Volume : IV, Issue : V, May - 2014

The Concept of Triple Bottom Line Reporting and India�s Perspective

Akanksha Jain

Abstract :

 Corporate responsibility reporting has beenslowly and steadily evolving over the last 20 years, once seen as a moralobligation to society, is now been recognizedas a business imperative. Today, companies are increas – ingly demonstrating that CSR reporting provides financial value and drives innovation, reflecting the old adage of “what gets measured gets managed”. During the mid–1990s, John Elkington, to measure sustainability, phrased a new concept – called the Triple Bottom line (TBL). This concept went beyond the traditional measures of profits, return on investment, and shareholder value to include environmental and social dimensions. While Sustainability had always been a goal for businesses, nonprofit organizations and governments, yet measuring the degree to which an organization is being sustainable, or pursuing sustainable growth have proven to be quite difficult. Many frameworks were developed overtime in this respect these include Global Reporting Initiative (GRI), the AA1000 Assurance Standard, the Corporate Responsibility Assessment Tool (CRAT) etc. these frameworks aims at providing indicators and reports that equip companies to provide evaluations of their TBL performances as well as, the production of indexes for stakeholders to make evaluations of a company’s TBL. This study provides a comprehensive view of the concept ofTriple Bottom Lineand throws light on India Inc. with respect to TBL reporting

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Akanksha Jain The Concept of Triple Bottom Line Reporting and India¥s Perspective Indian Journal of Applied Research, Volume.4, Issue.5, May-2014


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