7.3e - Elkington Flashcards
1
Q
Elkington’s triple bottom line definition
A
A model that assesses business performance based on profit, people and planet
2
Q
Triple bottom line reporting definition
A
When performance in each of the areas are assessed and reported back to stakeholders
3
Q
Advantages of Elkington’s theory:
A
- Encourages business to think beyond narrow measures of performance
- Encourages CSR reporting
- Supports measurement of environmental impact
4
Q
Disadvantages of Elkington’s theory:
A
- Not very useful as an overall measure
- Hard to reliably measure ‘people’ and ‘planet’
- No legal requirements to report it
