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What is Triple Bottom Line

Chapter 471
Encyclopedia of Information Science and Technology, Fourth Edition
The dimensions are profit, planet and people. 3BL is an accounting framework with three parts: social, environmental (or ecological) and financial. Lean logistics is integrated with 3BL in a framework to evaluate their performance in a broader perspective to create greater business value in addressing sustainability.
Published in Chapter:
Lean Logistics of the Transportation of Fresh Fruit Bunches (FFB) in the Palm Oil Industry
Cheah Cheng Teik (Universiti Sains Malaysia, Malaysia) and Yudi Fernando (Universiti Malaysia Pahang, Malaysia)
Copyright: © 2018 |Pages: 11
DOI: 10.4018/978-1-5225-2255-3.ch471
Abstract
The purpose of this paper is to assess the efficiency, effectiveness and performance of logistics in transportation of Fresh Fruit Bunches (FFB) in Malaysian estates which are the growing logistics hubs in plantation management. It also identifies various factors that significantly affect the efficiency, effectiveness and performance of the Malaysian estate logistics and proposes ways to improve their competitiveness. This study shall empirically explore the causal relationships between Lean Logistics and Triple Bottom Line on Sustainable Logistics Performance in transportation of FFB in the Palm Oil Industry. The objective is to examine the current state of sustainability efforts within the field of value chain, more specifically logistics performance, and to identify opportunities and provide recommendations for the palm oil industry to follow sustainable performance. This study also aims to stimulate further research within the area of sustainable logistics performance.
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Chapter 9
An Interrogation of Entrepreneur Perspectives on the Nexus of Sustainability and Entrepreneurship: Sustainable Entrepreneurship
Is a method used in business accounting to expand stakeholders’ knowledge of the company further. It goes beyond the traditional and financial aspects and reveals the company’s impact on the world around it.
Published in Chapter: An Interrogation of Entrepreneur Perspectives on the Nexus of Sustainability and Entrepreneurship: Sustainable Entrepreneurship; From: Institutions, Resilience, and Dynamic Capabilities of Entrepreneurial Ecosystems in Emerging Economies
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Chapter 1
Strategies for a Sustainable Enterprise
The triple bottom line captures an increased spectrum of values and criteria for assessing a company’s performance. It expands the traditional reporting framework beyond financial performance to take into account ecological and social performance.
Published in Chapter: Strategies for a Sustainable Enterprise; From: Handbook of Research on Green ICT: Technology, Business and Social Perspectives
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Chapter 218
Sustainable Enterprise Excellence
Organizational performance orientation emphasizing sustainable results in the 3P areas of people (social responsibility), planet (environmental results), and profit (business results).
Published in Chapter: Sustainable Enterprise Excellence; From: Encyclopedia of Business Analytics and Optimization
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Chapter 17
Sustainability Reporting on Labor Practices: An Examination in Turkey
A term that implies the implementation and convergence of economic, social, and environmental facets of sustainability in organizations.
Published in Chapter: Sustainability Reporting on Labor Practices: An Examination in Turkey; From: Handbook of Research on Supply Chain Management for Sustainable Development
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Chapter 3
Navigating the Green Path: A Perspective on Sustainable Consumption, Business Innovation, and Customer Experience in China
A business approach that considers three dimensions: social, environmental, and financial, aiming to create value in all three areas.
Published in Chapter: Navigating the Green Path: A Perspective on Sustainable Consumption, Business Innovation, and Customer Experience in China; From: Sustainable Consumption Experience and Business Models in the Modern World
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Chapter 81
Lean Logistics of the Transportation of Fresh Fruit Bunches (FFB) in the Palm Oil Industry
The dimensions are profit, planet and people. 3BL is an accounting framework with three parts: social, environmental (or ecological) and financial. Lean logistics is integrated with 3BL in a framework to evaluate their performance in a broader perspective to create greater business value in addressing sustainability.
Published in Chapter: Lean Logistics of the Transportation of Fresh Fruit Bunches (FFB) in the Palm Oil Industry; From: Advanced Methodologies and Technologies in Business Operations and Management
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Chapter 5
Alignment of Organizational Competence for Sustainability With Dimensions of the Triple Bottom Line
Model that characterizes sustainability through the interaction between three dimensions: economic, social, and environmental.
Published in Chapter: Alignment of Organizational Competence for Sustainability With Dimensions of the Triple Bottom Line; From: Mapping, Managing, and Crafting Sustainable Business Strategies for the Circular Economy
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Chapter 10
Emerging Economy Institutions of Higher Education Sustainability Initiatives to Solve Wicked Environmental Problems
Balancing the social, environmental, and economic outcome of any activity. Any activity in order to contribute to sustainable development needs to achieve a neutral or even positive triple bottom line.
Published in Chapter: Emerging Economy Institutions of Higher Education Sustainability Initiatives to Solve Wicked Environmental Problems; From: Handbook of Research on Using Global Collective Intelligence and Creativity to Solve Wicked Problems
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Chapter 1
Industry 4.0 in the Context of the Triple Bottom Line of Sustainability: A Systematic Literature Review
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Chapter 3
Applying Lean Production and Six Sigma in Global Operations
The financial, social, and environmental effects of a firm's policies and actions that determine its viability as a sustainable organization.
Published in Chapter: Applying Lean Production and Six Sigma in Global Operations; From: Handbook of Research on Waste Management Techniques for Sustainability
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Chapter 6
Competitive Advantage Development in Family Firms by Transforming Entrepreneurial Orientation Into CSR: Evidence From Spain
CSR can be accomplished in three main areas, each one focused on different activities: social, economic, and environmental activities.
Published in Chapter: Competitive Advantage Development in Family Firms by Transforming Entrepreneurial Orientation Into CSR: Evidence From Spain; From: Handbook of Research on Entrepreneurial Leadership and Competitive Strategy in Family Business
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Chapter 6
Environmental Sustainability to Support Competitiveness: From Theory to Practice
An accounting framework with three parts, social, environmental (or ecological) and financial, adopted by organizations to evaluate their performance in a broader perspective to create greater business value coherently in the concept of sustainability.
Published in Chapter: Environmental Sustainability to Support Competitiveness: From Theory to Practice; From: Customer Satisfaction and Sustainability Initiatives in the Fourth Industrial Revolution
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Chapter 9
Sustainable Acoustics for Better Livability and Wellbeing
This is a business concept that posits firms should commit to measuring their social and environmental impact—in addition to their financial performance—rather than solely focusing on generating profit, or the standard “bottom line.” It can be broken down into “three Ps”: profit, people, and the planet.
Published in Chapter: Sustainable Acoustics for Better Livability and Wellbeing; From: Intersecting Health, Livability, and Human Behavior in Urban Environments
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Chapter 201
Social-Ecological Innovation
Organizational performance orientation emphasizing sustainable results in the 3P areas of people (social responsibility), planet (environmental results), and profit (business results).
Published in Chapter: Social-Ecological Innovation; From: Encyclopedia of Business Analytics and Optimization
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Chapter 12
Development and Progress of the Mining Association of Canada's Towards Sustainable Mining Program
Refers to the expansion of the traditional business accounting framework to consider environmental and social performance in addition to the traditional business metric of financial performance, a term coined by John Elkington.
Published in Chapter: Development and Progress of the Mining Association of Canada's Towards Sustainable Mining Program; From: Handbook of Research on Sustainable Development and Economics
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Chapter 11
Sustainable Logistics and Competitive Positioning
A framework that evaluates business performance based on three dimensions: economic, environmental, and social. Sustainable logistics contributes to the triple bottom line by considering not only financial outcomes but also environmental and social impacts.
Published in Chapter: Sustainable Logistics and Competitive Positioning; From: Integrating Intelligence and Sustainability in Supply Chains
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Chapter 2
Greening Human Resources for Elevating Value Creation in Organizations
A business framework that evaluates an organization's success based on three dimensions: economic, social, and environmental.
Published in Chapter: Greening Human Resources for Elevating Value Creation in Organizations; From: Promoting Value Creation Through Organizational Effectiveness and Development
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Chapter 2
The Role of Government Regulations on Business Practices in China: Impact and Lessons for Global Sustainability
The triple bottom line is a framework that considers three dimensions of sustainability: economic, social, and environmental. It emphasizes the need for businesses and organizations to account for not only financial performance but also their social and environmental impacts.
Published in Chapter: The Role of Government Regulations on Business Practices in China: Impact and Lessons for Global Sustainability; From: Government Impact on Sustainable and Responsible Supply Chain Management
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Chapter 14
The Role of Government in Promoting Sustainable Procurement
A business approach that considers the economic, social, and environmental impacts of its operations.
Published in Chapter: The Role of Government in Promoting Sustainable Procurement; From: Government Impact on Sustainable and Responsible Supply Chain Management
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Chapter 1
Beyond Economics: Focusing on the Well-Being of Organizations
A term created with the aim of rethinking the traditional way of doing business, putting environmental and social issues on the same level as economic ones.
Published in Chapter: Beyond Economics: Focusing on the Well-Being of Organizations; From: Developing Diversity, Equity, and Inclusion Policies for Promoting Employee Sustainability and Well-Being
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Chapter 15
A Triple-Bottom-Line Approach-Based Clustering Study for the Sustainable Development Goals of the European Countries: Sustainable Development Concept
The concept of the Triple Outcome Line (TBL), which deals with the measurement of corporate sustainability with its social, environmental, and economic dimensions, is an approach to measuring the sustainability of businesses, non-profit organizations and governments and the performance of related projects or policies.
Published in Chapter: A Triple-Bottom-Line Approach-Based Clustering Study for the Sustainable Development Goals of the European Countries: Sustainable Development Concept; From: Handbook of Research on SDGs for Economic Development, Social Development, and Environmental Protection
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Chapter 10
Sustainable Entrepreneurial Thinking: Developing Pro-Active, Globally Aware Citizens
The idea that a company's performance must be measured not only in relation to profits, but also to its effect on the environment and society as a whole.
Published in Chapter: Sustainable Entrepreneurial Thinking: Developing Pro-Active, Globally Aware Citizens; From: Teaching and Learning Practices That Promote Sustainable Development and Active Citizenship
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