Two Detailed Paragraphs Please Explain Triple Bottom Line Balanced Score Card Q34237841

In two detailed paragraphs please explain the triple bottom lineand the balanced score-card

Expert Answer

TRIPLE BOTTOM LINE

TBL is the performance evaluation tool used in accounting inwhich the organisation can assess its performance in the give threeareas of environmental, social and financial. It helps the firms tocreate higher business value while assessing their performance in abroader way.

The Triple bottom line contains three factors which determinethe sustainability of a firm. These are:

Social (People): In this bottom line, the firmconducts its business in such a way that does not harm and benefitsthe people it involves. This includes employees, labour, supplier,customer etc. It creates