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Triple Bottom Line

An addition of social and environmental values to the traditional economic measures of a corporation or organization’s success. Triple Bottom Line accounting attempts to describe the social and environmental impact of an organization’s activities, in a measurable way, to its economic performance in order to show improvement or to make evaluation more in-depth. There are currently few standards for measuring these other impacts, however. The phrase was coined by John Elkington, co-founder of the business consultancy SustainAbility, in his 1998 book Cannibals with Forks: the Triple Bottom Line of 21st Century Business.

Explore Other SDG Vocabulary

Technical Nutrient

Technical Nutrient

Made of highly stable materials which can be used again and again, technical nutrients are designed to be retrieved and reused within the closed-loop cycle of sustainable manufactu...

Three Pillars of Sustainability

Three Pillars of Sustainability

The three pillars of sustainability are: (i) the society, (ii) the environment, and (iii) the economy. These are also referred to as (i) people, (ii) planet, and (iii) profit, resp...

Tipping Point

Tipping Point

A way of looking at the way change happens in the world, put forth by Malcolm Gladwell in his bestselling book, The Tipping Point. The book contends that ideas, behaviors, messages...