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What The 3Ps Of The Triple Bottom Line Really Mean
7 Companies Proving Triple Bottom Line Is Possible | Earth
A triple bottom is a bullish chart pattern used in technical analysis that's characterized by three equal lows followed by a breakout above the resistance level. The triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market. While the first bottom could simply be normal price movement, the second bottom is indicative of the bulls gaining momentum and preparing for a possible reversal. The third bottom indicates that there's strong support in place and bears may capitulate when the price breaks through resistance levels. There are a few rules that are commonly used to qualify triple bottoms:. The price target for a double bottom reversal is typically the distance between the lows and the breakout point added to the breakout point. The triple bottom is similar to the double bottom chart pattern and may also look like ascending or descending triangles.
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Triple Bottom Line Concept
The triple bottom line is a form of reporting that takes into account the social and environmental impact of a business in addition to its financial performance. For some companies it is a way of demonstrating their strategy for sustainable growth. Triple Bottom Line TBL is an accounting theory that accounts for three areas of performance, which are social, environmental, and financial aspects of performance. The TBL approach introduces new elements such as social and ecological or environmental measures, which are difficult to define with a specific form of measurement. Generally, the TBL elements are the 3Ps that consist of people, planet, and profits.
Triple bottom line TBL , in economics, believes that companies should commit to focusing as much on social and environmental concerns as they do on profits. TBL theory posits that instead of one bottom line, there should be three: profit, people, and the planet. A TBL seeks to gauge a corporation's level of commitment to corporate social responsibility and its impact on the environment over time. In , John Elkington—the famed British management consultant and sustainability guru—coined the phrase "triple bottom line" as his way of measuring performance in corporate America.