The term “Triple bottom line” (abbreviated as TBL or 3BL) incorporates the notion of sustainability into business decisions, coined by John Elkington in 1994.
TBL is an accounting framework with three dimensions: social, environmental (or ecological) and financial. The TBL dimensions are also commonly called the three Ps: People, Planet and Profit and are referred to as the "three pillars of sustainability."
Interest in TBL accounting has been growing in both for-profit, nonprofit and government sectors. Many organizations have adopted the TBL framework to evaluate their performance in a broader context.
Businesses play a critical role in the care of our planet’s resources and, as such, can take the lead to reduce their carbon footprint in day to day operations. But how?