Triple Bottom Line

1286 Words Sep 30th, 2015 6 Pages
Triple Bottom Line

Over the Past 30 years many steps have been taken to further understand, and develop our sustainability and the impact it has on us, our communities, economy, social lives and future. As our understanding and knowledge continues to grow, we continue to see just how important and closely tied our environment is to us. There have been policies made by governments all around the world in order to achieve a sustainable living style, as well as many smaller organizations in comparison to larger meetings by world governments to come up with ideas such as the Kyoto protocol. One such concept that has arisen is the “Triple Bottom Line” which is considered an accounting frame work that takes into consideration Social, environmental and financial aspects, an idea that has been hindering development, due to the previous belief that there was an inability to be able to meet all three aspects, without compromising another, stopping sustainable development.
Sustainable development: It was first defined in the (Brundtland commission) report in 1987, chaired by Norway’s former prime minister Gro Harlem Brundtland, that sustainable development was “development which meets the needs of current generation without compromising the ability of future generations to meet their own needs”. A large struggle in the past decade is trying to balance out becoming environmentally sustainable while continuing to be economically sustainable. John Elkington, was one individual that…

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