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Which of the following is not an element of triple bottom line reporting?Group of answer choicesEconomic performanceEthical performanceSocial performanceEnvironmental performa

Question

Which of the following is not an element of triple bottom line reporting?Group of answer choicesEconomic performanceEthical performanceSocial performanceEnvironmental performa

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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 components: 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".

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The underlying concept of triple bottom line reporting is in line with:Group of answer choicesstakeholder theory.stewardship theory.shareholder value.agency theory.

The triple bottom line evaluates the firm against economic, social and environmental criteria.Group of answer choicesTrueFalse

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