Bottom Line

In: Business and Management

Submitted By ogos90
Words 2794
Pages 12
International Journal of Business, Humanities and Technology

Vol. 1 No. 3; November 2011

Sustainability and Triple Bottom Line Reporting – What is it all about?
Aimee Jackson
College of Business
University of Louisiana – Monroe
Monroe, LA 71209
USA
Katherine Boswell, PhD, CIA
Assistant Professor of Accounting
College of Business
University of Louisiana – Monroe
Monroe, LA, 71209
USA
Dorothy Davis, DBA, CPA
Associate Professor of Accounting
College of Business
University of Louisiana – Monroe
Monroe, LA 71209
USA
Abstract
Growing demands from stakeholders for more extensive information about the operations and financial standing of businesses is encouraging some companies to including information on sustainability. The recognition that there are finite resources to be utilized by today’s businesses, as well as future generations, is a driving force behind incorporating additional reporting by companies on sustainability factors. This paper attempts to summarize the primary advantages and drawbacks of shifting from a strictly financial reporting philosophy to a sustainability philosophy.

Keywords: Sustainability Accounting, Triple Bottom Line Reporting, TBL
Introduction
With the shift in societal focus toward environmental longevity, b usinesses are encouraged to look at the big picture and see their impact on the world around them. A fundamental philosophy propagated today is how imperative it is that businesses address all values in reporting in order to lessen the chance that their activities will cause harm to global resources, not only for today‟s population but for future generations. This conscious awareness and modification of policies and procedures has been dubbed Sustainable Development. (WCED,
1987).
The growth of this broader “world sustainability” viewpoint can be seen in the number of companies that have
begun…...

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