ACCA Applied Knowledge · Business and Technology · Sustainable business practices
Tamsin Co, a clothing manufacturer, reports on its profit, its impact on employees and communities, and its environmental footprint. Which concept is Tamsin Co applying?
Tamsin Co is applying triple bottom line reporting. This approach measures performance across economic (profit), social (people) and environmental (planet) dimensions, rather than financial results alone. The balanced scorecard uses different perspectives, so it does not fit the description.
- ATriple bottom line reportingCorrect
- BBalanced scorecard measurement
- CValue chain analysis
- DPorter's generic strategy
Explanation
The triple bottom line (Elkington) assesses performance on three dimensions: profit, people and planet. The balanced scorecard covers financial, customer, internal process and learning perspectives, so it does not match the three dimensions described.
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