The Importance of Triple Bottom Line in Today’s World
Imagine that your company has taken significant strides towards adopting triple bottom line (TBL) as a business model. Reflect on the importance of TBL in today’s world.
Draft an executive summary on why TBL is being adopted by companies as an ethical framework — a way of assuring sustainable and ethical commitments to CSR initiatives. Address the following criteria in the executive summary. Identify the advantages and disadvantages of adopting the TBL model. Summarize what a company may gain from adopting the TBL model. Analyze how a balanced scorecard can assist a company in measuring its TBL performance.