Sustainability assessment tools triple bottom line

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Skip to Main Content. If you would like to begin using this approach in your organization, a TBL tool has been developed to guide you through this process. What is the TBL Tool?

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Objectives are to propose a definition of sustainability and a framework for assessment tailored to the U-M AA, to use the framework to evaluate a set of sustainability indicators, to highlight findings in a Prototype Sustainability Report, and to provide recommendations for an institutionalized reporting process. The assessment framework utilizes the "triple bottom line" concept, which recognizes environmental, social and economic spheres of sustainability. Each sphere is divided into categories and further into indicators.

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Skip to Main Content. A not-for-profit organization, IEEE is the world's largest technical professional organization dedicated to advancing technology for the benefit of humanity. Use of this web site signifies your agreement to the terms and conditions.

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Triple Bottom Line TBL is an emerging process that aims to report, assess and improve organisational performance in relation to sustainability. It is gaining recognition within local government as a means of reporting progress towards or away from sustainability and incorporating its principles into management practices. John Elkington coined the term Triple Bottom Line in s to highlight the importance of accounting for the non-market and non-financial aspects of performance in corporations, including social performance. Elkington stated: "The triple bottom line focuses corporations not just on the economic value they add, but also on the environmental and social value they add — and destroy.

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Today, we continue to outstrip our planetary boundaries with no sign of slowing down. How often are management concepts subjected to recalls by the people who invented them? It is hard to think of a single case.

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Purpose: The objective of this paper is to assess the level of sustainability of the UK automotive supply chain considering simultaneously the three dimensions of sustainability economic, social and environmental representing the Triple Bottom Line TBL approach. Practical implications: The assessment of the SC sustainability by using the suggested framework to compute a SC sustainability index offers managers an opportunity for assessing the level of sustainability of each individual company and the corresponding SC in a very easy way. It also represents an opportunity for improving company performance.

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Umberto Berardi, Nicholas A. Hall,

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The Triple Bottom Line is one of the main systems being used by businesses to assess the profits they are making through their corporate sustainability solutions. The Triple Bottom Line method asks you to see beyond the traditional bottom line of business to the profits that your business makes socially, environmentally, and economically. Measuring your business using the Triple Bottom Line is one of the best markers of how sustainable your business is, and how profitable it really is.

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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 financial. Some organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value. In traditional business accounting and common usage, the " bottom line " refers to either the "profit" or "loss", which is usually recorded at the very bottom line on a statement of revenue and expenses.

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The triple bottom line TBL is a framework or theory that recommends that companies commit to focus on social and environmental concerns just as they do on profits. The TBL posits that instead of one bottom line, there should be three: profit, people, and the planet. A TBL seeks to gauge a corporation's level of commitment to corporate social responsibility and its impact on the environment over time.

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