- integrated bottom line
- integrated bottom line
A process, described by Theo Furgusson, for integrating financial,
environmental, and social costs and benefits into a unified measure of business
activity. Conventional objectives of profitability, competitive advantage,
efficiency, and economic growth are judged successful by their compatibility
with biodiversity, ecological sustainability, equity, community support, and
maximized well-being for a variety of stakeholders.
An Integrated bottom line differs from a Triple bottom line in that all
measures are combined into one balance sheet and income statement (instead of
separated in three, different ones).
For example, short-term, sustainable resource use is encouraged to maximize
efficiency because it is factored into accounts payable. Ecosystem restoration
is entered as long-term debt. Market forces are tempered by distribution equity
and social forces are elevated through premiums placed on human capital.
Business plans can be redesigned so that qualitative outcomes have equal or
greater measure to quantitative goals.
source: http://www.sustainabilitydictionary.com/
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