Multiple bottom line

More detailed information of the metrics used for each indicator can be found in their TBL report. It has three parts: Sustainability and reducing environmental impact are hot corporate objectives. While that would have the benefit of having a common unit—dollars—many object to putting a dollar value on wetlands or endangered species on strictly philosophical grounds. What is social capital measured in? Is it good enough to pay workers in Bangladesh three times the average local wage if that wage still sounds horrifyingly low to consumers in the United States?

Many are appropriate for a community to use when constructing a TBL. What about environmental or ecological health? These are not constrained by strict economic theory for measuring changes in social welfare. An investment manager , individual investor, or CEO that wants to pursue the triple bottom line TBL must consciously consider, in addition to the economic bottom line, the social and environmental areas in making investing and business decisions. Understand the basics of the three white soldiers pattern and what conditions are optimal for creating effective trade strategies The primary benefit of embedding one approach to measurement of these deficits would be first to direct monetary policy to reduce them, and eventually achieve a global monetary reform by which they could be systematically and globally reduced in some uniform way. Topic Index Archives About.

I can hear some of you scoffing. To buy this book, please visit our online shop. The Kyoto Protocol relies on some measures of this sort, and actually relies on some value of life calculations that, among other things, are explicit about the ratio of the price of a human life between developed and developing nations about 15 to 1. B Corp certification is distinct from the benefit corporation form of business that is legislated in many U.