ACCA Applied Knowledge · Business and Technology · Environmental and sustainability factors
The 'triple bottom line' approach to reporting performance assesses an organisation against which three measures?
The triple bottom line measures performance on profit, people and planet: economic, social and environmental results. It widens reporting beyond financial profit so that organisations are judged on their impact on society and the environment as well as on their earnings.
- AProfit, people and planetCorrect
- BPrice, product and promotion
- CRevenue, cost and profit
- DStrategy, structure and systems
Explanation
The triple bottom line, associated with Elkington, extends performance measurement beyond financial profit to social (people) and environmental (planet) performance. The other options are the marketing mix, basic financial measures and management framework elements.
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