Introduction Traditionally, financial reporting discloses only financial information to determine

Business sustainability has been concerned with the ensuring that organizations can implement various strategies that would contribute to the long term success of the business. Organizations that could act in a sustainable manner do not only create businesses that will live and survive for a long period of time, it will also maintain the well-being of the people and the planet as well. Leading companies are pretty much aware that their successful performance regarding sustainability is one of the key factors in their success. Investors are also interested to companies that promote sustainability with a focus on long term profitability as well as competitive advantage.

Hence TBL approach considers firm's sustainability in social community, environment and business. Triple buttons line reporting makes business judgements and actions more clear and allows

According to the textbook, the triple bottom line is known as the people, planet and profit that measures an organization’s social, environmental and financial performance. The Chief Financial Officer at UPS stated that his approach is established in two beliefs “that companies have a responsibility to contribute to society and the environment, and that every investment a company makes should return value to the business.” The company has a responsibility to help the society and concern about the environment with the objective of gaining profit. UPS has established a five-step approach toward sustainability that will balance the needs of various elements. Therefore, one is too assessing your strengths, which will offer to make a major effect

TBL is a sustainable model for business that balances financial success, community participation together with ecological sustainability. The firm which employs triple bottom line towards capturing the set significances, processes as well as issues of the company might decrease and determine whichever harms resulting from company’s operations then create economic, social as well as environmental values of that the company. The model typically outlines that everything is supposed to taken into account that needs of the company 's shareholders, employees, stakeholders, governments, clients, business partners, local communities together with the entire public. Reporting through Triple bottom line (TBL) is currently turning out to be more ordinarily used across several sectors within

Melting glaciers, depleting water resources and decreasing air quality needs immediate attention. Everyone needs air and water to survive. Business started practicing sustainable accounting in mid-70. This practice discloses non-financial and financial information related to the business activities that has direct impact on society and its environment (air, water, people etc.). Companies use triple bottom line method to calculate the impact of business activities on society and based on these calculation companies makes policies which make its operation more ecologically and socially

Excello Telecommunications was presented with a dilemma on how the company should report earnings so that they would appear to have met earning estimates for the 2010 financial year. The CFO, Terry Reed, was concerned with how failure to meet earning estimates would affect bonuses, stock options, and the share price of Excello stock. On December 201, 2010, the company sold $1.2 million of equipment to Data Equipment Systems. However, Data Equipment Systems requested that Excello hold on to the product until January 11, 2011, because they do not have the

The triple bottom line or TBL is an accounting framework that was created by John Elkington for measuring the company’s sustainability in the mid-1900s (Slaper & Hall, n.d). The triple bottom line incorporates the three dimensions of company which are people, planet, and profit or they were called 3P (Investopedia, 2015). First, people is about measuring the company’s degree of social responsibility, the second is planet, which measures the company’s environmental responsibility, and the last one is profit that measures company’s economic value (The Economist, 2009).

This report provides an analysis and evaluation of Sustainability Report for financial year (FY) 2013 of three Australian leading list energy companies: Santos, AGL and Origin. These three firms will be taken into the comparison by analyzing four different aspects of how they disclose in their Sustainability Report.

TBL is a sustainable model for business that balances financial success, community participation together with ecological sustainability. The firm which employs triple bottom line towards capturing the set significances, processes as well as issues of the company might decrease and determine whichever harms resulting from company’s operations then create economic, social as well as environmental values of that the company. The model typically outlines that everything is supposed to taken into account that needs of the company 's shareholders, employees, stakeholders, governments, clients, business partners, local communities together with the entire public. Reporting through Triple bottom line (TBL) is currently turning

Thus, a sustainability report should provide a balanced and reasonable representation of the sustainability performance of a reporting organization – including both positive and negative contributions. CLP Chairman and CEO statement address this issue in a way that CLP have already proved to be a sustainable business. However, the needs and expectations of their stakeholders are evolving more quickly than before. The result is that CLP needs to anticipate, adapt and act more quickly and effectively than ever if they are to sustain their business.

Reporting and disclosure: Measurement and control are at the heart of initiating reasonable practices. Not only can associations gather and group the data, they can likewise be altogether straightforward with outsiders. The Global Reporting Initiative is one of numerous samples of very much perceived reporting models;

Beginning with the triple bottom line approach, we see this phenomenon discards the notion of top-line revenue/bottom-line profit and loss, we see companies are responsible for three bottom lines: people, planet and profit. Triple bottom line companies are responsibly sustainable; they benefit the communities, facilitate the development of better products and services, and contribute to society. The question now becomes why not every company is adjusting their business model to the triple bottom line. Companies like Patagonia are onboard with this idea and they have been very profitable and highly regarded on Wall Street.

Companies with different sizes and structures understand that having sustainable operations is extremely important and they do so by balancing the 3 dimensions of the TBL concept. Environmental sustainability is related to the reduction of the footprint left by the company on the environment. Social sustainability shifts the focus to both internal communities (i.e., employees) and external ones (Pullman et al., 2009). In order to enhance their social reputation companies engage in Corporate Social Responsibility (CSR) (Fombrun, 2005). Corporate Social Responsibility requires companies to acknowledge that they should be publicly accountable not only for their financial performance but also for their social and environmental record (CBI, 2001) and, by relating the TBL concept to CSR, it can be suggested that companies not only need to engage in socially and environmentally responsible behaviour, but, also, that positive financial gains can be made in the process (Gimenez et al, 2012).

Elsewhere, the introduction of the new IR framework by the IIRC (International Integrated Reporting Council) has been suggested to be a paradigm shift in the way corporations report their activities to stakeholders (Klettner, Clarke & Boersma 2014; Soderstrom 2013). Until now, business reports primarily focused on TBL (Triple-Bottom Line) reporting of economic, social and environmental impacts (Adams 2013). While some corporations have demonstrated a willingness to achieve higher standards of performance in corporate sustainability in line with international frameworks (such as the GRI), rarely do they produce reports which provide information on social and environmental issues to the same extent and quality as that of financial information (Boersma 2013;

The harmful effects and environmental problems resulting from impact of economic growth have increased concerns of environmentalists, shareholders, governmental bodies and society about environmental issues. Pressures from a variety of sources have come to bear on the companies to accept responsibility for impacts on society from business activities (Hackston and Milne, 1996). Companies are being urged to become accountable to a wider audience than shareholder and creditor groups (Hackston and Milne, 1996). Financial objectives are no longer the only important variables to firms; in addition to the owners’ economic aims, the interests of employees, customers and the public at large have increasingly been recognized over the years (Kolk, 1999). As indicated by Kolk (1999), the notion of “stakeholders” has emerged to complement the concept of “shareholders”. Due to these developments, companies have been attempting to seriously take into account their environmental and social impacts and to provide information about their environmental performance (Unerman et al., 2014; Dixon et al., 2005; Monteiro & Guzmán, 2010). Many companies have developed environmental management systems and increasingly adopted environmental reporting within the annual report (Deegan and Gordon, 1996; Gray et al., 1995a; Guthrie and Parker, 1990).