These aspects are “the general types of information that are related to a specific indicator category, e.g., energy use, child labour, customers” (GRI, 2008) and will be used as a proxy for the data gathering in this research.
This study aims to describe how TBL approach has had been taking into account regarding the firm’s performance measurement.
In the sequence, we show the main results and analyses that were carried out and the paper ends with the conclusions and recommendations.
Possibly the most known definition related to this theme is the Brundtland Commission’s, that states that sustainable development “meets the needs of the present without compromising the ability of future generations to meet their own needs” (World Commission on Environment and Development, 1987).
The findings suggest how to measure sustainable performance for industrial companies and highlight the differences in the degree of use for the three dimensions of TBL. (2018), "Triple bottom line and sustainable performance measurement in industrial companies", Revista de Gestão, Vol. Once it has become clear the need for a paradigm shift towards a sustainable performance measurement, a new way to define organisation’s sustainable performance has advanced, the triple bottom line (TBL) approach (Elkington, 1998; Harris , 2001; Pava, 2007; Norman and Mc Donald, 2004; Colbert and Kurucz, 2007).
Triple Bottom Line Research Papers The Thesis Statement Usually Appears In The Introductory Paragraph
This set of indicators is intended to be used by industrial companies as a reliable instrument to sustainable performance assessment of the current stage of the TBL deployment and provide alternative approaches to address specific issues related to the environmental, social and economic sustainability. The TBL adds both social and environmental dimensions to the traditional economic results to measure a firm’s performance from a sustainable perspective.
In some sense, performance measurement has been noticed as a fundamental key to the managerial control process in any business (Olson and Slater, 2002).
One point of departure for measuring organisation’s – whether sustainability-oriented or not – performance is the use of indicators.
Despite its importance, there have been some difficulty and controversy in defining what sustainability is (Lélé, 1991; Doppelt, 2008), especially on how to translate it into business frameworks and practices.
Possibly, due to its complexity, organisational sustainability is most known as represented by the “TBL”.