ADMN 1000H Chapter Notes - Chapter 11: Triple Bottom Line, Sustainable Development, Business Ethics

• School: Trent University
• Department: Business Administration
• Course: ADMN 1000H
• Professor: Maher Galayini

Document Summary

Sustainable development development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Can be broken down into three parts: development to progress the economy and society, sustainability to sustain resources, people current and future generations. 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. Sustainable development can be viewed as a long-term approach to social equity, the economy, and the environment) This has become an accounting framework called the triple bottom line balancing the needs of people, while growing the economy and preserving the environment. In a general sense, sustainability involves the relationship between with the three ps: people, profits, and the planet (also referred to as the three e"s: Economic factors: revenue by sector, research and development costs, taxes paid.