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The Triple Bottom Line: Does It All Add Up [Paperback]

Adrian Henriques , Julie Richardson
4.0 out of 5 stars  See all reviews (2 customer reviews)

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Book Description

February 3, 2004 1844070158 978-1844070152
The concept of the 'triple bottom line' (TBL) - the idea that business activity can simultaneously deliver financial, social and environmental benefits - was introduced in the early 1990s. A decade on, The Triple Bottom Line: Does it All Add Up? brings together the world's leading experts on corporate responsibility to assess the implications, benefits and limitations of the TBL. This collection provides a review of what has already been achieved in stimulating change in corporate culture and bringing businesses to an appreciation of the importance and benefits of corporate social responsibility (CSR) and good environmental performance. It further explores the conceptual and practical limits of the metaphor of the TBL and sets out what can be achieved through regulation and legislation, presenting detailed professional procedures for environmental accounting and management and social auditing. The contributors' wealth of experience and insight provides a vivid picture of how much attention is now being focused by businesses on delivering more than just financial targets, and they clearly outline the necessary steps for successfully continuing along this trajectory.

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The Triple Bottom Line: Does It All Add Up + The Triple Bottom Line: How Today's Best-Run Companies Are Achieving Economic, Social and Environmental Success -- and How You Can Too
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Editorial Reviews

Review

'Airing of views from both sides of the debate, along with a mix of theory and practice, makes the book a good introduction to the area of TBL... there are some really deep and significant issues touched upon' SOCIAL AND ENVIRONMENTAL ACCOUNTING JOURNAL

About the Author

Adrian Henriques is Director of JustAssurance and Professor of Accountability and CSR at Middlesex University. Julie Richardson is a writer and consultant in the area of international environmental policy and CSR.

Product Details

  • Paperback: 208 pages
  • Publisher: Routledge (February 3, 2004)
  • Language: English
  • ISBN-10: 1844070158
  • ISBN-13: 978-1844070152
  • Product Dimensions: 0.6 x 5.9 x 9.1 inches
  • Shipping Weight: 11.2 ounces (View shipping rates and policies)
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #1,556,900 in Books (See Top 100 in Books)

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6 of 6 people found the following review helpful
Format:Paperback
The triple bottom line is supposed to integrate the concerns of all stakeholders into the balance sheet of business, adding a concern for society and the environment to those of profitmaking. These 3 domains are seen as increasingly inter-related: incorporating these "value concerns" in the business model, the reasoning goes, will also make you money. (E.g. recycling plastic waste is good for the environment and saves business a lot of money, which in many cases it does.) The concept was coined by John Elkington, a consultant and author, in 1996.

At the 10th anniversary of the idea, a group of British academics produced this book to assess the project. While the essays in the volume are uneven, there are a few gems that are very useful indeed.

Elkington's chapter sketches the vision: to create a world with a sustainable economy, stakeholders must act together to transform the global economic system. Elkington is a gifted creator of frameworks. He sees a number of forces converging to push the world in the direction of sustainability, including the concerns of activitists, the development of life-cycle technologies (businesses designing products with their life and disposal in mind, beyond solely their immediate sale), the demand for transparency and inter-action from a wide array of stakeholders, and the impacts of dwindling resources on the market. As he sees it, multi-national corporations will transform themselves from locusts (despoliators of resources for short-term profit) into honey bees (sustainable companies for the long term that are inclusive of the poor in terms of value creation), with several intermediate steps.
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0 of 4 people found the following review helpful
5.0 out of 5 stars I recommend! November 2, 2008
Format:Paperback
The book contains the contribution of many renowned authors from the Academic and Practitioner's world. This is a very good help to the understanding of the Triple Bottom Line Framework.
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