Triple Bottom Line
The term triple bottom line captures an expanded spectrum of values and criteria for measuring organizational (and societal) success - economic, environmental and social.
In practical terms, "triple bottom line accounting" usually means expanding the traditional company reporting framework to take into account not just financial outcomes but also environmental and social performance. Triple bottom line requires that a business be clear about its purpose and consider the needs of all of its constituents including shareholders, customers, employees, suppliers, governments, local communities and the public.
At McWilliams Financial Group, we offer clients assistance with both traditional company reporting framework as well as the more comprehensive reporting framework of triple bottom line. We believe that businesses that embrace and strive toward a triple bottom line measurement of its operations will be rewarded by its constituents including shareholders, customers, employees etc., as well as with an improved bottom line.