Which of the following is not an element of triple bottom line reporting?Group of answer choicesEthical performanceEconomic performanceEnvironmental performanceSocial performance
Question
Which of the following is not an element of triple bottom line reporting?Group of answer choicesEthical performanceEconomic performanceEnvironmental performanceSocial performance
Solution
The element that is not part of the triple bottom line reporting is Ethical performance. The triple bottom line concept developed by John Elkington has three parts: social, environmental (or ecological) and financial. These three divisions are also called the three Ps: people, planet and profit, or the "three pillars of sustainability".
Similar Questions
Triple bottom line reporting is when entities report on theirsocial performanceall of the options listedfinancial performanceenvironmental performance
Identify the incorrect statement in relation to the triple bottom line concept from the below a. The Triple Bottom Line can be used as a decision-making framework on measuring and controlling a company’s sustainable performance b. The triple bottom line broadly encompasses the 3 dimensions of people, planet and partnerships c. Triple Bottom Line is a planning and reporting system d. The Triple Bottom Line was initially developed as a framework for measuring and reporting corporate performance
Companies should report in the triple context. Which of the following is not part of this kind of reporting?a.Economic performanceb.Comparative performancec.Environmental performanced.Social performance
The underlying concept of triple bottom line reporting is in line with:Group of answer choicesstakeholder theory.stewardship theory.shareholder value.agency theory.
Reporting that provides information about the economic, environmental and social performance of an entity is known as as triple-bottom-line reporting.ATrueBFalseSUBMIT
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