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Social and environmental issues

2.4 Triple bottom line accounting/TBL

TBL accounting – expands the traditional company reporting framework to take into
account environmental and social performance in addition to financial (economic)
performance.

The concept is also explained using the triple 'P' headings of

 People – expands the concept of stakeholder interests to all affected groups

 Planet – are company environmental practices sustainable or not

 Profit – balancing the profit objective with the other two elements

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