TRIPLE BOTTOM LINE
CSR is generally understood as being the way through which a company achieves a balance of economic, environmental and social imperatives (“Triple-Bottom-Line- Approach”) while at the same time addressing the expectations of shareholders and stakeholders.
The Triple-Bottom-Line Approach most commonly referred as to TBL is a framework that strives to measure sustainability evaluating the performance of profit and non-profit organizations.
Generally, the TBL is measured through an index that is very adaptable to different needs of entities. Additionally, the TBL could be project specific allowing for a broad scope and measuring the impact of the project at large or small boundaries.
The three types of variables could generally be viewed as follows:
|Economic Measurements||Environmental Measurements||Social Measurements|
|Personal income||Sulfur dioxide concentration||Unemployment rate|
|Cost of underemployment||Concentration of nitrogen oxide||Female labor force participation rate|
|Establishment churn||Selected priority pollutants||Median household income|
|Job growth||Excessive nutrients||Relative property|
|Employment distribution by sector||Electricity consumption||Percentage of pollution with a post-secondary degree of certificate|
|Percentage of firms in each sector||Fossil fuel consumption||Average commute time|
|Revenue by sector contributing to gross state product||Solid waste management||Violent crimes per capita|
|Hazardous waste management||Health-adjusted life expectancy|