Date: 2024-12-21 Page is: DBtxt003.php txt00019191
Triple Bottom Line (TBL)
What is Triple Bottom Line (TBL) Accounting
Triple Bottom Line (TBL) Certification ... Toward a common standard for measuring and reporting impact
Peter Burgess
Venn Diagram connecting images of society, environment, and economy
In traditional accounting, there is a single “bottom line,” an economic or financial one. Triple Bottom Line accounting broadens the scope of accounting to include social and environmental impacts as well. TBL accounting assesses the performance of organizations in terms of their impacts on all vital resources, not just one of them.
The three “bottom lines” in TBL accounting are:
- Environmental — nature capitals
- Economic — economic capitals)
- Social — human, social, relationship, and constructed capitals
What is the Certified TBL Accounting Standard?
Certified Triple Bottom Line logo
The world’s first and only certification for TBL accounting, Certified TBL is grounded in best practices and international standards. The Certified TBL credential recognizes and rewards organizations that systematically measure, manage, and report their performance in rigorous, context-based terms. It is a supplement to many existing reporting schemes and requirements, signifying that an organization is competently and completely measuring their impact across environmental, social, and economic capitals.
Certified TBL is based on the belief that while outcomes matter, authentic measurement must come first. The TBL Standard is being developed through a process of multi-stakeholder collaboration and feedback, incorporating the interests of key stakeholders. For organizations committed to measuring all of what matters with discipline and authenticity, Certified TBL offers both a method and a credential.
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Resources Our partners at Center for Sustainable Organizations have assembled a collection of literature and resources related to Triple Bottom Line accounting and context-based reporting. cover of book: the multicapital scorecard Certified TBL Resources The MultiCapital Scorecard “Only the second revolution in accounting since double-entry bookkeeping began, [multiple capital accounting] is of seismic proportions … The changes it will wreak are profound and far-reaching… Partners SAI Logo Center for sustainable organizations logo Related Programs photo of man in forklift in factory SA8000® Standard SA8000® Standard About SA8000 The SA8000 Standard is the world’s leading social certification program. It… photo of women sitting on grass talking Living Wage Living Wage A living wage meets a worker’s basic needs to maintain a safe, decent… photo of machinery surrounded by palm trees Palma Futuro Toward an ethical global palm oil industry Palma Futuro aims to build up robust social… Footer Subscribe to the SAI Newsletter Sign up to receive updates on SAI programs and events to your inbox. Sign Up Top Links SA8000 Standard SAI Training Living Wage Social Fingerprint TenSquared External Links SAI Training Center Social Accountability Accreditation Services (SAAS) SAI Database Welcome to our new website! We hope you like it. But if you can’t find something you need, if something looks broken, or if you notice any way we could improve the site, please let us know! Share Feedback Copyright © 2020 · Social Accountability International Home SAI Privacy Policy SAI Terms of Service Forms 990 SAI Logo Policies