Triple Bottom Line

Following the financial concept of the "bottom line" (profit), John Elkington developed the concept of the "triple bottom line" (profit, people, planet) in 1994.

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Definition:

Triple Bottom Line

Definition:

Triple Bottom Line

Following the financial concept of the "bottom line," John Elkington developed the concept of the "triple bottom line" (profit, people, planet) in 1994, which calls on companies to measure their non-financial results, such as social and environmental impacts, in addition to their financial results.

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Materiality

The principle of materiality originates from Anglo-American accounting. It states that all material facts must be disclosed in the annual financial statements because they have an impact on the annual result due to their magnitude.

Freshwater and non-freshwater

The distinction between freshwater and non-freshwater is of great importance for sustainability, as freshwater is crucial for most human activities, including agriculture, industry, and drinking water supply. Non-freshwater sources such as saltwater, brackish water, and wastewater can only be treated into drinking water through complex processes, which require significant energy and resources.

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Triple Bottom Line

Definition:

Triple Bottom Line

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Materiality

Freshwater and non-freshwater

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