In 1994 John Elkington coined the term, “Triple Bottom Line” (TBL). He has written that he was looking for a new language to express the expansion of the environmental agenda that his company SustainAbility had been focused on. John felt that the social and economic dimensions that had been presented in the Brundltland Report needed to be addressed by his firm in order to affect real change.
TBL framework allows an organization to focus on not only the economic value they create, but also on the social and environmental value they create or decrease. Continue reading