Triple Bottom Line (Tbl) Performance from Sustainable Reporting Perspective

Abstract

Purpose - The article refers to a tool to measure the impact of businesses on the economy, society, and environment in sustainable development, which is the Triple bottom line (TBL). The article outlines different approaches to TBL in the enterprise: 3 ESE issues: Economic, social, environmental, 3 P's approach: Profit, People, Planet. By analyzing factors affecting the application of TBL in enterprises, the article examined the influence of each factor on the application of TBL in enterprises and on the level of sustainability of the business.

Methodology - The article uses a descriptive statistical method through data analysis of 192 manufacturing enterprises. It evaluates the factors affecting the application of TBL in enterprises and the influence of TBL application and other elements on sustainable development.

Findings – The article identifies and tests the influence of factors on the application of TBL: Characteristics of enterprises, measurement tools available at the enterprise, and business strategy that affect the application of TBL in enterprises. Enterprise information systems and competition of enterprise do not affect TBL. In addition, by advanced testing techniques, the article also shows the influence of factors on the level of sustainable development of enterprises: The Triple Bottom Line, characteristics of enterprises, enterprise information system, and competition of enterprise affect the level of sustainability of enterprises, while measurement tools available at the enterprise and strategy of business do not affect the level of sustainability of enterprises.

Research limitations/implications: Research reports on manufacturing companies only, not all business types

Practical implications - Indicate the possibilities of applying TBL and evaluate the sustainable development of manufacturing enterprises

Social implications: The article studies aspects related to the environment, saving natural resources, and sustainable development. From there, it refers to the issue of sustainable development by measuring the consumption of natural resources.

Originality/value - This article is unique because it assesses the factors influencing the adoption of TBL to measure sustainability in manufacturing enterprises.