Triple Bottom Line Reporting: An Innovative Accounting Initiative

Dutta, Sumanta. et.al. (2011). “Triple Bottom Line Reporting: an innovative accounting initiative”, International Journal on Business, Strategy and Management, Vol.1, No.1, pp-1-13

13 Pages Posted: 21 Jan 2013 Last revised: 4 Mar 2013

See all articles by Dr.Sumanta Dutta

Dr.Sumanta Dutta

St. Xavier's College (Autonomous) - PG Department of Commerce

Date Written: June 10, 2011

Abstract

Corporate Sustainability is of utmost important for the survival of organizations and their future generations’ stakeholders. To cope up with the globalized challenges, corporate all around the globe wants to consider applying a corporate sustainability plan by addressing their “Triple Bottom Line Reporting” which includes paying close attention to their economic (financial factors), environmental (risk and requirement factors) and social (human factors) issues. Hence, Triple Bottom Line Reporting (TBLR) is considered to be a sine qua non for corporate growth on a sustained basis. The most vital challenge confronting by the Indian corporate houses while adopting Triple Bottom Line Reporting (TBLR) approach in their corporate agenda. However, it is possible for the corporate by taking affirmative action towards people (society), environment, and profit respectively. Hence TBL emerged as a new tool for measuring organizational performance. Triple Bottom Line Reporting (TBLR) goes beyond the traditional way of reporting mechanism and encourages businesses to give closer attention to the whole impact of their commercial activities, over &above their financial performance.

Present study is an attempt to highlight how the TBLR implementation is taking place in India in that direction with special reference GRI initiative as well as Karmayog.

Keywords: Triple Bottom Line Reporting, Karmayog, Sustainability Reporting, Transparency, and Corporate Social Responsibility

JEL Classification: M00, M14

Suggested Citation

Dutta, Dr.Sumanta, Triple Bottom Line Reporting: An Innovative Accounting Initiative (June 10, 2011). Dutta, Sumanta. et.al. (2011). “Triple Bottom Line Reporting: an innovative accounting initiative”, International Journal on Business, Strategy and Management, Vol.1, No.1, pp-1-13 , Available at SSRN: https://ssrn.com/abstract=1998716

Dr.Sumanta Dutta (Contact Author)

St. Xavier's College (Autonomous) - PG Department of Commerce ( email )

Kolkata, 700016
India

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