Reports triple bottom line

In spite of the inclusion of the environmental report in the annual report Triple bottom line little attempt has been made to link environmental and economic performance, and there is no discussion on social responsibility. 

Triple bottom line (TBL) refers to expanding the traditional business-reporting framework to take into account environmental and social performance in addition to financial performance. The TBL concept postulates that a company s responsibility is to stakeholders rather than shareholders. In this case, stakeholders refers to anyone who is influenced, either directly or indirectly, by the actions of the firm. 

More recently, the concept of sustainability has been captured within the framework of the Triple Bottom Line, which companies seek to address in order to minimize harm resulting from their activities and to create economic, social, and environmental value. The Global Reporting Initiative (GRI) is one effort to develop a triple-bottom-line reporting framework. 

We wrote our inaugural triple-bottom-line report to satisfy the needs of the broadest audience possible. Industry jargon was replaced with common words and terms. And for the more knowledgeable stakeholder we provided a substantial amount of facts and documentation. Finally, to ensure ease of use, our report begins with a brief How to Use This Report section. 

Initial Observation Reporting Making Progress, But Major Challenges Remain. Although almost 60 percent are reporting, or plan to, only 37 percent of the respondents indicated they use triple bottom line metrics to report on sustainability, which raises a question of how the reports can effectively capture basic sustainability information. 

As companies become increasingly aware of the external scrutiny of their operations, there will be more discussion in annual reports of environmental, social and ethical issues. For companies and organisations wishing to project a strong environmental image, the ultimate objective is a move to the so-called triple bottom line reporting concept. The UNEP provides a definition for this in its long-term plan ... 

Examples in UK are Cadbury, Hampel and Turnbull reports Refer to ICAEW in section 1.3 Triple bottom line reporting... 

Although economics, social responsibility and the environment are all dis- Triple bottom line cussed to some degree in the annual report, a no score has been awarded because of the absence of a positive link. This aspect is not discussed in the CER. 

While the report emphasises BASF s commitment to sustainable develop- Triple bottom line NO... 

The report does not make any strong link between the three elements of the triple bottom line. 

While issues around sustainability are discussed, the CER concentrates on Triple bottom line environmental performance and fails to make a strong link with economic and social factors. The annual report starts to explore this link, but it is not considered strong enough and a no score has been awarded. 

Requiring reporting of OHS and enviromnental performance to the stock exchange by listed companies (the triple or quadruple bottom line) is another step. 

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