ADMS 1000 Lecture 11: Chapter 11

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: PeterModir

Document Summary

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs. (supports long-term ecological balance) The definition can be broken down into three parts: Development - to progress the economy and society. Traditionally, growing the economy and protecting the environment were looked at as two separate goals, often conflicting with one another. Business leaders now recognize that society, the economy, and the environment are interrelated systems that have an important impact on one another. In a general sense, sustainability involved the relationship between the three p"s (people, profit, and the planet) or can also be referred to as the three e"s (social equity, the economy, and the. This accounting framework is the triple bottom line. Triple bottom line (tbl): an accounting framework that can be voluntarily used by organizations to report performance on social, economic, and environmental results for a project or reporting period.