Triple Bottom Line
Our increasing population and the worldwide pursuit of economic growth are never ending environmental problems that significantly affect our daily lives. Air and water pollution from industrial activities, conversion of forest land for agriculture, settlements and industry and unsustainable development are some of the major causes of the environmental problems we face today. The most innovative of companies are well on their way to accomplishing innovation with regard to sustainability in various aspects of their businesses while integrating new paradigms. The value of this integration is referred to as triple bottom line accounting, representing increased economic, ecological and social values, whereas the bottom line has traditionally been associated with solely economic drivers.
“We believe that companies which follow the triple bottom line will be able to contribute significantly much more to their stakeholders and shareholders."