Editing Triple bottom line (section)

{{Short description|Accounting framework}}
[[File:Triple Bottom Line graphic.svg|thumb|375px|Graphic describing the three types of bottom lines]]
The '''triple bottom line''' (or otherwise noted as '''TBL''' or '''3BL''') is an [[accounting]] framework with three parts: social, environmental (or ecological) and economic. Some organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value.<ref name=IBR>Slaper, Timothy F. and Hall, Tanya J. (2011). [http://www.ibrc.indiana.edu/ibr/2011/spring/article2.html "The Triple Bottom Line: What Is It and How Does It Work?"] ''Indiana Business Review''. Spring 2011, Volume 86, No. 1.</ref> Business writer [[John Elkington (business author)|John Elkington]] claims to have coined the phrase in 1994.<ref name="recall">{{cite journal |last1=Elkington |first1=John |author-link=John Elkington (business author) |title=25 Years Ago I Coined the Phrase "Triple Bottom Line." Here's Why It's Time to Rethink It |url=https://hbr.org/2018/06/25-years-ago-i-coined-the-phrase-triple-bottom-line-heres-why-im-giving-up-on-it |journal=Harvard Business Review |access-date=25 November 2023 |date=June 25, 2018 |lang=en |archive-date=22 March 2023|archive-url=https://web.archive.org/web/20230322134319/https://hbr.org/2018/06/25-years-ago-i-coined-the-phrase-triple-bottom-line-heres-why-im-giving-up-on-it}}</ref><ref name="elkington">{{cite news |title=Triple Bottom Line|url=http://www.economist.com/node/14301663|access-date=August 14, 2014|newspaper=The Economist |date=November 17, 2009}}</ref>