Triple Bottom Line Accounting for Sustainable Corporate Reporting

Abstract

This research focuses on embedding TBL (Triple Bottom Line) Accounting in the context of sustainable reporting. It combines literature review with case studies on companies which implemented TBL, hence follows a mixed methods design. The findings confirm that not only does TBL enhances each of the three constituents, i.e., environment, society, and economy, their performance, accountability, and openness as well. TBL encourages more stakeholder participation while ensuring the reporting is aligned with the goals of sustainability, thereby creating long-term value. The study highlights the competitive importance of adopting TBL for companies that wish to adapt to new legislative requirements, increase the corporate social responsiveness, and facilitate better overall management and reporting for sustainable development.