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Triple bottom line

Index Triple bottom line

Triple bottom line (or otherwise noted as TBL or 3BL) is an accounting framework with three parts: social, environmental (or ecological) and financial. [1]

106 relations: Accounting, Alan Carpenter, Asbestosis, Avalon International Breads, B Corporation (certification), Benefit corporation, Bottom of the pyramid, Bretton Woods Conference, Brundtland Commission, Carrying capacity, Circles of Sustainability, City of London, Climate, Climate change, Colin Barnett, Community, Community interest company, Conscious business, Copper extraction, Corporate social responsibility, Cost–benefit analysis, Depression (economics), Detroit, Dominican Republic, Double bottom line, Douglas & McIntyre, Earth, EarthCheck, Eco-capitalism, Ecological footprint, Ecological health, Economics, Ecosystem, Ecotourism, Environmental full-cost accounting, Euro, European Union, Externality, Fair trade, Financial capital, Fiscal policy, Geotourism, Global Alliance for Banking on Values, Global financial system, Global Reporting Initiative, Goethe-Institut, Government of Western Australia, Grassroots Business Fund, Greater London Council, Green economy, ..., Green party, Greenwashing, Harvard Business Publishing, Human capital, ICLEI, Ideology, Impact investing, Institute for Sustainable Communication, Intergovernmental Panel on Climate Change, International Simultaneous Policy Organization, John Elkington (business author), John Mackey (businessman), Kyoto Protocol, Legal liability, Life-cycle assessment, Low-profit limited liability company, Minnesota, Monetary policy, Monetary reform, Natural capital, Net income, Non-governmental organization, North America, Private sector, Public sector, Recession, Recycling, Robert J. Rubinstein, Shareholder, Social capital, Social enterprise, Social entrepreneurship, Social inertia, Social justice, Social structure, Socially responsible investing, Stakeholder (corporate), Stakeholder theory, Sustainability, Sustainable development, Toxicity, Triple Bottom Line Cost Benefit Analysis, Triple top line, Unit of account, United Kingdom, United Nations, United Nations Environment Programme, United States, Value network, Value network analysis, Value of Earth, Value of life, Volunteering, Waste hierarchy, Whole Foods Market, World War II. Expand index (56 more) »

Accounting

Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.

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Alan Carpenter

Alan John Carpenter (born 4 January 1957) is a former Australian politician who served as the 28th Premier of Western Australia, from 2006 to 2008.

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Asbestosis

Asbestosis is long term inflammation and scarring of the lungs due to asbestos.

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Avalon International Breads

Avalon International Breads is a bakery located in Detroit, Michigan, that produces a wide variety of baked goods, including breads, rolls, pizzas, cookies, and pastries, as well as sandwiches and coffee.

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B Corporation (certification)

B Corporation certification (also known as B Lab certification or B Corp certification) is a private certification issued to for-profit companies by B Lab, a global non-profit organization with offices in the United States, Europe, Canada, Australia, New Zealand and a partnership in Latin America with Sistema B. To be granted and to preserve certification, companies must receive a minimum score on an online assessment for "social and environmental performance", satisfy the requirement that the company integrate B Lab commitments to stakeholders into company governing documents, and pay an annual fee ranging from $500 to $50,000.

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Benefit corporation

In the United States, a benefit corporation is a type of for-profit corporate entity, authorized by 33 U.S. states and the District of Columbia that includes positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals.

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Bottom of the pyramid

The bottom of the pyramid, bottom of the wealth pyramid or the bottom of the income pyramid is the largest, but poorest socio-economic group.

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Bretton Woods Conference

The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel, situated in Bretton Woods, New Hampshire, United States, to regulate the international monetary and financial order after the conclusion of World War II.

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Brundtland Commission

Formerly known as the World Commission on Environment and Development (WCED), the mission of the Brundtland Commission is to unite countries to pursue sustainable development together.

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Carrying capacity

The carrying capacity of a biological species in an environment is the maximum population size of the species that the environment can sustain indefinitely, given the food, habitat, water, and other necessities available in the environment.

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Circles of Sustainability

Circles of Sustainability is a method for understanding and assessing sustainability, and for managing projects directed towards socially sustainable outcomes.

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City of London

The City of London is a city and county that contains the historic centre and the primary central business district (CBD) of London.

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Climate

Climate is the statistics of weather over long periods of time.

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Climate change

Climate change is a change in the statistical distribution of weather patterns when that change lasts for an extended period of time (i.e., decades to millions of years).

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Colin Barnett

Colin James Barnett (born 15 July 1950) is a former Australian politician who was the 29th Premier of Western Australia.

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Community

A community is a small or large social unit (a group of living things) that has something in common, such as norms, religion, values, or identity.

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Community interest company

A community interest company (CIC) is a type of company introduced by the United Kingdom government in 2005 under the Companies (Audit, Investigations and Community Enterprise) Act 2004, designed for social enterprises that want to use their profits and assets for the public good.

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Conscious business

Conscious business enterprises and people (also sometimes referred to under the label conscious capitalism) are those that choose to follow a business strategy, in which they seek to benefit both human beings and the environment.

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Copper extraction

Copper extraction refers to the methods used to obtaining copper from its ores.

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Corporate social responsibility

Corporate social responsibility (CSR, also called corporate sustainability, sustainable business, corporate conscience, corporate citizenship or responsible business) is a type of international private business self-regulation.

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Cost–benefit analysis

Cost–benefit analysis (CBA), sometimes called benefit costs analysis (BCA), is a systematic approach to estimate the strengths and weaknesses of alternatives (for example in transactions, activities, functional business requirements or projects investments); it is used to determine options that provide the best approach to achieve benefits while preserving savings.

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Depression (economics)

In economics, a depression is a sustained, long-term downturn in economic activity in one or more economies.

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Detroit

Detroit is the most populous city in the U.S. state of Michigan, the largest city on the United States–Canada border, and the seat of Wayne County.

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Dominican Republic

The Dominican Republic (República Dominicana) is a sovereign state located in the island of Hispaniola, in the Greater Antilles archipelago of the Caribbean region.

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Double bottom line

Double bottom line (abbreviated as DBL or 2BL) seeks to extend the conventional bottom line, that measures fiscal performance—financial profit or loss—by adding a second bottom line to measure their performance in terms of positive social impact.

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Douglas & McIntyre

Douglas & McIntyre is an imprint of the Canadian book publishing firm Douglas and McIntyre (2013) Ltd.

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Earth

Earth is the third planet from the Sun and the only astronomical object known to harbor life.

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EarthCheck

EarthCheck (previously known as EC3 Global), an international tourism advisory group.

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Eco-capitalism

Eco-capitalism, also known as environmental capitalism or green capitalism, is the view that capital exists in nature as "natural capital" (ecosystems that have ecological yield) on which all wealth depends, and therefore, market-based government policy instruments (such as a carbon tax) should be used to resolve environmental problems.

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Ecological footprint

The ecological footprint measures human demand on nature, i.e., the quantity of nature it takes to support people or an economy.

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Ecological health

Ecological health is a term that has been used in relation to both human health and the condition of the environment.

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Economics

Economics is the social science that studies the production, distribution, and consumption of goods and services.

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Ecosystem

An ecosystem is a community made up of living organisms and nonliving components such as air, water, and mineral soil.

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Ecotourism

Ecotourism is a form of tourism involving visiting fragile, pristine, and relatively undisturbed natural areas, intended as a low-impact and often small scale alternative to standard commercial mass tourism.

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Environmental full-cost accounting

Environmental full-cost accounting (EFCA) is a method of cost accounting that traces direct costs and allocates indirect costs by collecting and presenting information about the possible environmental, social and economical costs and benefits or advantagesin short, about the "triple bottom line"for each proposed alternative.

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Euro

The euro (sign: €; code: EUR) is the official currency of the European Union.

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European Union

The European Union (EU) is a political and economic union of EUnum member states that are located primarily in Europe.

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Externality

In economics, an externality is the cost or benefit that affects a party who did not choose to incur that cost or benefit.

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Fair trade

Fair trade is a social movement whose stated goal is to help producers in developing countries achieve better trading conditions.

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Financial capital

Financial capital is any economic resource measured in terms of money used by entrepreneurs and businesses to buy what they need to make their products or to provide their services to the sector of the economy upon which their operation is based, i.e. retail, corporate, investment banking, etc.

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Fiscal policy

In economics and political science, fiscal policy is the use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy.

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Geotourism

Geotourism deals with the natural and built environments.

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Global Alliance for Banking on Values

The Global Alliance for Banking on Values (GABV) is an independent network of banks and banking cooperatives with a shared mission to use finance to deliver sustainable economic, social and environmental development.

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Global financial system

The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing.

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Global Reporting Initiative

The Global Reporting Initiative (known as GRI) is an international independent standards organization that helps businesses, governments and other organizations understand and communicate their impacts on issues such as climate change, human rights and corruption.

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Goethe-Institut

The Goethe-Institut (GI, "Goethe Institute") is a non-profit German cultural association operational worldwide with 159 institutes, promoting the study of the German language abroad and encouraging international cultural exchange and relations.

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Government of Western Australia

The Government of Western Australia, also referred to formally as Her Majesty's Government of Western Australia, or as the Western Australian Government or the West Australian Government, is the Australian state democratic administrative authority of Western Australia.

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Grassroots Business Fund

The Grassroots Business Fund is a non-profit based in Washington, DC.

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Greater London Council

The Greater London Council (GLC) was the top-tier local government administrative body for Greater London from 1965 to 1986.

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Green economy

The green economy is defined as an economy that aims at reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment.

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Green party

A Green party is a formally organized political party based on the principles of green politics, such as social justice, environmentalism and nonviolence.

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Greenwashing

Greenwashing (a compound word modelled on "whitewash"), also called "green sheen", is a form of spin in which green PR or green marketing is deceptively used to promote the perception that an organization's products, aims or policies are environmentally friendly.

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Harvard Business Publishing

Harvard Business Publishing was founded in 1994 as a not-for-profit, wholly owned subsidiary of Harvard University (distinct from Harvard University Press), with a focus on improving business management practices.

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Human capital

Human capital is a term popularized by Gary Becker, an economist and Nobel Laureate from the University of Chicago, and Jacob Mincer.

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ICLEI

ICLEI – Local Governments for Sustainability, founded in 1990 as the International Council for Local Environmental Initiatives, is an international organization of local governments and national and regional local government organizations that have made a commitment to sustainable development.

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Ideology

An Ideology is a collection of normative beliefs and values that an individual or group holds for other than purely epistemic reasons.

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Impact investing

Impact investing refers to investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return." Impact investments provide capital to address social and/or environmental issues.

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Institute for Sustainable Communication

The Institute for Sustainable Communication, (ISC), was founded in 2003 and is a non-profit organization that is devoted to sustainability through the printing, digital media and advertising industries.

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Intergovernmental Panel on Climate Change

The Intergovernmental Panel on Climate Change (IPCC) is a scientific and intergovernmental body under the auspices of the United Nations, set up at the request of member governments, dedicated to the task of providing the world with an objective, scientific view of climate change and its political and economic impacts.

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International Simultaneous Policy Organization

The International Simultaneous Policy Organisation (ISPO) is a voluntary organization that promotes the Simultaneous Policy (Simpol) campaign.

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John Elkington (business author)

John Elkington (born June 23, 1949) is an author, advisor and serial entrepreneur, perhaps best known for coining such terms as environmental excellence, green growth, green consumer, the triple bottom line and People, Planet & Profit (or Prosperity).

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John Mackey (businessman)

John Mackey (born August 15, 1953) is an American businessman.

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Kyoto Protocol

The Kyoto Protocol is an international treaty which extends the 1992 United Nations Framework Convention on Climate Change (UNFCCC) that commits state parties to reduce greenhouse gas emissions, based on the scientific consensus that (part one) global warming is occurring and (part two) it is extremely likely that human-made CO2 emissions have predominantly caused it.

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Legal liability

In law, liable means "esponsible or answerable in law; legally obligated." Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies.

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Life-cycle assessment

Life-cycle assessment (LCA, also known as life-cycle analysis, ecobalance, and cradle-to-grave analysis) is a technique to assess environmental impacts associated with all the stages of a product's life from raw material extraction through materials processing, manufacture, distribution, use, repair and maintenance, and disposal or recycling.

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Low-profit limited liability company

A low-profit limited liability company (L3C) is a legal form of business entity in the United States that was created to bridge the gap between non-profit and for-profit investing by providing a structure that facilitates investments in socially beneficial, for-profit ventures by simplifying compliance with Internal Revenue Service rules for program-related investments, a type of investment that private foundations are allowed to make.

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Minnesota

Minnesota is a state in the Upper Midwest and northern regions of the United States.

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Monetary policy

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

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Monetary reform

Monetary reform is any movement or theory that proposes a system of supplying money and financing the economy that is different from the current system.

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Natural capital

Natural capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms.

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Net income

In business, net income (total comprehensive income, net earnings, net profit, informally, bottom line) is an entity's income minus cost of goods sold, expenses and taxes for an accounting period.

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Non-governmental organization

Non-governmental organizations, nongovernmental organizations, or nongovernment organizations, commonly referred to as NGOs, are usually non-profit and sometimes international organizations independent of governments and international governmental organizations (though often funded by governments) that are active in humanitarian, educational, health care, public policy, social, human rights, environmental, and other areas to effect changes according to their objectives.

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North America

North America is a continent entirely within the Northern Hemisphere and almost all within the Western Hemisphere; it is also considered by some to be a northern subcontinent of the Americas.

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Private sector

The private sector is the part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the State.

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Public sector

The public sector (also called the state sector) is the part of the economy composed of both public services and public enterprises.

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Recession

In economics, a recession is a business cycle contraction which results in a general slowdown in economic activity.

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Recycling

Recycling is the process of converting waste materials into new materials and objects.

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Robert J. Rubinstein

Robert J. Rubinstein (born 1952) is a Social Entrepreneur and the founder and driving force behind TBLI (Triple Bottom Line Investing) Group, a group that specializes in Environmental, Social and Governance ESG and Impact Investing, using Triple Bottom Line principles.

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Shareholder

A shareholder or stockholder is an individual or institution (including a corporation) that legally owns one or more shares of stock in a public or private corporation.

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Social capital

Social capital is a form of economic and cultural capital in which social networks are central; transactions are marked by reciprocity, trust, and cooperation; and market agents produce goods and services not mainly for themselves, but for a common good.

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Social enterprise

A social enterprise is an organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being—this may include maximizing social impact alongside profits for external shareholders.

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Social entrepreneurship

Social entrepreneurship is the use of start-up companies and other entrepreneurs to develop, fund and implement solutions to social, cultural, or environmental issues.

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Social inertia

In psychology and sociology, social inertia is the resistance to change or the endurance of stable relationships in societies or social groups.

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Social justice

Social justice is a concept of fair and just relations between the individual and society.

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Social structure

In the social sciences, social structure is the patterned social arrangements in society that are both emergent from and determinant of the actions of the individuals.

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Socially responsible investing

Socially responsible investing (SRI), or social investment, also known as sustainable, socially conscious, "green" or ethical investing, is any investment strategy which seeks to consider both financial return and social/environmental good to bring about a positive change.

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Stakeholder (corporate)

In a corporation, as defined in its first usage in a 1963 internal memorandum at the Stanford Research Institute, a stakeholder is a member of the "groups without whose support the organization would cease to exist".

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Stakeholder theory

The stakeholder theory is a theory of organizational management and business ethics that addresses morals and values in managing an organization.

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Sustainability

Sustainability is the process of change, in which the exploitation of resources, the direction of investments, the orientation of technological development and institutional change are all in harmony and enhance both current and future potential to meet human needs and aspirations.

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Sustainable development

Sustainable development is the organizing principle for meeting human development goals while at the same time sustaining the ability of natural systems to provide the natural resources and ecosystem services upon which the economy and society depend.

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Toxicity

Toxicity is the degree to which a chemical substance or a particular mixture of substances can damage an organism.

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Triple Bottom Line Cost Benefit Analysis

Triple Bottom Line Cost Benefit Analysis (TBL-CBA) is an evidenced-based economic method that combines cost benefit analysis (CBA) and life cycle cost analysis (LCCA) across the triple bottom line (TBL) to weigh costs and benefits to project stakeholders.

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Triple top line

Triple top line (abbreviated as TTL or 3TL) is first mentioned by McDonough and Braungart (2002).

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Unit of account

A unit of account in economics is a nominal monetary unit of measure or currency used to represent the real value (or cost) of any economic item; i.e. goods, services, assets, liabilities, income, expenses.

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United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.

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United Nations

The United Nations (UN) is an intergovernmental organization tasked to promote international cooperation and to create and maintain international order.

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United Nations Environment Programme

The United Nations Environment Programme (UNEP) is an agency of United Nations and coordinates its environmental activities, assisting developing countries in implementing environmentally sound policies and practices.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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Value network

A value network is a business analysis perspective that describes social and technical resources within and between businesses.

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Value network analysis

Value network analysis (VNA) is a methodology for understanding, using, visualizing, optimizing internal and external value networks and complex economic ecosystems.

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Value of Earth

The Value of Earth, i.e. the net worth of our planet, is a debated concept both in terms of the definition of value, as well as the scope of "earth".

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Value of life

The value of life is an economic value used to quantify the benefit of avoiding a fatality.

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Volunteering

Volunteering is generally considered an altruistic activity where an individual or group provides services for no financial or social gain "to benefit another person, group or organization".

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Waste hierarchy

Waste hierarchy is a tool used in the evaluation of processes that protect the environment alongside resource and energy consumption to most favourable to least favourable actions.

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Whole Foods Market

Whole Foods Market Inc. is an American supermarket chain that specializes in selling organic foods products without artificial additive products for growing foods, colors, flavors, sweeteners, and hydrogenated fats.

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World War II

World War II (often abbreviated to WWII or WW2), also known as the Second World War, was a global war that lasted from 1939 to 1945, although conflicts reflecting the ideological clash between what would become the Allied and Axis blocs began earlier.

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Redirects here:

3BL, Integrated bottom line, People Planet Profit, People, Planet, Profit, TBLI, Triple Bottom Line, Triple-bottom-line, Tripple bottom line.

References

[1] https://en.wikipedia.org/wiki/Triple_bottom_line

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