Traditionally, the term ‘bottom line’ referred to profit. Simply put, businesses prioritised their bottom line a critical aspect of decision making.
The Triple Bottom Line is a sustainability framework that builds on this concept and recognises that while it is important to measure economic outcomes, it is equally as important to measure social and environmental elements when accounting for the true cost of something.
The bottom line of Economic Sustainability requires measuring the impacts and advantages for the local economic environment and facilitating opportunities for responsible, sustainable growth. Including, but not limited to:
up front and ongoing costs
risks and liability
long term financial planning
supporting local economy
The bottom line of Social Sustainability requires consideration of social impacts and advantages for the local community and facilitating opportunities for responsible, sustainable growth. Including, but not limited to:
access and equity
culture and heritage
provision of community facilities and recreation
affordable housing and living
public health and safety
Controlling our environmental bottom line requires managing, monitoring and reporting our emissions, consumption and waste. Including but not limited to: