1)TRIPLE BOTTOM LINE:
Triple bottom line (or otherwise noted as TBL or 3BL) is an accounting framework with three parts: social,
environmental (or ecological)
and financial.
Many organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value.
The term was coined by John Elkington in 1994
In 1981, Freer Spreckley first articulated the triple bottom line in a publication called 'Social Audit - A Management Tool for Co-operative Working'. In this work, he argued that enterprises should measure and report on social, environmental and financial performance. The phrase "triple bottom line" was articulated more fully by John Elkington in his 1997 book Cannibals with Forks: the Triple Bottom Line of 21st Century Business.
A Triple Bottom Line Investing group advocating and publicizing these principles was founded in 1998 by Robert J. Rubinstein.
*A)USING ENVIRONMENT RELATED ASPECTS UNEVENLY CAUSES GLOBAL WARMING ETC
*B)IN THE PROCESS OF ECONOMIC GROWTH PRIVATISATION BULIDING PROJECTS AND MINING HARMFUL
*BOTH A & B EFFECT MORE ON SOCIETY
EXAMPLE-DISPLACEMENT ETC
2)Sustainability reporting
A sustainability report is an organizational report that gives information about economic, environmental, social and governance performance.
Sustainability reporting is not just report generation from collected data; instead it is a method to internalize and improve an organization’s commitment to sustainable development in a way that can be demonstrated to both internal and external stakeholders
1980 -these reports started
3)Genuine Savings-(GS)
The notion of genuine saving was presented , briefly and informally in Hamilton (1994) and Pearce(1996)
calculated by-world bank
the value of the net change in the whole range of assets that are important for development: produced assets, natural resources, environmental quality, human resources, and foreign assets
The Bank explains that genuine savings figures differ from standard national accounts calculations in that they:
a) deduct the value of depletion of natural resources (where forests, water and other assets are unsustainably managed);
b) deduct pollution damages, including lost welfare in the form of human sickness and health;
c) treat current expenditure on education (on books, teachers’ salaries, etc.) as saving rather than as consumption, as it increases countries’ human capital;
d) deduct net foreign borrowing and add net official transfers;
e) deduct the value of resource depletion
if the value i.e-GS is posItive LONG RUN SUSTAINABLITY, negative-SHORT RUN SUSTAINABLITY
4)GREEN ACCOUNTING
The term was first brought into common usage by economist and professor Peter Wood in the 1980s
It focuses on the depletion of scarce natural resources and measures the costs of environmental degradation along with its prevention.
While calculating national income environmental degradation and related aspects are taken into consideration
NNP=GNP-Dn(degradable natural resources)
5)Genuine progress indicator
The GPI indicator is based on the concept of sustainable income, presented by economist John Hicks (1948). The sustainable income is the amount a person or an economy can consume during one period without decreasing his or her consumption during the next period. In the same manner, GPI depicts the state of welfare in the society by taking into account the ability to maintain welfare on at least the same level in the future.
GPI is designed to take fuller account of the health of a nation's economy by incorporating environmental and social factors which are not measured by GDP
The Genuine Progress Indicator is measured by 26 indicators which can be divided into three main categories:
Economic-Income Inequality,Personal Consumption Expenditures,Cost of Underemployment
Environmental- Cost of Ozone Depletion,Loss of Wetlands ,Cost of Pollution(air,water etc)
Social-Cost of Crime,Cost of Family Changes,Cost of Commuting
The calculation of GPI presented in the simplified form is the following:
GPI = A + B - C - D + I
A is income weighted private consumption
B is value of non-market services generating welfare
C is private defensive cost of natural deterioration
D is cost of deterioration of nature and natural resources
I is increase in capital stock and balance of international trade
6)Sustainable Society Index(SSI)
The SSI is used for monitoring the progress of a country on its way to sustainability, for setting priorities with respect to sustainability, to make comparisons between countries, for education purposes and for further research and development.
The SSI has been developed by the Sustainable Society Foundation in order to provide the public at large as well as politicians and authorities, with a transparent and easy tool to measure how sustainable a society is. The SSI is based on the Brundtland definition and is built up by 24 indicators. These can be aggregated into 8 categories, the 3 well being dimensions and finally into one overall index.INDIA RANK-83,72,93 respectively.
7)Environmental Vulnerability Index:
The Environmental Vulnerability Index (EVI) is a measurement devised by the South Pacific Applied Geoscience Commission (SOPAC), the United Nations Environment Program and others to characterize the relative severity of various types of environmental issues suffered by 243 enumerated individual nations and other geographies (such as Antarctica).
ARTICLE WILL BE UPDATED
Triple bottom line (or otherwise noted as TBL or 3BL) is an accounting framework with three parts: social,
environmental (or ecological)
and financial.
Many organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value.
The term was coined by John Elkington in 1994
In 1981, Freer Spreckley first articulated the triple bottom line in a publication called 'Social Audit - A Management Tool for Co-operative Working'. In this work, he argued that enterprises should measure and report on social, environmental and financial performance. The phrase "triple bottom line" was articulated more fully by John Elkington in his 1997 book Cannibals with Forks: the Triple Bottom Line of 21st Century Business.
A Triple Bottom Line Investing group advocating and publicizing these principles was founded in 1998 by Robert J. Rubinstein.
*A)USING ENVIRONMENT RELATED ASPECTS UNEVENLY CAUSES GLOBAL WARMING ETC
*B)IN THE PROCESS OF ECONOMIC GROWTH PRIVATISATION BULIDING PROJECTS AND MINING HARMFUL
*BOTH A & B EFFECT MORE ON SOCIETY
EXAMPLE-DISPLACEMENT ETC
2)Sustainability reporting
A sustainability report is an organizational report that gives information about economic, environmental, social and governance performance.
Sustainability reporting is not just report generation from collected data; instead it is a method to internalize and improve an organization’s commitment to sustainable development in a way that can be demonstrated to both internal and external stakeholders
1980 -these reports started
3)Genuine Savings-(GS)
The notion of genuine saving was presented , briefly and informally in Hamilton (1994) and Pearce(1996)
calculated by-world bank
the value of the net change in the whole range of assets that are important for development: produced assets, natural resources, environmental quality, human resources, and foreign assets
The Bank explains that genuine savings figures differ from standard national accounts calculations in that they:
a) deduct the value of depletion of natural resources (where forests, water and other assets are unsustainably managed);
b) deduct pollution damages, including lost welfare in the form of human sickness and health;
c) treat current expenditure on education (on books, teachers’ salaries, etc.) as saving rather than as consumption, as it increases countries’ human capital;
d) deduct net foreign borrowing and add net official transfers;
e) deduct the value of resource depletion
if the value i.e-GS is posItive LONG RUN SUSTAINABLITY, negative-SHORT RUN SUSTAINABLITY
4)GREEN ACCOUNTING
The term was first brought into common usage by economist and professor Peter Wood in the 1980s
It focuses on the depletion of scarce natural resources and measures the costs of environmental degradation along with its prevention.
While calculating national income environmental degradation and related aspects are taken into consideration
NNP=GNP-Dn(degradable natural resources)
5)Genuine progress indicator
The GPI indicator is based on the concept of sustainable income, presented by economist John Hicks (1948). The sustainable income is the amount a person or an economy can consume during one period without decreasing his or her consumption during the next period. In the same manner, GPI depicts the state of welfare in the society by taking into account the ability to maintain welfare on at least the same level in the future.
GPI is designed to take fuller account of the health of a nation's economy by incorporating environmental and social factors which are not measured by GDP
The Genuine Progress Indicator is measured by 26 indicators which can be divided into three main categories:
Economic-Income Inequality,Personal Consumption Expenditures,Cost of Underemployment
Environmental- Cost of Ozone Depletion,Loss of Wetlands ,Cost of Pollution(air,water etc)
Social-Cost of Crime,Cost of Family Changes,Cost of Commuting
The calculation of GPI presented in the simplified form is the following:
GPI = A + B - C - D + I
A is income weighted private consumption
B is value of non-market services generating welfare
C is private defensive cost of natural deterioration
D is cost of deterioration of nature and natural resources
I is increase in capital stock and balance of international trade
6)Sustainable Society Index(SSI)
The SSI is used for monitoring the progress of a country on its way to sustainability, for setting priorities with respect to sustainability, to make comparisons between countries, for education purposes and for further research and development.
The SSI has been developed by the Sustainable Society Foundation in order to provide the public at large as well as politicians and authorities, with a transparent and easy tool to measure how sustainable a society is. The SSI is based on the Brundtland definition and is built up by 24 indicators. These can be aggregated into 8 categories, the 3 well being dimensions and finally into one overall index.INDIA RANK-83,72,93 respectively.
The Environmental Vulnerability Index (EVI) is a measurement devised by the South Pacific Applied Geoscience Commission (SOPAC), the United Nations Environment Program and others to characterize the relative severity of various types of environmental issues suffered by 243 enumerated individual nations and other geographies (such as Antarctica).
The results of the EVI are used to focus on planned solutions to negative pressures on the environment, whilst promoting sustainability.
Environmental Vulnerability Index it requires the compilation of relevant environmental vulnerability data for the 50 indicators. Once compiled then this data must be used to calculate each indicator.
INDIA IS -EXTREMELY VULNERABLE
8)Natural capital stock
The term 'natural capital' was first used in 1973 by E.F. Schumacher in his book Small Is Beautiful
According to the OECD, natural capital is “natural assets in their role of providing natural resource inputs and environmental services for economic production” and is “generally considered to comprise three principal categories: natural resources stocks, land, and ecosystems.
9)Sustainable Value
Sustainable value is a way of managing and measuring sustainability performance. The concept was developed by researchers who are working today for Euromed Management School (Marseille/France) and the IZT - Institute for Futures Studies and Technology Assessment (Berlin/Germany).
To date Sustainable Value is primarily used to assess corporate sustainability performance.
10)Environmental Sustainability Index:
The ESI was published between 1999 to 2005 by Yale University's Center for Environmental Law and Policy in collaboration with Columbia University's Center for International Earth Science Information Network (CIESIN), and the World Economic Forum.
The Environmental Sustainability Index (ESI) was a composite index that tracked 21 elements of environmental sustainability covering natural resource endowments, past and present pollution levels, environmental management efforts, to protection of the global commons, and a society's capacity to improve its environmental performance over time.
2014-INDIA RANKED-155ARTICLE WILL BE UPDATED
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